Financial regulation of FinTech
Philip Treleaven
Additional contact information
Philip Treleaven: University College London
Journal of Financial Perspectives, 2015, vol. 3, issue 3, 114-121
Abstract:
Effective financial regulation is clearly crucial to innovation and the future success of the financial services industry and, in specific, FinTech. 1 There are also unprecedented opportunities for reforming regulation and also creating new businesses in the process. Examples include: using “big data” regulatory online reporting and analytics to streamline reporting; and stimulating a new generation of “RegTech” companies to provide the regulatory/compliance software. This paper reviews the current regulatory pressures faced by the financial services industry, and discusses new “big data” approaches to regulating financial companies. Three actions are highlighted: a) an open-source platform for FinTech regulation, b) a regulatory XML to help standardize reporting and c) an overarching international standards body. Lastly, we examine responses by the U.K. Financial Conduct Authority (FCA), such as Project Innovate.
Keywords: FinTech; financial regulations (search for similar items in EconPapers)
JEL-codes: G10 G18 (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations: View citations in EconPapers (12)
There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:ris:jofipe:0090
Access Statistics for this article
Journal of Financial Perspectives is currently edited by Ms Alina Stefan
More articles in Journal of Financial Perspectives from EY Global FS Institute 1 More London Place, London SE1 2AF, UK.
Bibliographic data for series maintained by Ms Alina Stefan ( this e-mail address is bad, please contact ).