ASIC expands FinTech cooperation network into continental Europe through agreement with Swiss regulator

ASIC expands FinTech cooperation network into continental Europe through agreement with Swiss regulator

Financial services innovators will be supported in meeting legal requirements when operating in each country. On 18 October 2017, the Australian Securities and Investments Commission (ASIC) and the Swiss Financial Markets Authority (FINMA) entered into a new agreement to cooperate on innovation in the financial sector. The agreement aims to encourage innovation in financial services in Switzerland and Australia, and in line with similar agreements on FinTech innovation, financial services innovators will be supported in meeting legal requirements when operating in each country. The Agreement enables ASIC to refer innovative businesses to FINMA, where they will receive the same […]