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Examining the regulatory toolbox: comparative analysis of regulatory responses to fintech. / Шуст, Павел Михайлович; Достов, Виктор Леонидович.

In: International Journal of Engineering and Technology(UAE), 2018.

Research output: Contribution to journal › Article › peer-review

Harvard

Шуст, ПМ & Достов, ВЛ 2018, 'Examining the regulatory toolbox: comparative analysis of regulatory responses to fintech', International Journal of Engineering and Technology(UAE).

APA

Шуст, П. М., & Достов, В. Л. (2018). Examining the regulatory toolbox: comparative analysis of regulatory responses to fintech. Manuscript submitted for publication.

Vancouver

Шуст ПМ, Достов ВЛ. Examining the regulatory toolbox: comparative analysis of regulatory responses to fintech. International Journal of Engineering and Technology(UAE). 2018.

Author

Шуст, Павел Михайлович ; Достов, Виктор Леонидович. / Examining the regulatory toolbox: comparative analysis of regulatory responses to fintech. In: International Journal of Engineering and Technology(UAE). 2018.

BibTeX

@article{57ad4603c7a6486a8589786d48fca5c9,
title = "Examining the regulatory toolbox: comparative analysis of regulatory responses to fintech",
abstract = "Recent decade saw rapid changes in retail financial services that were fueled by emergence of information technologies and new players. These changes pressure regulators, including central banks, to change the way they assess and mitigate risks, in order to ensure the integrity of the financial system but at the same time support the growth of innovations. In this paper we present the comparative overview of three new tools in the regulatory toolbox aimed at regulation of information technologies in finance: regulatory sandboxes, letters of no objection and fintech accelerators. We argue that each of these tools can be used to solve different problems and one size certainly does not fit all. As media coverage may distort perceptions about the effectiveness of certain tools, regulators need to make their information technologies-related choice based on the state of the market, available resources and the challenges they face.",
author = "Шуст, {Павел Михайлович} and Достов, {Виктор Леонидович}",
year = "2018",
language = "English",
journal = "International Journal of Engineering and Technology (UAE)",
issn = "2227-524X",
publisher = "Science Publishing Corporation Inc",

}

RIS

TY - JOUR

T1 - Examining the regulatory toolbox: comparative analysis of regulatory responses to fintech

AU - Шуст, Павел Михайлович

AU - Достов, Виктор Леонидович

PY - 2018

Y1 - 2018

N2 - Recent decade saw rapid changes in retail financial services that were fueled by emergence of information technologies and new players. These changes pressure regulators, including central banks, to change the way they assess and mitigate risks, in order to ensure the integrity of the financial system but at the same time support the growth of innovations. In this paper we present the comparative overview of three new tools in the regulatory toolbox aimed at regulation of information technologies in finance: regulatory sandboxes, letters of no objection and fintech accelerators. We argue that each of these tools can be used to solve different problems and one size certainly does not fit all. As media coverage may distort perceptions about the effectiveness of certain tools, regulators need to make their information technologies-related choice based on the state of the market, available resources and the challenges they face.

AB - Recent decade saw rapid changes in retail financial services that were fueled by emergence of information technologies and new players. These changes pressure regulators, including central banks, to change the way they assess and mitigate risks, in order to ensure the integrity of the financial system but at the same time support the growth of innovations. In this paper we present the comparative overview of three new tools in the regulatory toolbox aimed at regulation of information technologies in finance: regulatory sandboxes, letters of no objection and fintech accelerators. We argue that each of these tools can be used to solve different problems and one size certainly does not fit all. As media coverage may distort perceptions about the effectiveness of certain tools, regulators need to make their information technologies-related choice based on the state of the market, available resources and the challenges they face.

M3 - Article

JO - International Journal of Engineering and Technology (UAE)

JF - International Journal of Engineering and Technology (UAE)

SN - 2227-524X

ER -

ID: 35577710