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ARTICLE · 07 AUGUST 2018

Australia And UK Establish "Fintech Bridge": A Model For Canada?

McCarthy Tétrault
McCarthy Tétrault
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McCarthy Tétrault

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On March 22, 2018, the United Kingdom ( "UK") and Australia established the UK-Australia Fintech Bridge, to:

CanadaTechnology
CyberLex Blog
CyberLex Blog
Ana Badour
Ana Badour
Nicole Chiarelli
Nicole Chiarelli
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On March 22, 2018, the United Kingdom ( "UK") and Australia established the UK-Australia Fintech Bridge, to:

  1. enable closer and stronger collaboration on Fintech between governments, financial regulators and the industry; and
  2. encourage Fintech firms to use the facilities and assistance available in the other jurisdiction to explore new business opportunities and reduce barriers to entry.

The Fintech Bridge sets out a framework for ongoing cooperation between the UK and Australia on Fintech issues, covering four inter-related "pillars":

  1. Government-to-Government
  2. Regulator-to-Regulator
  3. Trade and Investment
  4. Business-to-Business

Highlights of the priorities, initiatives and commitments described under each of these pillars are outlined below:

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