How Regulators Respond To FinTech : Evaluating the Different Approaches – Sandboxes and Beyond
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 f...
| Main Author: | |
|---|---|
| Format: | Working Paper |
| Language: | English |
| Published: |
World Bank, Washington, DC
2020
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/579101587660589857/How-Regulators-Respond-To-FinTech-Evaluating-the-Different-Approaches-Sandboxes-and-Beyond http://hdl.handle.net/10986/33698 |
| Summary: | 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. |
|---|