FCA appoints members to Innovation Advisory Group
The Financial Conduct Authority has appointed seven experts from academia, finance, and tech sectors to its Innovation Advisory Group.
They are appointed on a rotating basis and will join the FCA’s advisory group for one-year minimum term.
The new members will work alongside a group of trade associations who have been appointed to the IAG as fixed members.
The appointees include Pinar Akman, professor of Law at the University of Leeds, Esra Kasapoglu, director of AI and Data Economy, Innovate UK, Etay Katz, senior partner, Financial Regulation, Ashurst LLP, Massimo Preziuso, lecturer in Sustainable Financial Technology, University of Salford, Ghela Boskovich, founder of FemTechGlobal, Alastair Reed, principal policy adviser, Which?, Tom Bull, partner & head of FinTech Growth, Ernst & Young LLP.
Their appointment followed a rigorous selection process that started last November.
The Innovation Advisory Group is expected to support the regulator with initiatives and proposals relating to the FinTech and RegTech sectors.
The body will also help the FCA’s Innovation Department achieve its objective of promoting competition in the interest of consumers as well as identifying opportunities for continued innovation in financial services.
In July 2022, the Innovation Department announced plan to set up a new advisory group to deepen the regulator’s innovation engagement with the industry.
The FCA said it invited several key stakeholders to take part.
It said the group members bring a wealth of knowledge and experience in areas that are closely aligned to the Innovation department’s workplan for 2023.
The department workplan covers artificial intelligence and other emerging technologies, competition, digital markets, financial inclusion, and sustainability.
The IAG is due to convene for the first time in February 2023 and will meet at regular intervals throughout the year.
The post FCA appoints members to Innovation Advisory Group appeared first on Money Marketing.