RegTech applies to new technologies developed to help overcome regulatory challenges in financial services.
Our aim is to encourage the development of these technologies, as they could benefit consumers and the wider industry.
We have met with a number of start-ups, incumbent institutions, technology providers and academics to see the impact RegTech could have. This helped us to understand where we should focus our efforts. We also began to develop and test a number of activities and ideas based on what we learnt.
Our approach to RegTech
In 2015 we issued a Call for Input to find out more about how we could support the adoption and development of RegTech.
People working in the industry told us about the different types of RegTech and how it’s used.
They also gave us feedback about what our role could be, and told us about the challenges for innovation and its adoption.
We’ve developed a number of work programmes to help face these challenges.
Call for Input: Machine Executable Regulation
In February we published a Call for Input seeking views on how technology could make it easier for firms to meet their regulatory reporting requirements and improve the quality of information they provide. We are asking for comments on this by 20 June 2018.
Since 2016 we’ve hosted five TechSprints to help find solutions to important financial services issues.
Work with us
Find out more about how you can get involved with our work programme and how you can engage with us further on RegTech.