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CFTC and UK’s FCA agree to collaborate on FinTech innovations

Joe Mont | February 20, 2018

The U.S. Commodity Futures Trading Commission and the UK’s Financial Conduct Authority (FCA) have signed an arrangement that commits the regulators to collaborating and supporting innovative firms through each other’s financial technology initiatives. The two initiatives are LabCFTC and FCA Innovate.

“The FCA’s Project Innovate is the gold standard for thoughtful regulatory engagement with emerging technological innovation," said CFTC Chairman J. Christopher Giancarlo. I am delighted to demonstrate our cross-Atlantic commitment to facilitating market-enhancing innovation and sharing best practices in FinTech engagement. This is the first FinTech innovation arrangement for the CFTC with a non-US counterpart. We believe that by collaborating with the best-in-class FCA FinTech team, the CFTC can contribute to the growing awareness of the critical role of... To get the full story, subscribe now.