The Financial Conduct Authority (FCA) has called for the investment industry to be more ambitious as new regulations are introduced.
Speaking at the Investment Association EmTech Global conference, Sebastian Ricketts, manager of the regulatory sandbox and innovation pathways, DTI at the FCA said the regulator is keen to encourage more innovation.
“Be ambitious,” he said, when asked about one action for the industry to take in 2026 to accelerate the safe, trusted adoption of new technologies.
“It is so important that innovators and regulators collaborate,” he added. “So we can learn and move markets forward. For this industry, tokenisation is really exciting, particularly around efficiencies and cost savings.
“We want to learn from your experiences. Project Guardian with the Investment Association was a really good start but there’s more we can do, particularly with the blueprint model. So come and talk to us.”
Ricketts also spoke about the mindset shift needed from those in the industry about sharing feedback with the regulator. “We’re keen to talk to people in the investment management industry, particularly around CP 25/28. There’s a blueprint model in there and I haven’t had anyone in this industry approach the team and say, we want to test it, tweak it, see if it works,” he said.
