Archive: August 7, 2018

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New “Global Sandbox” Announced

New “Global Sandbox” Announced

By Jonathan Lawrence

Twelve financial regulators and related organisations, including the UK Financial Conduct Authority (FCA), announced on 7 August the creation of the Global Financial Innovation Network (GFIN), building on the FCA’s proposal earlier this year to create a ‘global sandbox’.  A list of GFIN members is here.  The network will seek to provide a more efficient way for innovative FinTech firms to interact with regulators.  It will also create a new framework for co-operation between financial services regulators on innovation related topics.

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