Guernsey's financial services regulator, the Guernsey
Financial Services Commission (GFSC) is involved in a new
cross-border testing pilot for firms wishing to test innovative
products and services across more than one jurisdiction.
The GFSC was a founder member of the Global Financial Innovation
Network (GFIN), which has now grown to 29 organisations supporting
financial innovation in the interests of consumers. It aims to
offer a more efficient way for innovative firms to interact with
regulators, helping them to navigate between countries as they look
to scale their ideas.
It also aims to create a new framework for co-operation between
financial services regulators on innovation related topics, sharing
different experiences and approaches.
