Market integrity in a digital age
By FCA
AI summary of the source article
In a speech at Mansion House, FCA chief executive Nikhil Rathi highlighted the UK's position in global financial services and noted UK firms are leading in artificial intelligence adoption, tokenisation, and moving from Open Banking to Open Finance.
Key facts
- The UK is the world's largest cross-border banking, foreign exchange, and derivatives trading centre, and ranks second in investment management.
- The UK's commercial insurance sector has doubled in size over a decade.
- UK firms are leading in AI adoption, tokenisation, and transitioning from Open Banking to Open Finance.
Source excerpt · FCA
Speech by Nikhil Rathi, FCA chief executive at the Corporation of the City of London’s annual City Dinner, Mansion House. The success of the UK’s financial servicesIn August, flight cancellations left my sons and I with an extra day in Boston. A Red Sox game, perhaps?No, the Rathi boys – naturally – headed straight to…the Museum of American Finance.Funded by industry, the museum celebrates the rol…