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Investing.com -- Britain’s Financial Conduct Authority (FCA) announced on Tuesday the appointment of Sarah Pritchard as its deputy chief executive.
This is a newly created role, reflecting the watchdog’s expanding responsibilities, which now include the regulation of stablecoin and crypto firms.
Sarah Pritchard’s appointment comes as the FCA takes on a larger role in the oversight of the rapidly evolving cryptocurrency space. The deputy chief executive position was introduced to manage this expanded remit.
FCA Chief Executive Nikhil Rathi praised Pritchard’s contributions to the organization in a statement, highlighting her role in integrating the supervision, policy, and competition functions of the FCA.
Rathi also noted Pritchard’s leadership in some of the FCA’s most high-profile work.
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