The Bank of England (BoE) and the Financial Conduct Authority (FCA) will adopt a "proactive" and flexible approach to regulation through the Digital Securities Sandbox (DSS). This will enable regulators to adopt new approaches, maximise the potential benefits of innovation and "manage financial stability risks", according to Sashi Mills, executive director of the BoE.
Through DLT, DSS aims to mitigate inefficiencies in the "post-trade environment", which can "lower the barriers to entry for providers" while increasing the resilience of financial marekts.
The Bank of England will adopt a flexible approach to financial regulation through a digital securities sandbox
2024-05-22 12:33:00
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