Speech by Nikhil Rathi, FCA chief executive at TheCityUK dinner, sponsored by Nasdaq. Thank you to TheCityUK and Nasdaq for bringing us together this evening.It’s a fitting venue for us to discuss market transitions: the former HQ of Midland Bank, which of course became part of HSBC.And now HSBC Orion has become the first entrant approved to provide live Digital Securities Depository services.A useful reminder that financial infrastructure never stands still, and neither can we.A few years ago, discussions about digital assets were dominated by the technology itself. Could you tokenise a fund? Could you put a bond on a distributed ledger?Today, the conversations are about what the technology can enable, at what scale, and how fast…What this means practically for liquidity, capital formation, settlement.In other words: will these new technologies make markets work better? And how do we make that happen globally?
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What is FCA? We protect people by helping them understand some of the most common risks they might come across when using financial services.
We publish warnings about firms that are doing business without our authorisation, and we encourage consumers to report scams, potential harm or bad conduct to us.
Our ScamSmart campaign targets individuals who are most at risk of investment fraud and pension scams. Our InvestSmart campaign also warns newer investors about the risks of investing online.
We want to help consumers protect themselves, so we work with consumer organisations to raise awareness of what we do. These organisations also help inform our approach to regulation.