At 11.30am on Wednesday 11 November the House of Lords Financial
Services Regulation Committee will hear evidence from:
-
, CEO at UK Private Capital
- Andrew Henderson, Partner at Goodwin
- Leo Ringer, Co-Founder and Partner at Form Ventures.
These witnesses will be giving evidence to the committee's
inquiry on how regulators and firms use regulatory sandboxes, and
whether they drive innovation in the industry.
This public evidence session will be held in Committee Room 2 of
the House of Lords and streamed live and on demand on Parliament TV.
Topics the committee is likely to cover in this session include:
- Whether and how regulatory sandboxes support innovation and
investment in financial services.
- How regulatory sandboxes are perceived by financial services
investors and advisers, and whether they act as an investment
signal.
- How the use of regulatory sandboxes could be improved from
the perspective of financial services investors and advisers.
More about the regulatory sandboxes
A regulatory sandbox is a controlled testing environment in which
firms can test innovative products, services or business models
under regulatory oversight, without immediately being subject to
the full range of regulatory requirements that would normally
apply.
Increasingly, sandboxes are also framed as controlled testing
environments where regulators can learn about new technologies
and generate insights that help to inform future regulatory
frameworks.
The FCA launched the first sandbox in 2016 as part of Project
Innovate, a scheme aimed at promoting competition and growth in
UK financial services. It has since launched four additional
sandboxes, including the Digital Securities Sandbox in
partnership with the Bank of England. The sandbox model has also
been replicated in more than 50 global markets.
