On 29 September, our trustee Marcial Boo spoke at RegTech; a conference at Australia House in London about the use of technology in regulation. He argued that regulators are responsible for overseeing complex systems that are getting ever more complex as sectors develop and society globalises.
In addition, many regulators are relatively young, often having been set up in the last 20 years, so they have so far understandably focused on their core business and on embedding their regulatory framework in the sectors they oversee.
This means that technology presents an under-exploited opportunity to deliver the tools to help regulators manage the growing complexity of their regulatory burdens. A more detailed blog about his speech is here.