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Cross-Border Cooperation in Financial Regulation: Crossing the Fintech Bridge

Capital Markets Law Journal, Vol. 13, No. 1, pp. 59-84, 2018

24 Pages Posted: 28 Jan 2018  

Lev Bromberg

The University of Melbourne

Andrew Godwin

Melbourne Law School

Ian Ramsay

Melbourne Law School - University of Melbourne

Date Written: January 18, 2018

Abstract

This article examines the implications of the rise of Fintech for achieving effective cooperation in the area of financial regulation. While the disruptive and transformative impacts of Fintech pose significant challenges for domestic regulators, Fintech also presents opportunities to enhance cross-border regulatory cooperation, which is particularly important in an increasingly complex globalised financial economy. To provide insights into the way in which regulatory cooperation in relation to Fintech can evolve, we examine the role played by domestic regulators and the International Organization of Securities Commissions in establishing a cross-border securities enforcement framework. We show how the initial steps by financial regulators to enter into bilateral Fintech agreements have the potential to translate into more substantial and wide-reaching cooperative arrangements.

Keywords: Fintech, financial regulation, innovation, financial services, technology, regulatory cooperation, International Organization of Securities Commissions

Suggested Citation

Bromberg, Lev and Godwin, Andrew and Ramsay, Ian, Cross-Border Cooperation in Financial Regulation: Crossing the Fintech Bridge (January 18, 2018). Capital Markets Law Journal, Vol. 13, No. 1, pp. 59-84, 2018. Available at SSRN: https://ssrn.com/abstract=3105141

Lev Bromberg

The University of Melbourne ( email )

185 Pelham Street Carlton Victoria 3053
Melbourne, Victoria 3010
Australia

Andrew Godwin

Melbourne Law School ( email )

185 Pelham Street, Carlton, Victoria 3053
Melbourne, Victoria 3010
Australia

Ian Ramsay (Contact Author)

Melbourne Law School - University of Melbourne ( email )

University Square
185 Pelham Street, Carlton
Victoria, Victoria 3010
Australia
+61 3 8344 5332 (Phone)

HOME PAGE: http://law.unimelb.edu.au/about/staff/ian-ramsay

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