Financial Regulation Innovation Lab

The Financial Regulation Innovation Lab (FRIL) is an industry-led collaborative research and innovation programme focused on leveraging new technologies to respond to, shape, and help evolve the future regulatory landscape in the UK and globally. It aims to create new employment and business opportunities and enable future talent. FRIL provides an environment for participants to engage and collaborate on the dynamic demands of financial regulation, explore, test, and experiment with new technologies, build confidence in solutions, and demonstrate their ability to meet regulatory standards worldwide.

Innovation Calls

As part of its programme, FRIL has launched a series of industry-led calls. These bring together financial institutions and innovators from across the fintech community and beyond to develop new solutions to key financial regulatory challenges.

AI and compliance – Utilising emerging technologies to simplify compliance process and monitoring.
Consumer Duty – Supporting consumer duty obligations and enhancing financial inclusion outcomes.
Financial Crime - Addressing future challenges of financial crime.
ESG - Meeting new regulatory requirements, leveraging new data and new technologies.

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Latest Financial regulation Case studies

Fintech firms

07 March 2025

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Research

Applied Research

FRIL integrates academic research with an industry relevant agenda, focused on enabling knowledge on cutting-edge topics such as generative and explainable AI, advanced analytics, advanced computing, and earth-intelligent data as applied to financial regulation. The approach fosters cross sector learning to produce a series of papers, actionable recommendations and strategic plans that can be tested in the innovation environment, in collaboration across industry and regulators.

Applied research is realised through:

Clearly framing complex problems
Identifying new perspectives and discovering new insights
Creating a framework for solutions and highlighting potential industry applications
Utilising testing environments that enable further collaboration and understanding

Latest Financial regulation White papers

Regulation

18 March 2025

Consumers as Innovators and the UK Financial Conduct Authority’s Consumer Duty

We address the scope, purpose, and initial implementation from July 2023 of the UK Financial Conduct Authority’s (FCA) Consumer Duty. …

Climate Finance

17 March 2025

Navigating Double Materiality in ESG: Practical Steps for Businesses

Introduction to Double Materiality Double materiality emerged as a concept relatively recently, but has been gaining interest as a practical, …

Climate Finance

28 February 2025

The European Sustainability Reporting Standards and Opportunities for Financial Services

This white paper introduces the European Sustainability Reporting Standards (ESRS), which underpin the Corporate Sustainability Reporting Directive (CSRD); a core …

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Skills

Skills Development

The lab designs and implement an industry relevant skills and education programme tailored to needs of professionals in regulatory risk and compliance. It focusses on emerging technologies and how these technologies are applied in financial services.

The programme provides:

Inspiring and challenging courses aimed at bridging the skill gaps
Access to high-quality resources and guest lectures from across the industry.

Knowledge

Knowledge exchange

FRIL facilitates collaboration and knowledge exchange around the topic of innovation in financial regulation through a series of industry engagement actions, including:

Insightful communications on innovation impacting regulation
Workshops and discussion forums bringing together diverse participants embracing regulation innovation
Roundtables to develop specific financial regulation innovation themes
Innovation demonstration events, exploring potential partnerships for specific innovations
International engagement activities to learn from global innovation developments