Matthew joined the FCA as the new Director of Payments & Digital Assets in October 2022. In his role, Matthew is responsible for Market Interventions, Market Analysis and Policy across the Payments and Digital Asset Portfolios.
Since joining the FCA, he has driven forward the development of the UK’s regulatory regime for crypto, including both the crypto financial promotions regime and the design of the proposed UK stablecoins regime.
In addition, Matthew continues the FCA’s leadership in international crypto initiatives leading the IOSCO Fintech Task Force Crypto and Digital Assets Working Group which produced the IOSCO Policy Recommendations for Crypto and Digital Asset Markets which are designed to address concerns related to market integrity and investor protection arising from cryptoasset activities. He is also leading an ambitious piece of work to promote, support monitor and assess adoption and implementation of effective regulatory regimes for crypto across IOSCO member jurisdictions.
Matthew is also responsible for the development of open banking, and has overseen the publication of the Joint Regulatory Oversight Committee’s (JROC) Roadmap which outlined an ambitious programme of work to progress the next phase of Open Banking in the UK, as well as subsequent publications.
Matthew is currently supervising around 1,300 payments firms and has recently implemented the FCA Consumer Duty amongst other things. He is driving up standards across the UK payments industry through both supervisory and policy activities, including partnering with other UK regulatory authorities to target the impact of APP fraud.
