Regulators globally must build relationships with
financial technology companies to monitor new market risks.
Their wariness of innovation in finance is
attributed to the fact that periods of rapid financial
innovation are typically followed by crises.
But the exponential growth of new market players
means that it’s more difficult to judge companies
on scale alone. Instead, regulators should engage with more
parties to learn about new technology and how that will affect
The UK’s Financial Conduct Authority (FCA) is
the leader in this space, noted Janos Barberis, founder of