FCA Inks Fintech Agreement with Hong Kong’s SFC to Foster Financial Innovation

[kreslik.news]

The UK’s Financial Conduct Authority (FCA) has signed a co-operation agreement with the Securities and Futures Commission (SFC) in Hong Kong to foster collaboration between the two regulatory authorities towards the promotion of financial innovation.

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Under the agreement, the FCA and SFC, which oversees Hong Kong’s banking, securities and exchange industries, will work together on a number of initiatives such as referrals of innovative firms, joint innovation projects, information exchange and experience sharing, to facilitate financial innovation in the United Kingdom and Hong Kong.

In addition, the co-operation framework ... (read more)