Adapting to Change: Regulatory and Legal Innovations in Credit Markets

Frank J. Fabozzi

Chapter 7 in Credit Market Innovations:How Institutions, Technology, and Regulation Are Reshaping Global Lending, 2026, pp 203-233 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The following sections are included:Introduction: How Regulation Shapes Modern Credit MarketsThe Role of Regulatory Bodies in Shaping Credit MarketsThe Role of Regulation in Credit MarketsBankruptcy Codes: Protecting Creditors and DebtorsBankruptcy in ancient civilizationsEnglish bankruptcy law in the Middle AgesThe US bankruptcy codeInternational perspectives on bankruptcy codesThe economic role of bankruptcy codes in financial crisesCriticisms and calls for reformThe Basel Accords: Ensuring Bank Stability and Capital AdequacyConsumer Credit Protection: Safeguarding BorrowersRegulatory and Legal Innovations in Response to Financial CrisesTechnological Innovations and Legal AdaptationBalancing Innovation with Stability: Key Lessons from Past Innovations and CrisesThe need for effective risk managementBalancing regulation and innovationThe role of transparency and disclosureLearning from systemic risks and market failuresRegulatory Challenges in Emerging Credit Market ModelsPeer-to-peer lending and digital credit platformsDeFi and blockchainCryptocurrencies and the regulation of digital assetsThe role of regulators in emerging credit marketsSummary

Keywords: Credit; Innovation; Lending; Technology; Regulation; Risk; Institutions; Markets; Credit Risk; Securitization; Credit Scoring; Fintech; Private Credit; Structured Finance; Credit Instruments; Blockchain; Artificial Intelligence; Machine Learning; Stress Testing; Risk Models; Debt Markets; Digital Lending; Central Banks; Financial Regulation; Credit Cycles; Institutional Investors; Capital Markets; Credit Products; Legal Innovation; Market Structure; ESG; Macroprudential; Asset-backed Securities; CLOs; Credit Analytics; Big Data; Data Privacy; Financial Technology; Underwriting; Alternative Data; Credit Access; Risk Management; Credit Derivatives; Distributed Ledger; Tokenization; DeFi; Credit Enhancement; Yield Curves; Credit Spreads; Default Risk; Credit Innovation; Loan Syndication; Legal Frameworks; Compliance; Basel III; Systemic Risk; Lending Platforms; SME Lending; Consumer Credit; Mortgage-backed Securities; Securitized Products; Credit Performance; Credit Transformation; Credit Monitoring; Algorithmic Lending; Digital Identity; Financial Inclusion; Credit Exposure; Peer-to-peer Lending; Nonbank Lenders; Financial Infrastructure; Payment Systems; Real-time Data; Financial Resilience; Geopolitical Risk; Regulatory Arbitrage; Collateral; Capital Requirements; Loan Origination; Portfolio Risk; Operational Risk; Credit Risk Transfer; Data Analytics; Transparency; Investor Protection; Risk-adjusted Returns; Rating Agencies; Credit Default Swaps; Legal Risk; Structured Credit; Lending Innovation; Compliance Tech; Stress Scenarios; AI Credit Modeling; Privacy Laws; Quant Credit Models; Credit Policy; Regulatory Innovation; Market Transparency; Cyber Risk; Default Models (search for similar items in EconPapers)
JEL-codes: D82 G21 G28 G32 O33 (search for similar items in EconPapers)
Date: 2026
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