X

CFTC and South African Reserve Bank Initiate Information-Sharing Cooperation

The CFTC and the South African Reserve Bank initiated an agreement to share information regarding financial technology ("FinTech") and the regulatory implications of its increasing use.

The two governmental authorities agreed to share information on: "(a) emerging trends and developments pertaining to FinTech; (b) innovations in FinTech and regulatory issues pertaining to such innovations; (c) experiences with and best practices in engaging with FinTech innovation; and (d) activities of domestic and international organizations or bodies that promote innovation in FinTech."

Primary Sources

  1. CFTC, South African Reserve Bank Joint Statement: CFTC-SARB Statement of Intent on Cooperation and the Exchange of Information on Financial Technology Innovation
  2. CFTC Press Release: CFTC and South African Reserve Bank Announce Cooperative Effort to Promote FinTech Innovation

Tags

Regulated Activities
Regulatory Process Fintech Regulatory Oversight
Sub-Activity
Regulatory Co-operation
Regulated Entities
Banking Organizations Regulatory Agencies
Body of Law
CEA Regulation
Jurisdiction
US - Federal
Impacted Foreign Jurisdiction
South Africa
Organization
CFTC, NFA, CFTC Markets
Sub-Author
CFTC