Fintech as a Facilitator for the Capital Market Union?

18 Pages Posted: 16 Aug 2018 Last revised: 21 Sep 2018

See all articles by Alexandra Andhov

Alexandra Andhov

University of Copenhagen - Faculty of Law; University of Copenhagen - Centre for Private Governance (CEPRI)

Date Written: August 15, 2018

Abstract

FinTech is the word that has been receiving a lot of attention recently. This term originates from the merger of “finance” and “technology”. It represents an innovative and emerging field that affects the future of financial markets. Innovation in diverse formats and contents has been the driving force of any financial market. Yet, now the innovation seems to be more than a driving force. It might have become the key for a survival. Modern financial regulation has been predominantly economically driven, progressing from addressing market failures to creating more efficient, competitive and reliable markets. The European Union has for number of decades been struggling with creating a true integrated single market for financial services. Investors, professional or retail, often have lacked trust in non-domestic or cross-border products, whereas financial institutions, unless sufficiently robust, remain active only in their known (domestic or regional) territories and the capital market remains cleft. This paper argues that with adequate regulation of FinTech in the European Union, the Union could finally bridge the divide and finally establish an effective capital market.

Keywords: European Union, FinTech, trust, sandbox, regulation

JEL Classification: K22

Suggested Citation

Andhov, Alexandra, Fintech as a Facilitator for the Capital Market Union? (August 15, 2018). Nordic & European Company Law Working Paper No. 18-15, University of Copenhagen Faculty of Law Research Paper No. 2018-63, Available at SSRN: https://ssrn.com/abstract=3232710 or http://dx.doi.org/10.2139/ssrn.3232710

Alexandra Andhov (Contact Author)

University of Copenhagen - Faculty of Law ( email )

Studiestraede 6
Studiestrade 6
Copenhagen, DK-1455
Denmark

University of Copenhagen - Centre for Private Governance (CEPRI) ( email )

Karen Blixens Vej 16
Copenhagen, 2300
Denmark

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