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
