Bryan Zhang, Executive Director and Co-Founder of the Cambridge Centre for Alternative Finance at Cambridge Judge Business School, has been appointed to the board of the Financial Conduct Authority of the UK by HM Treasury, effective today (19 February).
The appointment of Bryan as a Non-Executive Director of the FCA, by Economic Secretary to the Treasury Bim Afolami, is for an initial 3-year term.
How to ensure financial regulation keeps pace with tech development
Ensuring that regulation keeps pace with technological developments is crucial to supporting innovation and competition in the financial services sector, whilst also ensuring that consumers are appropriately protected. I am therefore delighted with the appointment of Bryan Zhang to the Board of the FCA. Bryan has demonstrated expertise in technology-driven innovation in financial regulation, which will be of significant benefit to the FCA Board.
The Cambridge Centre for Alternative Finance works at the forefront of innovation
Bryan brings with him a wealth of experience working at the forefront of innovation. I know he will be an important asset to the board and his expertise will help the FCA keep pace with an ever-evolving landscape.
The Cambridge Centre for Alternative Finance (CCAF) was established in 2015 to conduct interdisciplinary, rigorous and independent research on the development of alternative financing instruments, channels and systems, as well as related socio-economic, regulatory and policy implications.
The Centre has published more than 50 reports and a suite of digital tools in collaboration with more than 5,000 fintech firms in 195 jurisdictions as well as 130 central banks and other financial regulators.
The CCAF also has provided online capacity building and training for more than 2,600 central bankers, financial regulators, supervisors and policymakers from 300 public authorities in the last 4 years on fintech, regulatory innovation, digital assets, open banking and suptech.
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