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New UK Regulatory Innovation Office announced – but there’s a financial services gap

Peter Kyle MP
Science and Technology Secretary Peter Kyle said the move would boost innovation. Photo: Christopher Furlong/Getty Images

Martin Cloake

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New office fulfils manifesto commitment, but those hoping for more clarity on who regulates the financial regulators will be disappointed.

A new Regulatory Innovation Office (RIO) is to be established by the UK government with its stated aim to “reduce the burden of red tape and speed up access to new technologies that improve our daily lives.” The focus is on the development of technologies, particularly in the medical sector,

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