The UK’s Financial Conduct Authority today (August 7) unveiled a global network of regulators that will collaborate on a joint fintech sandbox, among other roles.
The Global Financial Innovation Network (GFIN) brings together 12 bodies, including the FCA, aiming to build a “more efficient way” for firms to interact with regulators, while allowing regulators to co-operate on fintech-related topics. The FCA first raised the idea of a global network in a consultation in February.
“The creation of
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