Innovate Finance Statement on Creation of Global Financial Innovation Network
News on 7th August 2018
CEO of Innovate Finance, Charlotte Crosswell comments on news that Financial Conduct Authority (FCA) in collaboration with 11 financial regulators, has created the Global Financial Innovation Network (GFIN) building on a previous proposal to create a ‘global sandbox’.
“We welcome the evolution of the sandbox into the Global Financial Innovation Network and commend the FCA for continuing to lead the way in FinTech regulation. As an increasing amount of Innovate Finance’s members look to scale up cross border, it is essential that we have global regulators in dialogue to look at regulatory cooperation.”
The Full FCA announcement can be found here.