The proposed reforms aim for simplicity and targeted resilience against modern risks.
Bank of England
The Bank has signalled a shift in its approach to regulating AI, questioning whether its current framework is adequate.
The full scope of regulated activities under the regime will expand from October 25, 2027.
The debate is no longer whether crypto should be regulated, but what effective regulation should look like.
FCA and BoE have identified priority areas requiring immediate industry clarity, particularly surrounding tokenization infrastructure and regulatory resilience.
Peers believe an overly cautious approach could harm market growth.
The call for input closes on July 3 and a feedback statement is expected in the summer.
Parvez Khan discusses whether private credit could cause trouble for the global financial system.