Regulating Fintech: Objectives, Principles, and Practices

21 Pages Posted: 10 Dec 2019

See all articles by Marlene Amstad

Marlene Amstad

Harvard Kennedy School; The Chinese University of Hong Kong, Shenzhen

Multiple version iconThere are 2 versions of this paper

Date Written: October 18, 2019

Abstract

We provide an overview and key elements on the ongoing debate of whether and how to regulate fintech. The paper reviews three objectives of financial regulation (investor protection, market integrity, safeguarding financial stability) in the context of recent fintech developments, covers three guiding principles many regulators follow (legal certainty, technology neutrality, and proportionality), and ends with a suggested synopsis of current fintech regulatory practices: “wait-and-see”, “same risk, same rules” (“duck typing”), or “new functionality, new rules” (“coding”).

Keywords: FinTech, Financial regulation, Financial institutions

JEL Classification: E61, G28, N2

Suggested Citation

Amstad, Marlene and Amstad, Marlene, Regulating Fintech: Objectives, Principles, and Practices (October 18, 2019). Available at SSRN: https://ssrn.com/abstract=3491982 or http://dx.doi.org/10.2139/ssrn.3491982

Marlene Amstad (Contact Author)

The Chinese University of Hong Kong, Shenzhen ( email )

Harvard Kennedy School ( email )

79 John F. Kennedy Street
Cambridge, MA 02138
United States

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