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Matthias Knab, Opalesque for New Managers: The UK's Financial Conduct Authority (FCA) has set out ambitious new growth measures for 2026 including supporting UK-issued stablecoins to provide faster and more convenient payments.
To enable firms to experiment with the issuance of stablecoins, the FCA will open its regulatory sandbox for safe testing and to support innovative policy development.
In a letter to the Prime Minister the FCA also said that, following nearly 50 growth commitments laid out at the start of the year, the vast majority have been met, and more initiatives to support growth have also been delivered.
The package of growth reforms enables firms to scale, supports home ownership, bolsters capital markets, and gives consumers more options to invest.
Next year, the FCA will deliver a new wave of growth initiatives to focus on more efficient supervision, the digitalisation of financial services, increasing SME lending, and boosting trade and international competitiveness.
Plans include deepening US-UK market integration through the Transatlantic Taskforce for Markets of the Future; and preparing to enable some early-stage firms to conduct regulated business before full authorisation, for when legislation is passed.
Nikhil Rathi, chief executive of the FCA, said: "Supporting growth helps consumers, improving their financial resilience and providing more ...................... To view our full article Click here
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