FCA launches fintech co-operation with Japan

In an exchange of letters the regulators agreed on a regulatory referral system allowing businesses from Japan and the UK to enter the other's market.  The way the framework will work is for the regulator which receives the business referral, to provide support to the business by reducing regulatory uncertainty and the time it takes to enter the market. The regulators also plan to share information about financial services innovation in their own markets and further encourage innovation in both countries. FCA executive director of strategy and competition Christopher Woolard said: ...