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FinTech and RegTechEnabling Innovation While Preserving Financial Stability
- Georgetown Journal of International Affairs
- Georgetown University Press
- Volume 18, Number 3, Fall 2017
- pp. 47-58
- 10.1353/gia.2017.0036
- Article
- Additional Information
Abstract:
The authors propose a new regime of regulatory systems in response to the growth of financial technology to balance innovation with objectives for economic development, financial stability, and consumer protection. This regime, called "smart regulation," requires a comprehensive review of current regulatory frameworks and systems. Smart regulation also involves technology for regulation, includes digitization of systems, and leverages advanced analytics and data.