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What are the regulatory challenges facing UK Fintechs?

The news in 2020 was dominated by a small number of huge global stories. The impact of the coronavirus pandemic, the US elections, as well as the conclusion of the Brexit negotiations were all reported on extensively by Financial Times journalists, but arguably the FT’s most impactful story of the year came from the Fintech space.

The FT’s investigation into accounting fraud at German payments group Wirecard, not only resulted in the company’s collapse, but also asked serious questions of how Fintech firms are regulated.

FT Trading Room editor Philip Stafford spoke recently to an audience of Fintech business leaders about the regulatory challenges facing the sector in light of the Wirecard scandal, what’s next for UK regulation after Brexit, as well as the impact of working from home arrangements.

Watch Philip’s session ‘Financial regulation: key challenges and what's next for the UK?’ from FinTech Connect 2020 in full below.

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