Recommendation 81

However, we also received evidence that there are significant opportunities for the FCA and the PRA to support innovation through regulatory interventions. Notably, the regulators can provide the frameworks necessary to develop and launch new products which, if delivered flexibly and at pace, can support the growth of the financial services sector. Witnesses also noted that by adopting a positive and proportionate approach to new technologies both regulators and firms can benefit from improvements in efficiency. Authorisations