According to Foresight News, the Bank of England (BoE) and the Financial Conduct Authority (FCA) will take a "proactive" and flexible regulatory approach through the Digital Securities Sandbox (DSS). Sashi Mills, executive director of the Bank of England, said this will enable regulators to adopt new approaches, maximize the potential benefits of innovation, and manage financial stability risks. Through distributed ledger technology (DLT), DSS aims to alleviate inefficiencies in the "post-trade environment", which can reduce barriers to entry for providers while increasing the resilience of financial markets.