Heriot-Watt University was delighted to welcome Honorary Professor and Head of The Financial Conduct Authority (FCA) Scotland, Prof. Maggie Craig, to Panmure House where she delivered a guest lecture on 'The Financial Conduct Authority and FinTech'.
The event was part of a series of lectures on the role of the Financial Conduct Authority in regulating the UK and Scottish financial industry. Professor Craig will return later in the year to deliver a lecture to Heriot-Watt University's MSc students on issues related to the High Cost Consumer credit. The primary focus will be on ways the FCA is protecting consumers.
Professor Craig shared her wealth of knowledge on regulation within financial services and her lecture provided expert insight into the world of financial service conduct here in Scotland.
In her role as Head of Department Scotland at the FCA, Professor Craig heads up the team who regulate the conduct of 56,000 financial services firms and financial markets in the UK.
A mix of students, academic staff and industry partners listened attentively to the lecture in Adam Smith's former Edinburgh residence before taking the chance to ask Professor Craig questions during a Q and A.
A keen analyst and problem solver, Professor Craig shared her knowledge of the financial services industry and her passion for the sector, a passion she explained to the Scotsman in July 2017: “I can get really ridiculously passionate about it. You can't operate without a properly functioning financial services industry, and it brings huge benefits to the economy – both Scottish and UK.”
A key focus of the lecture was on the FinTech sector growing here in Scotland, and she advised on the many ways in which the FCA provides guidance and assurance to ensure these companies can navigate the regulatory system and gain vital connections.