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NEWS: UK’s FCA suggests digital passports could reduce bank compliance costs

FCA: Emily Shepperd, chief operating officer and executive director of authorisations at the Financial Conduct Authority (FCA)

BY PAUL O’DONOGHUE, Senior Correspondent

ONE of the Financial Conduct Authority’s top executives has suggested that digital passports could be used to reduce the compliance burden for financial institutions.

Emily Shepperd, the FCA chief operating officer, made the comment during a speech detailing the regulator’s new five-year strategy.

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