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U.K. and U.S. to collaborate on FinTech initiatives

Jaclyn Jaeger | February 20, 2018

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

“As our first agreement of this kind with a U.S. regulator, we look forward to working with LabCFTC in assisting firms, both here in the U.K. and in the U.S., who want to scale and expand internationally in our respective markets,” FCA Chief Executive Andrew Bailey said in a statement. As part of this arrangement, the FCA and the CFTC will host a joint event in London to demonstrate how firms can engage with both regulators, he said.

“This is the first FinTech innovation arrangement for the CFTC... To get the full story, subscribe now.