FCA to examine feasibility of global regulatory sandbox
UK regulator recommends establishing “college” of regulators to strengthen co-operation across borders
The UK’s Financial Conduct Authority (FCA) is to examine the merits of establishing a global regulatory sandbox for the testing of financial technology (fintech) and other innovations.
“This could potentially allow firms to conduct tests in different jurisdictions at the same time and allow regulators to work together, and identify and solve common cross-border regulatory problems, through tests,” the regulator said in a statement published on February 14.
As one of the bodies charged with
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