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FinTech and RegTech in a Nutshell, and the Future in a Sandbox
| Content Provider | Semantic Scholar |
|---|---|
| Author | Arner, Douglas W. Barberis, Janos Nathan Buckley, R. Philip |
| Copyright Year | 2017 |
| Abstract | The 2008 global financial crisis represented a pivotal moment that separated prior phases of the development of financial technology (FinTech) and regulatory technology (RegTech) from the current paradigm. Today, FinTech has entered a phase of rapid development marked by the proliferation of startups and other new entrants, such as IT and ecommerce firms that have fragmented the financial services market. This new era presents fresh challenges for regulators and highlights why the evolution of FinTech necessitates a parallel development of RegTech. In particular, regulators must develop a robust new framework that promotes innovation and market confidence, aided by the use of regulatory "sandboxes." Certain RegTech developments today are highlighting the path toward another paradigm shift, which will be marked by a reconceptualization of the nature of financial regulation. This paper is included in "CFA Institute Research Foundation Review 2017" https://ssrn.com/abstract=3483784. |
| File Format | PDF HTM / HTML |
| DOI | 10.2139/ssrn.3088303 |
| Alternate Webpage(s) | http://vanfunding.com/wp-content/uploads/2017/10/1_CFA_ResearchFoundation_FinTechRegTech_Nutshell_Jul2017.pdf |
| Alternate Webpage(s) | https://www.cfainstitute.org/-/media/documents/article/rf-brief/rfbr-v3-n4-1.ashx |
| Alternate Webpage(s) | https://doi.org/10.2139/ssrn.3088303 |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |