How Regulators Respond To FinTech

• Ngôn ngữ: eng
• Ký hiệu phân loại: 332.17 Banking services
• Thông tin xuất bản: World Bank, Washington, DC, 2020
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 299925
• Chủ đề: 1. FINANCIAL REGULATION; 2. FINANCIAL TECHNOLOGY; 3. FINTECH LAW; 4. FINTECH REGULATION; 5. INNOVATION HUB; 6. PAYMENT INFRASTRUCTURE

Tóm tắt

This paper provides an overview of different regulatory approaches to Fintech and provides guidance for policymakers to understand the benefits and limitations of each. While some Fintech activities can often be covered within existing regulatory frameworks, the majority of jurisdictions are taking or planning to take additional regulatory measures to respond to emerging Fintech services, the scope and scale of which vary substantially including new laws, Innovation Offices, Regulatory Sandboxes and even reskilling to respond to transforming environment. The report provides context on the relative appropriateness of each approach within jurisdictions, including relevant variables for consideration, and uses country case studies where appropriate to showcase and enable policymakers to draw from lessons learned across the globe.