The sandbox goes global – Launch of the Global Financial Innovation Network

The UK’s Financial Conduct Authority (FCA) has announced the launch of the Global Financial Innovation Network (GFIN), an association of 29 regulatory bodies (Members) which will cooperate to promote innovation and share experiences and approaches to supervising new technologies in the financial services sector. The proposal to launch the GFIN was set out in a consultation paper in August 2018, and has received strong industry support. A key GFIN initiative is a pilot scheme allowing…