FCA CEO gives a speech

Regulatory Updates | 03/10/23

FCA CEO, Nikhil Rathi, delivered a speech in Glasgow for the Scottish Financial Enterprise: Extending Financial Inclusion event. In the speech Rathi said the FCA cares about financial inclusion and is seeking solutions to spread it, but it doesn’t have all the levers at its disposal to have justified making it a statutory requirement.

He commented that solutions will come from industry and especially through technology. He also said that the FCA stands ready to regulate new products such as Buy Now Pay Later (BNPL) and to scrutinise the outcomes that artificial intelligence (AI) will have on inclusion.

Source: FCA