Our Website Uses Cookies 

We and the third parties that provide content, functionality, or business services on our website may use cookies to collect information about your browsing activities in order to provide you with more relevant content and promotional materials, on and off the website, and help us understand your interests and improve the website.

For more information, please contact us or consult our Privacy Notice.

Your binder contains too many pages, the maximum is 40.

We are unable to add this page to your binder, please try again later.

This page has been added to your binder.

American Regulators Playing FinTech Catch-Up

June 15, 2017, Law360

Michael Nonaka is quoted in a Law360 article examining how U.S. regulators are fostering fintech innovation. According to Nonaka, the CFTC and FINRA initiatives are important steps to get the agencies up to speed on fintech issues. “It’s certainly a step forward, it’s a step in the right direction for the regulators to be able to do new initiatives that will help the fintech industry,” he says. “But it’s by no means assured that what the CFTC and FINRA are doing will ultimately help the fintech industry. This is a first step.”

However, Nonaka adds that there is room to grow. “I don’t think that the level of coordination needed among regulators to effect truly helpful fintech innovation has been achieved or is close to being achieved."


Share this article: