FSB issues a report on the financial stability implications from FinTech LeapRate

June 27, 2017 BY Valentina Kirilova

FSB issues a report on the financial stability implications from FinTech

The Financial Stability Board (FSB) announced that has been analysing the potential financial stability implications from FinTech with a view to identifying supervisory and regulatory issues that merit authorities’ attention. Ten areas have been identified, of which the following three are seen as priorities for international collaboration: the need to manage operational risk from third-party…

June 23, 2017 BY Valentina Kirilova

Japan and Australia cooperate on Fintech

The Japan Financial Services Agency (JFSA) and Australian Securities and Investments Commission (ASIC) today announced the completion of a framework for co-operation to promote innovation in financial services in Japan and Australia. This Co-operation Framework recognises the global nature of innovation in financial services. In this environment, this Framework enables the JFSA and ASIC to…

June 19, 2017 BY Valentina Kirilova

Social trading CFD broker Ayondo launches Bitcoin trading

FCA regulated social trading and fintech technology provider Ayondo announced that has expanded its product portfolio with the launch of Bitcoin trading, allowing its clients easy access to the price movement of Bitcoin without the need to open up an e-wallet to purchase bitcoin in the internet. Bitcoin is a type of digital currency in…

FINRA's 2018 volume tops 2017 activity by 87%

June 14, 2017 BY Valentina Kirilova

FINRA launches Innovation Outreach Initiative

The Financial Industry Regulatory Authority (FINRA) announced that it has established an Innovation Outreach Initiative to foster an ongoing dialogue with the securities industry that will help FINRA better understand financial technology (fintech) innovations and their impact on the industry. FINRA has long been engaged in discussions about fintech issues with member firms and other…

June 13, 2017 BY Valentina Kirilova

Hong Kong and Australia seal agreement on fintech cooperation

The Hong Kong Securities and Futures Commission (SFC) and ASIC today signed a Co-operation Agreement which provides a framework for cooperation to support and understand financial innovation in each economy. This Cooperation Agreement builds on the already close ties between ASIC and the SFC, as well as the Australia-Hong Kong trade and investment relationship more…

June 09, 2017 BY Valentina Kirilova

Monetary Authority of Singapore and ASBA sign FinTech MoU

The Monetary Authority of Singapore (MAS) and the Association of Supervisors of Banks of the Americas (ASBA) today signed a Memorandum of Understanding (MOU) to bolster FinTech ties between Singapore and the Americas. The MOU provides a framework for FinTech cooperation between Singapore and ASBA member countries. Under the framework, both parties can explore potential…

June 07, 2017 BY Valentina Kirilova

ESMA responds to Commission consultation on Fintech

The European Securities and Markets Authority (ESMA) has sent today its response to the European Commission consultation paper on “Fintech: a more competitive and innovative financial sector”, welcoming the initiative to take a stock-take of the EU’s Fintech industry. ESMA sees Fintech as a positive evolution overall as long as business models aim at improving…

May 17, 2017 BY LeapRate Staff

CFTC launches New York-based LabCFTC fintech initiative

U.S. financial regulator Commodity Futures Trading Commission (CFTC) has announced the creation of LabCFTC - a new initiative aimed at promoting responsible FinTech innovation to improve the quality, resiliency, and competitiveness of the markets the CFTC oversees. Located in New York, LabCFTC will also look to accelerate CFTC engagement with FinTech and RegTech solutions that…

May 15, 2017 BY Valentina Kirilova

Rakuten becomes first Japan forex broker to launch Tradency’s RoboX FX robot trading platform

Japan retail forex broker Rakuten, Inc. (TYO:4755) and financial technology provider Tradency today announced that the two companies have collaborated to launch the RoboX service. As a result of this newly formed partnership, the RoboX service will become available to Rakuten Securities, retail forex traders. Rakuten will become the first broker offering this service in…

May 12, 2017 BY Valentina Kirilova

SFC and FCA sign Fintech cooperation agreement

The Hong Kong Securities and Futures Commission (SFC) today entered into a cooperation agreement with the UK Financial Conduct Authority (FCA) to foster collaboration in support of financial technology (Fintech) innovation. Under the agreement, the SFC and the FCA will cooperate on information sharing and referrals of innovative firms seeking to enter one another’s markets.…

Tag: fintech