Posted: 10 Apr 2024 Resource Type: Research Report Back Identifying the policy impact on compliance technology The role played by RegTech - and compliance technology more broadly - is crucial in assisting firms to meet and enhance their adherence to regulatory standards. With the proliferation of data, the complexity of processes and the multitude of necessary regulatory obligations, achieving compliance without technology is no longer possible. The City of London Corporation, in partnership with Innovate Finance, has released a new report calling for the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) to introduce a ‘RegTech Test’ to help assess how technology can best enable regulatory compliance, and discusses a wider range of regulatory initiatives when considering the policy impact on compliance technologies, also highlighting the benefits of implementing the ‘RegTech Test’. One of the key drivers of our success as a global financial centre is the strength of our regulatory frameworks within an agile and receptive business ecosystem. RegTech offers a prime opportunity for the UK to boost its competitive edge and take a leading position as a hub for fintech innovation that is in step with the pace of global digital transformation. Working alongside the Government and regulatory bodies, we can unleash the full potential of the systems and solutions this report recommends. Chris Hayward Policy Chairman of the City of London Corporation RegTech Test Download the report from Innovate Finance Download the report from Innovate Finance Share: Share to LinkedIn LinkedIn Share to X Share to Facebook Facebook Share to WeChat WeChat Share to WhatsApp WhatsApp Share to Email Email Related content Research Report UK India Infrastructure Financing Bridge Sep 2025 - This first annual report captures the UK–India Infrastructure Finance Bridge (UKIIFB) Year One learnings UK India Infrastructure Financing Bridge Thought Piece The Innovation and Technology Dinner 2025 Sep 2025 - Bringing together over 200 senior leaders from the FS and tech sectors for the Innovation and Technology dinner, an annual event where we celebrate the City’s vital tech sector. The Innovation and Technology Dinner 2025 News Quantum Computing Hackathon Aug 2025 - Take part in a first-of-its-kind Quantum Hackathon focused on transforming UK financial services. Quantum Computing Hackathon Thought Piece Baku to Belém: Reflections from Net Zero Delivery Summit 2025 Jul 2025 - The Net Zero Delivery Summit marks the crucial halfway point between climate COPs. The message of the day was a celebration of action, and championed the central role of finance in the path to net zero. Baku to Belém: Reflections from Net Zero Delivery Summit 2025