About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

The Future of Transatlantic Regulatory Cooperation: Antony Phillipson

Subscribe to our newsletter

As the RegTech Summit Virtual 2020 fast approaches, we are so pleased to welcome Antony Phillipson, Her Majesty’s Trade Commissioner for North America and Consul General in New York on Day Three (November 18) for a special Keynote speech and Q&A to discuss a possible Brexit UK-US FTA and outline the future of transatlantic regulatory cooperation. We caught up with him before the event to learn more about the treat in store…

“The UK is one of the world’s great financial services centers, but it keeps changing, and the story keeps evolving,” he told RegTech Insight. “What we work very hard to do is to make sure that we’re creating the right sort of ecosystem within the UK to incentivize and attract innovative start-ups and give them a place to grow and to flourish.

“When it comes to both RegTech and FinTech, the UK is a world leader. FinTech, to simplify is prompted by innovative solutions to serving customers’ needs, while RegTech is an interesting solution to the necessary regulatory response to events such as the global financial crisis and other regulatory challenges. In fact, I think it was the FCA that first coined the specific term RegTech in terms of exploiting technology to help firms manage compliance issues.”

Phillipson is looking to deepen the partnership between the UK and the US in a post-Brexit world, and sees enormous possibilities in collaboration within the FinTech and RegTech space.

“We are looking to develop this partnership in several ways, one of which is through the free trade agreement and negotiations, which will certainly include a focus on financial services market access. Alongside that, we’re also pursuing regulatory cooperation and collaboration in a couple of ways. One is through a Financial Services Regulatory Working Group that was set out by the two Treasuries in March 2018. Specifically within that, they launched a Financial Innovation Partnership last year to build and deepen these bilateral engagements on emerging trends in financial services, and stimulate innovation between the two countries. So we are looking to start from a strong platform.”

To learn more about the potential US/UK trade partnership, and to hear the full speech from Anthony Phillipson, don’t forget to sign up for your place at our upcoming RegTech Summit Virtual 2020, from November 16-20.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: FRTB Implementation in APAC: An industry update and what is left to do

Date: 25 May 2023 Time: 9:00am London / 4:00pm Singapore Duration: 50 minutes Fundamental Review of the Trading Book (FRTB) regulation, a set of proposals from the Basel Committee on Banking Supervision (BCBS) for a new market risk-related capital requirement for banks, is due to be implemented across APAC over the next few years. Singapore...

BLOG

FCA Proposes Tough Anti-Greenwashing Rules for UK

The UK’s financial regulator has issued its toughest set of proposals yet to crack down on greenwashing. The Financial Conduct Authority’s (FCA) proposed Sustainable Disclosures Requirements contains a list of measures, including rules on labelling of green financial products and restrictions on the language that can be used to describe green investment instruments, that it...

EVENT

Regulatory Reporting Briefing, New York

RegTech Insight (from A-Team Group) is proud to announce the launch of its Regulatory Reporting Briefing taking place in New York and focusing on: Best practices for regulatory reporting with RegTech

GUIDE

Regulatory Data Handbook 2022/2023 – Tenth Edition

Welcome to the tenth edition of A-Team Group’s Regulatory Data Handbook, a publication that has tracked new regulations, amendments, implementation and data management requirements as regulatory change has impacted global capital markets participants over the past 10 years. This edition of the handbook includes new regulations and highlights some of the major regulatory interventions challenging...