Status: Draft -- Not PublishedWill be live at 01/16/2019 16:53
FRT Episode 21: Global Financial Innovation Network
Christopher Kiew-Smith of the Abu Dhabi Global Market (ADGM) joins FRT to discuss the Global Financial Innovation Network (GFIN), an initiative by the ADGM and 11 other regulatory agencies (including the MAS and FCA) to build a framework to share information and trial cross-border innovative solutions in the financial industry.
In addition to sharing insights into the motivations behind the creation of the network, Chris highlights the will of regulators across the globe to engage with the financial industry and promote harmonized policy development as much as possible.
In his capacity as the ADGM’s Head of Fintech Strategy, Chris discussed the importance of innovation in the ‘RegTech’ space and the next steps for GFIN, including the upcoming clarification on entry requirements for cross-border trials. He also discussed the promotion of financial innovation while keeping up fundamental regulatory requirements in a sandbox-style environment.