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ARTICLE · 26 SEPTEMBER 2018

US And Singaporean Regulators Sign FinTech Collaboration Agreement

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On September 13, 2018, the U.S. Commodity Futures Trading Commission and the Monetary Authority of Singapore signed a cooperation arrangement on FinTech innovation ...

United StatesTechnology

On September 13, 2018, the U.S. Commodity Futures Trading Commission and the Monetary Authority of Singapore signed a cooperation arrangement on FinTech innovation, which is to be supported by the agencies' respective FinTech initiatives, LabCFTC and the MAS Financial Technology & Innovation Group. The arrangement will facilitate inter-agency cooperation on FinTech innovation and referrals for innovators that wish to enter the other regulator's market. In addition, it will provide an information sharing framework between the agencies focused on FinTech market trends and developments, innovations and best practices within their respective jurisdictions. The arrangement also calls for joint events, proofs of concept, trials and innovation competitions where permitted, along with periodic meetings to discuss FinTech issues of common interest.

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