FCA Calls for Creation of Global Alliance of Fintech Regulators

Christopher Woolard, the FCA’s executive director of strategy and competition, said he would like to see a collaboration of global regulators to encourage fintech growth; this would be in the style of a global sandbox and would be quite the undertaking but as Mr. Wollard stated, they are up for it; this would allow companies to better understand the regulatory limits and help to stop global issues like money laundering. Source.