Regulating Fintech: Objectives, Principles, and Practices

Marlene Amstad

No 1016, ADBI Working Papers from Asian Development Bank Institute

Abstract: We provide an overview and key elements on the ongoing debate of whether and how to regulate fintech. We review three objectives of financial regulation (investor protection, market integrity, safeguarding financial stability) in the context of recent fintech developments, cover three guiding principles many regulators follow (legal certainty, technology neutrality, and proportionality), and end 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 technology; digital currency (search for similar items in EconPapers)
JEL-codes: F65 G15 O16 (search for similar items in EconPapers)
Pages: 17 pages
Date: 2019-10-08
New Economics Papers: this item is included in nep-mon and nep-pay
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Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:ris:adbiwp:1016

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