On Tuesday, Britain’s Financial Conduct Authority (FCA) announced that Sarah Pritchard has been appointed as its deputy chief executive.
This newly established position reflects the growing responsibilities of the watchdog, which now encompasses the regulation of stablecoin and cryptocurrency companies.
Pritchard’s appointment coincides with the FCA’s increased involvement in overseeing the fast-changing cryptocurrency sector. The deputy chief executive role was created to handle this broader scope of work.
FCA Chief Executive Nikhil Rathi commended Pritchard for her contributions to the organization in a statement, emphasizing her role in merging the supervision, policy, and competition functions of the FCA.
Rathi also acknowledged Pritchard’s leadership in some of the FCA’s most prominent initiatives.
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