A reflection of the GFiN’s achievements and challenges since inception, and ambitions for the future

Gulf Times   |   June 25, 2019

Today Qatar Development Bank is pleased to announce the publication of the Global Financial Innovation Network’s (“GFIN”) “One Year On” report.


The GFiN is a network of international related organizations committed to supporting financial innovation and to create a framework for co-operation to share experiences and approaches to innovation.


The GFiN has rapidly grown over the past year from its 12 founding members, to be a global dialogue with 35 Member and 7 Observers from 21 jurisdictions. And it continues to grow.


The “GFiN – one year on report” sets out what the GFiN has been doing over the past year, the challenges it has faced, achievements, and its ambitions for the future. It is also to show that it is listening to stakeholders, and welcomes feedback in order to ensure that the GFiN continues to add value.


GFiN members look forward to the next year of engagement and to improving ways of working together for the benefit of innovative firms and other stakeholders.

Key facts:

  • 35 members and 7 observers from 21 jurisdictions.
  • 99 responses from 26 jurisdictions received in response to the initial GFiN consultation.
  • 44 applications from 17 jurisdictions for the inaugural GFiN cross-border test pilot with 8 firms being selected to develop testing plans.
  • Nearly 60 representatives attended the first biannual meeting of the GFiN held in London in May 2019.

Full list of GFIN Membership

Coordination Group

Organisation Jurisdiction
Australian Securities & Investments Commission (ASIC) Australia
Central Bank of Bahrain (CBB) Bahrain
Autorité des marchés financiers (AMF) Québec, Canada
Guernsey Financial Services Commission (GFSC) Guernsey
Hong Kong Monetary Authority (HKMA) Hong Kong
Hong Kong Securities and Futures Commission (HKSFC) Hong Kong
Astana Financial Services Authority (AFSA) Kazakhstan
Monetary Authority of Singapore (MAS) Singapore
Dubai Financial Services Authority (DFSA) United Arab Emirates
Financial Conduct Authority (FCA) United Kingdom
Consumer Financial Protection Bureau (CFPB) United States


Organisation Jurisdiction
Bermuda Monetary Authority (BMA) Bermuda
Securities and Exchange Commission of Brazil (CVM) Brazil
Alberta Securities Commission (ASC) Alberta, Canada
British Columbia Securities Commission (BCSC) British Columbia, Canada
Ontario Securities Commission (OSC) Ontario, Canada
Centrale Bank van Curaçao and Sint Maarten Curaçao and Sint Maarten
Central Bank of Eswatini Eswatini (Swaziland)
Magyar Nemzeti Bank (Central Bank of Hungary) Hungary
Isle of Man Financial Services Authority (IOMFSA) Isle of Man
Israel Securities Authority (ISA) Israel
Capital Market, Insurance, and Savings Authority (CMISA) Israel
Jersey Financial Services Commission (JFSC) Jersey
Capital Markets Authority (CMA, Kenya) Kenya
Bank of Lithuania (BL) Lithuania
South African Reserve Bank (SARB) South Africa
Financial Supervisory Commission Taiwan Taiwan
Abu Dhabi Global Market (ADGM) United Arab Emirates


Organisation Jurisdiction
Financial Sector Deepening Africa (FSD Africa) Africa
Qianhai Financial Authority China
European Bank for Reconstruction and Development (EBRD) Europe
Consultative Group to Assist the Poor (CGAP) Global
International Monetary Fund (IMF) Global
World Bank Group Global
Qatar Development Bank Qatar
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