Partner Barney Reynolds, speaking at UK FinTech Week 2021, recommended that financial regulators focus primarily on risk rather than code and control. The panel discussion, Trust vs Innovation: Finding the Regulatory Balance for a Strong FinTech Sector, featured senior regulators from the UK, Australia, Hong Kong and Malta. 

Panelists included:
Alex Roy, Head of Department – Consumer Distribution Policy area, FCA
Barney Reynolds, Global Head of the Financial Services Industry Group, Shearman & Sterling
Clara KL Chiu, Director of Licensing and Head of Fintech Unit Intermediaries, Securities and Futures Commission
Mark Adams, Senior Executive Leader, Strategic Intelligence, ASIC
Luciano Brincat, Senior Manager – Strategy Policy & Innovation, Malta Financial Services Authority
Kay Swinburne, Vice Chair of Financial Services, KPMG (moderator)

Click here to watch the panel discussion, or click here for coverage and analysis of the panel discussion by Finextra.