Towards a practical approach to responsible innovation in finance: New Product Committees revisited

Margaret Armstrong (), Guillaume Cornut, Stéphane Delacôte, Marc Lenglet (), Yuval Millo, Fabian Muniesa, Alexandre Pointier and Yamina Tadjeddine
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Margaret Armstrong: CERNA i3 - Centre d'économie industrielle i3 - Mines Paris - PSL (École nationale supérieure des mines de Paris) - PSL - Université Paris Sciences et Lettres - I3 - Institut interdisciplinaire de l’innovation - CNRS - Centre National de la Recherche Scientifique
Yuval Millo: LSE - London School of Economics and Political Science

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Abstract: Purpose – The purpose of this paper is to highlight the potentials offered by New Product Committees for the development of responsible innovation in the financial services industry; and to provide grounds for policy recommendations. Design/methodology/approach – The paper takes the form of collective, interdisciplinary reflection and experience within the industry. Findings – New Product Committees can serve a practical approach to responsible innovation in finance. Originality/value – The paper fills a gap in the empirical consideration of New Product Committees in the financial services industry and proposes original directions for policy orientations within organizations and at a regulatory level.

Keywords: Financial innovation; New product committees; Regulation; Responsibility; Financial services; Financial institutions; Product innovation (search for similar items in EconPapers)
Date: 2012
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Published in Journal of Financial Regulation and Compliance, 2012, 20 (2), pp.147-168. ⟨10.1108/13581981211218289⟩

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Working Paper: Towards a practical approach to responsible innovation in finance: New Product Committees revisited (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-01113060

DOI: 10.1108/13581981211218289

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