National Audit Office launches review of financial regulator’s effectiveness

July 16, 2023
Est. Reading: 1 minute


Plans to assess FCA come in light of its growing list of responsibilities including cryptoassets, AI and competitiveness

The National Audit Office has launched a fresh review of the City watchdog’s effectiveness and ability to manage a growing list of responsibilities, including oversight of cryptoassets and risks surrounding artificial intelligence.

Plans to assess the Financial Conduct Authority (FCA) come in light of “significant changes” in the way it is expected to regulate the financial services sector, the NAO explained.

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