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GFIN: Looking back, looking forward

2019/45
June 25, 2019

Vancouver – The Global Financial Innovation Network (GFIN) has marked its first year with the publication of a report describing the consortium’s achievements and its ambitions for the future.

GFIN, of which the British Columbia Securities Commission is a member, is a network of regulators from around the world committed to supporting financial innovation and to creating a framework for co-operation between regulators to share approaches to financial technology (fintech).

The One Year On report sets out the highlights of the network’s first year, including an innovative international cross-border testing pilot for firms wishing to market products, services or business models across multiple jurisdictions.  

The report also demonstrates GFIN’s commitment to listening to stakeholders, recognizing that their feedback is necessary to ensuring that the network continues to add value.

GFIN looks forward to the next year of engagement and to improving ways of working together for the benefit of innovative firms and other stakeholders.

About the Global Financial Innovation Network

GFIN is a network of 35 members and seven observers from 21 jurisdictions committed to supporting financial innovation in the interests of consumers. It seeks to provide a more efficient way for innovative firms to interact with regulators, helping them navigate between countries as they look to scale new ideas. GFIN also aims to create a new framework for co-operation between financial services regulators on innovation related topics, sharing different experiences and approaches.

About the British Columbia Securities Commission (www.bcsc.bc.ca)  

The British Columbia Securities Commission is the independent provincial government agency responsible for regulating capital markets in British Columbia through the administration of the Securities Act. Our mission is to protect and promote the public interest by fostering:

  • A securities market that is fair and warrants public confidence
  • A dynamic and competitive securities industry that provides investment opportunities and access to capital  

Media Contact:
Elise Palmer
604-899-6830

Public inquiries:
604-899-6854 or 1-800-373-6393 (toll free)
inquiries@bcsc.bc.ca

Learn how to protect yourself and become a more informed investor at  www.investright.org


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