BCs do Brasil and Hong Kong sign cooperation agreement for fintechs

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The Central Bank of Brazil and the Hong Kong Monetary Authority (HKMA) have signed a cooperation agreement in the area of fintechs, which provides for collaboration between the two institutions in guiding innovative companies, sharing information and experiences and joint innovation projects. The document was signed Sunday in Basel, Switzerland by Ilan Goldfajn and Norman Chan, chief executive of HKMA. "The cooperation agreement involves sharing experiences and best practices and will allow us not only to monitor technological changes in financial markets from a broader perspective, but also to adapt the regulatory environment to innovative business models," Ilan said in a statement. for his advice. Ilan participates on Monday of the second day of the bimonthly meeting of central bank presidents of the International Bank for Compensation (BIS). On Tuesday, he will be back in Brazil.

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