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Steven Gatti, Partner and Head of the Financial Regulatory Practice at Clifford Chance, joins us for our ongoing series – FTT Chats – where we sit down with the great and the good of FinTech to discuss innovation, new entrants, and emerging technologies.
His practice spans the contentious matters of financial regulation and non-contentious advisory matters across the industry. As new technologies rapidly transform the financial services industry, Gatti, like many of his brethren, has evolved into a FinTech lawyer and expert.
Gatti discusses the ways in which regulatory frameworks need to evolve as well. It is, no doubt, a complex landscape with different regulators taking different areas of focus and grappling with the rapid evolution of the industry. Whilst it may cause some frustration for innovators, Gatti notes the need for regulators to ensure the integrity and fair operation of markets. In short, there is a lot for innovators to be aware of on the regulatory horizon;
“You can’t stop the development of things that make sense even if those challenge the historical architecture of those markets and push the boundaries…”. He suggests that the pace of change may need to be slowed to allow regulatory frameworks to adapt.
Keeping on the theme of rapid change and looking at crypto assets, a subject that Gatti will explore in more detail as he leads a panel on that very topic at FTT Virtual North America, he outlines some recent regulatory actions and focus and covers some of the challenges ahead.
Hear more on how he advises the ways in which key stakeholders, in the spirit of FinTech collaboration, can help ‘move the titanic’ in the full interview. Register your interest now.