Podcast: Ben Blackett-Ord on SMCR, KYC, and crypto

Bovill founder Ben Blackett-Ord talks about some of the big compliance stories this year and gives his predictions for 2024.

Ben is a former regulator who acted as head of Bovill for 24 years before stepping down to become Chair. He currently advises clients on regulatory affairs.

We talked about:

  • the difference between working in-house and for a consultancy;
  • why he thinks the government’s approach to crypto regulation is flawed and confusing;
  • why the FCA becoming a data-led organization could improve regulation;
  • clawbacks and inappropriate banker bonuses;
  • the FCA’s use it or lose it approach to permissions;
  • the Senior Managers and Certification Regime (SMCR) and the case of James Staley;
  • KYC in financial services; and
  • regulatory predictions for 2024.

A transcript for this podcast is available here.