Fintech and Regtech: Enabling Innovation While Preserving Financial Stability

16 Pages Posted: 11 Jul 2018 Last revised: 23 Oct 2018

See all articles by Douglas W. Arner

Douglas W. Arner

The University of Hong Kong - Faculty of Law

Dirk A. Zetzsche

Universite du Luxembourg - Faculty of Law, Economics and Finance; Heinrich Heine University Dusseldorf - Center for Business & Corporate Law (CBC)

Ross P. Buckley

University of New South Wales (UNSW) - Faculty of Law

Janos Nathan Barberis

The University of Hong Kong - Faculty of Law

Date Written: January 1, 2017

Abstract

The exponential growth of FinTech is forcing financial regulators around the world to reconsider how best to balance the key regulatory objectives of innovation and financial stability. This paper considers the potential role of RegTech and smart regulation in facilitating this balancing act. Financial regulators have begun to use regulatory sandboxes in many parts of the world to achieve this end, however there is a clear opportunity for a further shift towards datafied and digitized regulation.

Keywords: FinTech, financial regulators, RegTech, smart regulation, sandbox, datafied, digitized regulation

Suggested Citation

Arner, Douglas W. and Zetzsche, Dirk Andreas and Buckley, Ross P. and Barberis, Janos Nathan, Fintech and Regtech: Enabling Innovation While Preserving Financial Stability (January 1, 2017). (2017) 18(3) Georgetown Journal of International Affairs 47; UNSW Law Research Paper No. 18-41; University of Hong Kong Faculty of Law Research Paper No. 2018/036. Available at SSRN: https://ssrn.com/abstract=3211708 or http://dx.doi.org/10.2139/ssrn.3211708

Douglas W. Arner

The University of Hong Kong - Faculty of Law ( email )

Pokfulam Road
Hong Kong, Hong Kong
China

HOME PAGE: http://hub.hku.hk/rp/rp01237

Dirk Andreas Zetzsche

Universite du Luxembourg - Faculty of Law, Economics and Finance ( email )

Luxembourg, L-1511
Luxembourg

HOME PAGE: http://wwwen.uni.lu/recherche/fdef/research_unit_in_law/equipe/dirk_andreas_zetzsche

Heinrich Heine University Dusseldorf - Center for Business & Corporate Law (CBC) ( email )

Universitaetsstr. 1
D-40225 Düsseldorf
Germany
+49 211 81 15084 (Phone)
+49 211 81 11427 (Fax)

Ross P. Buckley (Contact Author)

University of New South Wales (UNSW) - Faculty of Law ( email )

Sydney, New South Wales 2052
Australia

Janos Nathan Barberis

The University of Hong Kong - Faculty of Law ( email )

Pokfulam Road
Hong Kong, Hong Kong
China

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