Fintech and Regtech: Enabling Innovation While Preserving Financial Stability
(2017) 18(3) Georgetown Journal of International Affairs 47
16 Pages Posted: 11 Jul 2018 Last revised: 7 May 2020
Date Written: January 1, 2017
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
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