nejra: when it comes to syntec, people are concerned post-brexit.nvironment be more open, will it need to be to attract those startups? >> it depends on two moving parts. we and the u.k. have been open. interestingly, i saw this as a board member before i became chief executive, there has been a important mindset change, about what you can and can't do and there has to be some truth to it, but we do have a role as regulator to enable change. we are not picking winners. we are having to ask the question, because the rulebook was designed for a different age of technology and use, it gets in the way of ways we should look at. the fca has taken a big lead. we have strong alliances now with other parts of the world, singapore, hong kong are two examples of countries that followed strongly. i hope we will have the same relationship with europe, with the eu, we talk about it. there is a lot of desire. i don't see it as a race. of who has fintech and who doesn't. it is borderless. nejra: when you look at things like cryptocurrency and contracts, do you see

moving to our next key finding, syntec, which is essentially the intersection of finance and technology, provides 2re78ds opportunity to accelerate progress toward financial inclusion. so basically, syntac involves the innovative use of technology to both design and deliver financial services on products. and if that sounds like a really broad catchall term, that's because it is. but this can help enhance the accessibility and the utility of financial services for consumers. and render the deployment of these services more cost effective for providers. so for example, in a report bb vancoma is working with a chilean bank to extend credit to individuals who may not have a typical credit history that they have established. we're excited about these kinds of developments because they not only enable customers to access financial services but they can also help it become more accessible for individuals to use these services and intuitive. so how are some countries taking synt krachlt into account? one example is in indonesia where as of august 2016 the financial services authority provided