REGTECHUK

Following the financial crisis, regulators around the world recognise that firms have to deal with greater reporting requirements and meet higher regulatory standards. In order to enable effective competition and promote innovation, it is important that technologies that help firms better manage regulatory requirements and reduce compliance costs are supported. In the UK the conduct regulator, the Finacial Conduct Authority, is working with its counterpart, the Prudential Regulatory Authority to identify ways to support the adoption of new technologies to facilitate the delivery of regulatory requirements via RegTech.