innovations. Although justified and necessary, this systems-based strategy discounts the reality that U.S. financial regulation is … financial innovation, and equip policymakers with necessary empirical data. Our empirical study compares how the SEC and the … reaction to regulation may be explained by who enforces substantive law (the CFTC or the SEC). We provide theoretical …

Innovation and technology have led to the redefinition of business models and development of new ones in many bricks … driving innovation. …