The UK has consistently outlined its ambition to remain a global fintech leader.
In Finextra, our CEO and Founder Laurent-Olivier Labeis (Leo) argues that support for RegTech is key to enabling confidence in a more regulatory demanding environment.
Fragmented and manual processes are still driving unnecessary cost, operational friction and weaker resilience across the financial ecosystem.
As Leo notes, the path to a modernised solution is taking shape. With the Financial Conduct Authority and Bank of England looking at automated and standardised reporting, alongside the European Securities and Markets Authority (ESMA)’s efforts to simplify transaction reporting, a credible solution is being incrementally introduced.
The UK already has a strong regulatory foundation. By continuing to support standardised and digital solutions such as digital regulatory reporting (DRR) and the Common Domain Model (CDM), the UK can strengthen and help secure its position as a long-term leader in fintech.
Read the full Finextra article here: https://www.finextra.com/blogposting/32290/why-regtech-will-be-the-next-test-of-the-uks-fintech-ambition
Learn more about how Rosetta is supporting DRR: https://regnosys.com/solutions/rosetta/