Compliance, Technology, and Modern Finance

11 Brook. J. Corp. Fin. & Com. L. 159 (2016)

Temple University Legal Studies Research Paper No. 2017-06

24 Pages Posted: 25 Jan 2017 Last revised: 21 Apr 2017

See all articles by Tom C. W. Lin

Tom C. W. Lin

Temple University - James E. Beasley School of Law

Date Written: 2016

Abstract

An important transformation is happening in the financial industry. The rise of new technology and compliance has dramatically altered many of the key functions and functionaries of modern finance. Artificial intelligence, algorithmic programs, and supercomputers, instead of human actors, now constitute the core of many financial operations. At the same time, compliance officers have become just as critical to financial institutions as traders, bankers, and analysts. Finance as we knew it has changed and continues to change.

This symposium Article offers a studied commentary on these unfolding changes, the crosscutting developments in compliance, technology, and modern finance. It examines the concurrent and intersecting ascents of new financial technology and compliance as well as the potential perils linked with their ascents. It also highlights the larger implications of the changing landscape of finance associated with the growing roles of new technology and compliance. In particular, it focuses on the challenges of financial cybersecurity, the integration of technology and compliance, and the role of humans in the future of modern finance. In sum, this Article hopes to serve as a thoughtful account for thinking anew about the future of compliance, technology, and modern finance.

Keywords: Compliance, FinTech, Financial Regulation, Securities Regulation, Corporate Law, Artificial Intelligence, Cybersecurity, Systemic Risk, Algorithmic Trading, Law and Technology

Suggested Citation

Lin, Tom C. W., Compliance, Technology, and Modern Finance (2016). 11 Brook. J. Corp. Fin. & Com. L. 159 (2016), Temple University Legal Studies Research Paper No. 2017-06, Available at SSRN: https://ssrn.com/abstract=2904664

Tom C. W. Lin (Contact Author)

Temple University - James E. Beasley School of Law ( email )

1719 N. Broad Street
Philadelphia, PA 19122
United States

HOME PAGE: http://https://www.law.temple.edu/contact/tom-lin/

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