The UK's National Audit Office has highlighted a significant skills gap within the Financial Conduct Authority (FCA), leading to slow enforcement of crypto regulations. This has been attributed to a lack of diversity in the UK executive pipeline and a shortage of crypto skills within the FCA, hindering their ability to take timely enforcement action against crypto firms. The FCA's slow responses in crypto regulation enforcement have been pointed out by various sources, including the National Audit Office and financial regulators.
U.K.'s financial regulator @TheFCA is slow to take enforcement action against crypto firms, even when it has the right powers, the nation's spending watchdog @NAOorguk has said. By @camomileshumba https://t.co/IvTbiaE2lT
FCA hampered by crypto skills shortage https://t.co/2IHCjIR7XN
Lack of diversity in UK executive pipeline points to slow progress for female CEOs https://t.co/uYTWEoD2Py
The UK's National Audit Office points out a critical skills gap in the FCA, leading to slow responses in crypto regulation enforcement. https://t.co/jCeYTyWLyP
📣 Latest News: UK FCA crypto skills gap is causing slow enforcement, says National Audit Office #news #cryptonews #crypto
UK FCA crypto skills gap is causing slow enforcement, says National Audit Office https://t.co/jCeYTyXjon