A Regulatory Diagnostic Toolkit for Digital Financial Services in Emerging Markets

(2018) 34 Banking and Finance Law Review 1

UNSW Law Research Paper No. 19-33

30 Pages Posted: 2 May 2019

See all articles by Louise Malady

Louise Malady

University of New South Wales (UNSW) - UNSW Law & Justice

Ross P. Buckley

University of New South Wales (UNSW) - UNSW Law & Justice

Anton N. Didenko

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

Cheng-Yun (CY) Tsang

Monash University - Faculty of Law

Date Written: December 1, 2018

Abstract

Digital financial services (DFS) present an unprecedented opportunity to improve financial inclusion and economic development. However, these innovative services can prove challenging for regulators, particularly in developing countries. This article proposes a comprehensive analytical framework – a Regulatory Diagnostic Toolkit (RDT) – designed to support financial regulators in emerging markets in their efforts to assess, adapt and advance their regulatory regimes for DFS. The RDT’s detailed methodology is built around two key objectives: (i) supporting innovative DFS and (ii) avoiding overregulation.

Keywords: Digital financial services, DFS, Regulatory Diagnostic Toolkit, RDT, developing countries, financial regulation, financial inclusion, economic development, overregulation

Suggested Citation

Malady, Louise and Buckley, Ross P. and Didenko, Anton N. and Tsang, Cheng-Yun (CY), A Regulatory Diagnostic Toolkit for Digital Financial Services in Emerging Markets (December 1, 2018). (2018) 34 Banking and Finance Law Review 1, UNSW Law Research Paper No. 19-33, Available at SSRN: https://ssrn.com/abstract=3380885 or http://dx.doi.org/10.2139/ssrn.3380885

Louise Malady

University of New South Wales (UNSW) - UNSW Law & Justice ( email )

Kensington, New South Wales 2052
Australia

Ross P. Buckley (Contact Author)

University of New South Wales (UNSW) - UNSW Law & Justice ( email )

Sydney, New South Wales 2052
Australia

Anton N. Didenko

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

Kensington, New South Wales 2052
Australia

Cheng-Yun (CY) Tsang

Monash University - Faculty of Law ( email )

Melbourne
Australia

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