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How Regulators Respond To FinTech [electronic resource] : Evaluating the Different Approaches - Sandboxes and Beyond.

Author/Creator:
World Bank Group.
Publication:
Washington, D.C. : The World Bank, 2020.
Format/Description:
Government document
Book
Series:
Other papers.
World Bank e-Library
Other papers
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Other Title:
World Bank other research.
Local subjects:
E-Finance and E-Security. (search)
Finance and Development. (search)
Finance and Financial Sector Development. (search)
Financial Law. (search)
Financial Regulation and Supervision. (search)
Law and Development. (search)
Public Sector Development. (search)
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.
Contributor:
World Bank Group.
Publisher Number:
10.1596/33698
Access Restriction:
Restricted for use by site license.