Search  Follow Investorideas on Twitter  Investorideas is on Facebook  Investorideas is on Google Plus  Investorideas is on Youtube  Investorideas is on Pinterest  Investorideas is on tumblr  Investorideas is on LinkedIn  Investorideas RSS 

Investorideas podcasts on iTunes, Google Play Music and    Bitcoin and Blockchain Stocks


Join Investor Ideas Members to access the Renewable Energy stocks directory, water stocks, biotech stocks, defense stocks directories and the Insiders Corner

The World Federation of Exchanges responds to UK FCA consultation on global sandboxes to test FinTech applications


London - March 2, 2018 ( Newswire) The World Federation of Exchanges ("The WFE"), the global industry group for exchanges and CCPs, has welcomed the UK Financial Conduct Authority's initiative to consult the market on broadening the reach of its existing regulatory sandbox, and reiterated its support for a globally coherent approach to FinTech.

The WFE, which represents more than 200 market infrastructure providers including exchanges and CCPs, believes there are significant benefits to integrated financial markets and supports strong common principles, approaches and supervisory coordination to promote financial integration and market integrity, whilst safeguarding supervisory coordination.

The full response to the FCA draws on the consensus positions agreed by WFE's global membership in a January position paper entitled FinTech in the Market Infrastructure Space. The WFE's January position paper examined seven key areas in FinTech, and identified corresponding principles for markets authorities to consider when designing rules, standards and guidelines for FinTech in the market infrastructure space.

The FCA response also draws on the empirical evidence and data contained in the joint WFE-McKinsey report on FinTech in the capital market infrastructure space - entitled Fintech Decoded: Capturing the opportunity in capital markets infrastructure – which looks at potential uses of new technologies across the sector, and areas likely to see the most innovation.

As part of its mission to further regulatory coherence, the WFE set up a member-only FinTech Working Group in 2017. The WFE's FTWG comprises senior technology and innovation representatives from nearly 20 exchanges and CCPs globally. The purpose of the FTWG is to enable members to develop comprehensive and coherent industry policy positions to help shape regulatory thinking in this space, while also sharing information and best practice about new developments.

Nandini Sukumar, CEO, The WFE said: "It is important that authorities are proactively engaging with the industry to identify the nature of FinTech applications, to understand the technology which underpins it, and to work with the market to ensure the existence of an appropriate regulatory framework (if existing frameworks are not deemed appropriate). In this regard, regulatory sandboxes and innovation hubs have proven to be a useful tool for the FinTech industry and these should be extended - where relevant - to ensure that appropriate collaboration and exchange of information occurs between industry (whether regulated, or not) and regulator."

About the World Federation of Exchanges (WFE):

Established in 1961, the WFE is the global industry association for exchanges and clearing houses. Headquartered in London, it represents over 200 market infrastructure providers, including standalone CCPs that are not part of exchange groups. Of our members, 36.8% are in Asia-Pacific, 42.6% in EMEA and 20.6% in the Americas. WFE 2

exchanges are home to nearly 45,000 listed companies, and the market capitalisation of these entities is over $82.5 trillion; around $81.8 trillion (EOB) in trading annually passes through the infrastructures WFE members safeguard (at end 2017).

The WFE is the definitive source for exchange-traded statistics, and publishes over 350 market data indicators. Its statistics database stretches back more than 40 years, and provides information and insight into developments on global exchanges.

The WFE works with standard-setters, policy makers, regulators and government organisations around the world to support and promote the development of fair, transparent, stable and efficient markets. WFE shares regulatory authorities' goals of ensuring the safety and soundness of the global financial system, which is critical to enhancing investor and consumer confidence, and promoting economic growth.

For more information, please contact:

The World Federation of Exchanges
Phone: +44 20 7151 4150
Twitter: @WFE - investing ideas in tech stocks - mobile payments, social media, AI and Robotics, Drone Stocks, GPS, Internet of Things (IoT)

Like Tech Stocks? View our Tech Stocks Directory  Get News Alerts on Tech Stocks

More Info: Newswire

This news is published on the Newswire - a global digital news source for investors and business leaders

Disclaimer/Disclosure: is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: Learn more about publishing your news release on the newswire

Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: Global investors must adhere to regulations of each country.

Questrade Democratic Pricing - 1 cent per share, $4.95 min / $9.95 max