07 August 2018: The Financial Conduct Authority (FCA) has today announced the creation of the Global Financial Innovation Network (GFIN), in collaboration with 11 regulators and related organisations. It builds on the FCA's proposal earlier this year to create a 'global sandbox'.
The network seeks to provide a more efficient way for innovative firms to interact with regulators, helping them navigate between countries as they look to scale new ideas. It will also create a new framework for cooperation between financial services regulators on innovation related topics, sharing different experiences and approaches.
View the full press release here