The Big-Bang 2.0 fails to make City rules fit for an era of crypto and email not Telex TIM DOLAN THE Financial Services and Markets Bill 2022, introduced last week, failed to usher in the “Big Bang 2.0” of financial services regulation we were promised. It is true that many of the initiatives contained within the bill are sensible, welcome, and necessary – but they are nowhere near as radical as what is required to [...]
If the FCA stays stuck in the past, London will lose capital to European competitors Tim Dolan Sometimes, when things are not working fully, you have to start from the beginning. Perhaps it was this rationale driving Nikhil Rathi, chief executive of the Financial Conduct Authority, when he made several promises in the regulator’s “three year strategy” almost identical to those made by George Osborne in 2011 when the body was set [...]
