A PYMNTS Company

UK: FCA Competition director testifies before US Fintech Task Force

By  |  June 26, 2019

Financial Conduct Authority (FCA) Director of Competition Christopher Woolard testified before the House Financial Services Committee Fintech Task Force on Wednesday, June 26.

The newly formed Task Force is designed to seek out solutions to encourage benevolent innovation in the financial services sector. Announced by House Financial Services Committee Chairwomen Maxine Waters in May, the bipartisan Committee will hold hearings for legislators to better understand innovations in financial services.

Woolard, as a member of the leading global regulatory body when it comes to facilitating Fintech, provided valuable non-US perspective to Committee members. As the regulatory ecosystem is less fragmented in the UK, the two jurisdictions can generate a good amount of contrast.

Full Content: Crowd Fund Insider

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.