FINRA, the self-regulatory group for US brokers, is to host a blockchain occasion in New York subsequent month.
Dubbed the Blockchain Symposium, the occasion will likely be held on the Park Central Hotel on 13th July, the group announced this week. The lineup contains representatives from regulatory companies together with the US Securities and Exchange Commission and the Office of the Comptroller of the Currency.
FINRA’s occasion announcement got here in tandem with the launch of its new Innovation Outreach Initiative, which, in accordance to an announcement, will operate as a sort of communication hub for members who’re coping with new monetary applied sciences, together with blockchain. According to its website, greater than 600,00zero brokers in the US are a part of FINRA.
Specific parts of the trouble embody the creation of a Fintech Industry Committee, in addition to the kick-off of regional roundtables for FINRA members to collaboratively focus on technological shifts.
“The Innovation Outreach Initiative will enable us to better track fintech developments across the rapidly changing industry environment in order to support innovation in the industry while maintaining investor protection and market integrity,” Robert Cook, FINRA’s president and CEO, mentioned in an announcement.
FINRA has beforehand highlighted how its mandate – and the foundations by which its members adhere – might face change in the close to future. Back in January, FINRA mentioned in a report that lots of its guidelines, in addition to these superior by regulators such because the SEC, “are potentially implicated by various DLT applications”.
FINRA picture by way of Andriy Blokhin/Shutterstock