An agreement between the New York State Department of Financial Services and the French Autorite de Controle Prudentiel et de Resolution aims to encourage innovation and help fintechs get to market quicker. The agencies will “also exchange information about regulatory and policy issues, and ensure fintech startups in each other’s jurisdiction receive equivalent levels of support and are provided regulatory and supervisory expertise,” according to the article.
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French, NY Regulators Team up to Speed Fintechs to Market
French and American regulators have agreed to work toward making it easier for fintech innovators to crack their respective markets. So reports Coindesk.
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