We explore the potential applications of quantum computing in UK financial services.
Read the Research Note (PDF)[1]
This research was undertaken to explore the potential applications of quantum computing in UK financial services, and to assess how firms and regulators can prepare for their emergence.
It was triggered by the continued advancement of quantum technologies, and by the need to understand what their deployment could mean for financial markets, consumers and the UK’s position as a global financial centre.
Now is a critical moment: while commercial applications are still emerging, progress is accelerating and proactive regulatory engagement can help the UK capture opportunities while managing risks.
Authors
Charlie Markham (FCA) and Ross Grassie (formerly the Quantum Software Lab).
Disclaimer
Research notes contribute to the work of the FCA by providing rigorous research results and stimulating debate. While they may not necessarily represent the position of the FCA, they are one source of evidence that the FCA may use while discharging its functions and to inform its views. The FCA endeavours to ensure that research outputs are correct, through checks including independent referee reports, but the nature of such research and choice of research methods is a matter for the authors using their expert judgement. To the extent that research notes contain any errors or omissions, they should be attributed to the individual authors, rather than to the FCA.