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UK FCA seeks to engage more with corporate treasurers

( May 21, 2024, 15:45 GMT | Official Statement) -- MLex Summary: The UK Financial Conduct Authority today told the Association of Corporate Treasurers that engagement between the two sides would save treasurers from becoming exposed to more confusing risks stemming from regulation. “What you probably don’t need is more ‘known unknowns’ to add to the list of uncertain weather patterns,” the FCA's chief executive Nikhil Rath said at the ACT's annual conference. Although most corporate treasurers don’t work for firms overseen by the FCA, regulations often impact their business, he said. Rathi also presented a list of reforms that are relevant to the industry, including the upcoming intermittent trading venue, digital securities sandbox, and the latest settlement rules.Statement follows....

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