trending Market Intelligence /marketintelligence/en/news-insights/trending/ncenqsfdgziajtrx7clm2w2 content esgSubNav
In This List

UK FCA, US CFTC sign agreement to support fintech innovation

Blog

Commercial Banking: June 22nd Edition

Blog

Commercial Banking Newsletter June Edition - 2022

Blog

Investment Banking Newsletter: May 11 Edition

Blog

Commercial Banking: May 25th Edition


UK FCA, US CFTC sign agreement to support fintech innovation

The U.K. Financial Conduct Authority signed an arrangement with the U.S. Commodity Futures Trading Commission to collaborate and support innovative firms through each other's financial technology initiatives — FCA Innovate and LabCFTC.

The arrangement focuses on sharing information regarding fintech market trends and developments, and facilitates referrals of fintech firms interested in entering the other's market, as well as sharing information and insight derived from each regulator's relevant sandbox, proof of concept or innovation competitions.

The arrangement supports both regulators' efforts to facilitate responsible fintech innovation and ensure international collaboration on emerging regulatory best practices, the FCA noted in its Feb. 19 statement.