The United States is throwing more weight behind a recently launched group of global financial regulators aimed at promoting cooperation and innovation within the industry.
The Securities and Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC), Federal Deposit Insurance Corporation (FDIC), and Office of the Comptroller of the Currency (OCC) have all joined the Global Financial Innovation Network (GFIN). The four regulators join the Consumer Financial Protection Bureau (CFPB) among entities representing the United States in the network.
