General Observations

Valerio Lemma
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Valerio Lemma: Marconi University

Chapter Chapter 2 in FinTech Regulation, 2020, pp 11-75 from Springer

Abstract: Abstract This chapter addresses the definition of fintech and its fundamental elements: modernization, business innovation, new services and networking. It analyses the definitions provided by international bodies (FSB, G20, etc.) in order to understand their usefulness for regulatory purposes. It also highlights the role of public intervention that considers the impact of fintech on the supply and demand of credit, financial services and insurance. This assesses the supervision required to correct market failures and protect individual rights. Taking into account the most recent market trends, this chapter also considers the U.S. regulation of fintech (or rather, deregulation of the alternatives to banking), the British approach (considering Brexit) and the interest of Switzerland for establishing a regulatory haven for ‘fintechers’.

Keywords: Innovation; Financial industry; Fintech; Deregulation; Brexit; Capital market (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-42347-6_2

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DOI: 10.1007/978-3-030-42347-6_2

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