SOME ASPECTS OF REGULATORY OPTIMIZATIONS IN THE FINANCIAL SECTOR
Stefan Vachkov (vachkov@ue-varna.bg) and
Nedyalko Valkanov (n.valkanov@ue-varna.bg)
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Stefan Vachkov: University of Economics – Varna, Department of Finance
Nedyalko Valkanov: University of Economics – Varna, Department of Finance
Economics and Management, 2021, vol. 18, issue 1, 1-18
Abstract:
Rapid development of the high technologies sector undoubtedly reflects the present-day financial regulation. Innovations like blockchain, cloud computing and artificial intelligence underlie the foundations of newly appeared RegTech firms and SupTech initiatives and quickly appear in the toolbox of contemporary financial supervision. The article examines some key trends related to their involvement and implementation by financial institutions and supervisors. Several arguments supporting the thesis for gradual transition to a more integrated and interactive model of financial regulation, characterized by a change from institutional to platform financial regulatory infrastructure, are presented.
Keywords: financial regulations; blockchain; artificial intelligence; big data; FinTech; RegTech; SupTech (search for similar items in EconPapers)
JEL-codes: G18 G28 O30 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:neo:journl:v:18:y:2021:i:1:p:1-18
DOI: 10.37708/em.swu.v18i1.1
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