In this episode of Talk FS, Ryan Venner interviews Ravi Bhalla, the former head of innovation at the FCA. They discuss the FCA's role in promoting innovation within the financial services sector, the importance of proactive engagement between firms and regulators, and the impact of the new consumer duty on the industry. Ravi shares insights on the regulatory sandbox, global collaboration in regulatory innovation, and the significance of academic partnerships. He also reflects on career advice and the importance of viewing one's career as a journey with various paths.
Key Takeaways:
- The FCA aims to preserve market integrity, protect consumers, and promote competition.
- Innovation is essential for the FCA to fulfil its regulatory mandate.
- Proactive engagement with the FCA leads to better outcomes for firms.
- The regulatory sandbox allows firms to test their business models with real consumers.
- Global collaboration among regulators enhances regulatory innovation.
- The new consumer duty focuses on putting the customer at the centre of financial services.
- Academic partnerships can drive regulatory innovation and knowledge exchange.
- Career paths are not always linear; sidesteps can be purposeful.
- Measuring the effectiveness of consumer protection is crucial for the FCA.
- The pandemic has changed the way regulators and firms interact.
Contact Us:
💬 https://www.linkedin.com/in/ryanvenner/
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Cardiac Cowboys
The heart was always off-limits to surgeons. Cutting into it spelled instant death for the patient. That is, until a ragtag group of doctors scattered across the Midwest and Texas decided to throw out the rule book. Working in makeshift laboratories and home garages, using medical devices made from scavenged machine parts and beer tubes, these men and women invented the field of open heart surgery. Odds are, someone you know is alive because of them. So why has history left them behind? Presented by Chris Pine, CARDIAC COWBOYS tells the gripping true story behind the birth of heart surgery, and the young, Greatest Generation doctors who made it happen. For years, they competed and feuded, racing to be the first, the best, and the most prolific. Some appeared on the cover of Time Magazine, operated on kings and advised presidents. Others ended up disgraced, penniless, and convicted of felonies. Together, they ignited a revolution in medicine, and changed the world.
The Joe Rogan Experience
The official podcast of comedian Joe Rogan.