RegTech: how can regulators (and the regulated) overcome adoption obstacles?

Photo by Aleksandar Pasaric from Pexels
April 19, 2022
Global
Fintech
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The European Banking Authority (EBA) in June 2021 issued recommendations to support ‘sound adoption and scale-up’ of the use of RegTech – the use of technology to improve regulatory compliance. The Hong Kong Monetary Authority (HKMA), meanwhile wants to make Hong Kong a ‘leading hub’ for RegTech while the City of London Corporation (the municipal authority for London’s Square Mile) in April called for ‘urgent action’ to encourage greater use of RegTech. What are the obstacles to RegTech use? What can be done to overcome them?

Panel

Webinar chair: Siobhan Benita, former UK senior civil servant

Siobhan Benita was a senior civil servant with over 15 years’ Whitehall experience. She worked in many of the major delivery departments, including Transport, Environment, Health and Local Government. She also had senior roles at the heart of Government in the Cabinet Office and HM Treasury, including supporting the then Cabinet Secretary, Lord O’Donnell to lead work on Civil Service reform and strategy. Siobhan left the Civil Service to run as an independent candidate in the Mayor of London election. She subsequently joined her alma mater, Warwick University as Chief Strategy Officer of Warwick in London and Co-Director of the Warwick Policy Lab.