Trans-Atlantic Fintech Partnership May Hit Regulatory Roadblock

The launch of a financial innovation partnership between lawmakers in the UK and US was touted by leaders on both sides as the first step towards more harmonised regulatory regimes for fintechs — but experts say political wrangling may limit how much can be done.

Announced in May, the partnership between the US Department of Treasury and HM Treasury in the UK was defined by two areas of focus: dialogue on regulatory issues between the relevant departments of the two countries, and increased contact between commercial entities across the Atlantic.

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