Chris Woolard, Strategy and Competition Director, at the FCA speaks exclusively to Jason Bates about an announcement concerning their regulatory sandbox.
Without giving the game away, they discuss the FCA;s latest paper about their future plans for the sandbox, how this will help companies and also take advantage of reg tech.
Chris tells us about the success of the previous 4 cohorts of the sandbox to date, and what the future looks like. He explains what the Innovate department of the FCA does and what it focuses on. He tells us about the importance of regulation, especially for start ups and how the FCA is best placed to help start ups, they don't want to appear unfriendly or intimidating so that start ups actively avoid being properly regulated.
Additionally they also discuss Chris' background, how he got into the role and the importance of competition in the market.
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