FCA reveals 138% increase in reported tech outages

Megan Butler

There is no immediate end in sight to the rise in tech and cyber incidents hitting UK financial services, Megan Butler, executive director of supervision – investment, wholesale and specialists at the Financial Conduct Authority (FCA) has warned.

Speaking yesterday (27 November) at Bloomberg in London, Butler told the audience that the FCA starts from a position that innovation has had a fundamentally positive impact on UK finance.

However, from a regulatory perspective it also creates new

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