Tag Archives: international regulatory coordination

CFPB Joins Foreign Regulators in Global Financial Innovation Network

The Consumer Financial Protection Bureau today announced a new partnership with 11 financial regulators and related organizations around the globe aimed at creating a Global Financial Innovation Network. The network is intended to facilitate interactions between regulators and innovators as they seek scale and ubiquity for new technologies. A joint document published by the agencies outlines the proposed functions of ...

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Engage China Coalition Applauds China Pledge to Open Financial Markets

The Engage China coalition -- a group of 12 financial trade groups that includes the American Bankers Association and its international finance subsidiary, BAFT -- has welcomed the commitment made by Chinese leadership as part of President Trump's state visit to Asia to open up its financial markets to greater foreign participation.

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ABA: Not the Time for Global Regulatory Coordination on Fintech

As bank regulators consider internationally coordinated activity to address challenges posed by fintech, ABA said yesterday that a global regulatory framework is not well-suited to oversee fintech beyond the areas where robust coordination already exists, such as cybersecurity, payments and illicit finance.

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