Regulation, according to Martin Wheatley, chief executive at the Financial Conduct Authority (FCA), “is not a zero-sum game, like a tennis match or a football match, where either the regulator wins or the firm wins. If we get regulation right, we all win.” Speaking at the Sixth Annual European Investment Conference today, Wheatley emphasized that the key was to address problems before they incur tremendous cleanup costs. He went on to offer two concrete examples of how the FCA is taking this approach — in the debate over asset management in Europe and in how the regulator deals with wealth managers in the United Kingdom. Watch Wheatley’s full presentation below.
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