Bank of England to take flexible approach to financial regulation via digital securities sandbox
The Bank of England (BoE) and the Financial Conduct Authority (FCA) will adopt a "proactive" and flexible regulatory approach through the Digital Securities Sandbox (DSS). Sashi Mills, Executive Director of the Bank of England, said that this will enable regulators to adopt new approaches, maximize the potential benefits of innovation, and "manage financial stability risks". Through DLT, DSS aims to alleviate inefficiencies in the "post-trade environment", which can "reduce the entry barriers for providers" while increasing the resilience of the financial market.
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