CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

crypto.news 2025-06-10 13:39:51

FCA names Sarah Pritchard Deputy CEO, expanding crypto oversight role

The UK’s Financial Conduct Authority has appointed Sarah Pritchard as its new deputy chief executive, a move that reflects the regulator’s expanding responsibilities across digital finance and international policy. The announcement marks the formal establishment of the deputy CEO role as the FCA assumes a broader mandate , encompassing oversight of stablecoins, crypto firms, and Buy Now Pay Later products. Pritchard, who joined the FCA in 2021, will retain her existing duties, including leadership on consumer protection and competition, while stepping up to support Chief Executive Nikhil Rathi in managing the FCA’s day-to-day operations, according to a release on the matter. Earlier this month, the FCA proposed lifting its ban on crypto exchange-traded notes for retail investors, provided FCA-approved exchanges issue them. The agency emphasized that investor protections will remain in place, including financial promotion rules, while the ban on crypto derivatives stays unchanged. You might also like: Ethereum price range-bound between $2,400 and $2,800: breakout or breakdown ahead? FCA remit changes The FCA’s remit now includes the integration of the Payment Systems Regulator, as well as shaping the UK’s future-facing regulatory approach for digital assets. As international financial standards evolve, Pritchard’s role also entails reinforcing the FCA’s global influence, especially through platforms such as the G20 and Financial Stability Board, where she has recently led work on leverage in non-bank financial institutions. Commenting on the appointment, FCA Chair Ashley Alder noted the “evolving expectations” placed on the authority and emphasized Pritchard’s ability to implement reform quickly and effectively. Chief Executive Rathi echoed the sentiment, citing Pritchard’s track record in merging supervisory and policy divisions and driving key initiatives like the reform of UK listing rules. While Pritchard’s new role signals continuity in leadership, it also reflects a strategic pivot by the FCA to address systemic shifts in how finance and crypto are delivered and regulated. Her experience—spanning both public enforcement and private sector compliance—positions her to navigate the challenges of regulating fast-moving sectors like crypto and fintech. Pritchard, who previously led the National Economic Crime Centre and held compliance roles at HSBC, said she was committed to “no let up in the pace of change” as the FCA pursues an ambitious strategy aimed at rebalancing risk and supporting UK competitiveness. You might also like: Exclusive: Crypto exchange ZBX aims to defeat ‘Q-Day’ with Naoris tech

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.