Entering authorization with restrictions is kind of an agreement in principle, but it comes with an asterisk. And the asterisk is actually like 40 to 70 asterisks that are all chunky, but not insurmountable pieces of work.
“And the asterisk is actually, like, 40 to 70 asterisks that are all, like, chunky, but not insurmountable pieces of work that you need to tie off for them to be happy lifting the restrictions.”
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I think it will take them a while to exit what's called authorization with restrictions, and and that's because entering AWR is kind of a agreement in principle, if you will, but it comes with an asterisk. And the asterisk is actually, like, 40 to 70 asterisks that are all, like, chunky, but not insurmountable pieces of work that you need to tie off for them to be happy lifting the restrictions.
Why this clip
Vivid metaphor ('40 to 70 asterisks') makes complex regulatory process tangible and memorable. The escalating imagery from 'an asterisk' to dozens creates humor while explaining serious banking regulation mechanics.
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David Jarvis
1 appearance · 3 clips
What they said next
If you are not the regulated entity, you will struggle to capture value and you will struggle to deliver value. The UK has proven a willingness to enable new technology focused innovative businesses to become fully authorized entities.
2:46 - 40s · Domain Expertise
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