On 7 August, 2018, the UK’s Financial Conduct Authority (FCA) announced that it has, in collaboration with 11 other financial regulators and related organisations, including the Monetary Authority of Singapore and the Hong Kong Monetary Authority, created the Global Financial Innovation Network (GFIN) to provide a more efficient way for innovative firms operating in multiple jurisdictions to interact with regulators. The GFIN encourages innovative financial services firms, financial services regulators, technology companies, technology providers, trade bodies, accelerators, consumer groups and other stakeholders to read and respond to the various questions it poses in the consultation document.