This paper assesses the potential impact of FinTech on the finance industry, focusing on financial stability and access to services. I document first that financial services remain surprisingly expensive, which explains the emergence of new entrants. I then argue that the current regulatory...

This paper assesses the potential impact of FinTech on the finance industry, focusing on financial stability and access to services. I document first that financial services remain surprisingly expensive, which explains the emergence of new entrants. I then argue that the current regulatory...

Fintech developments are shaking up mandates within the existing regulatory architecture. It is not uncommon for financial sector agencies to have multiple policy objectives. Most often the policy objectives for these agencies reflect prudential, conduct and financial stability policy...

In the last 20 years, the financial services industry has witnessed dramatic changes, largely driven by globalisation, deregulation and consolidation. Technological advances helped make globalisation and consolidation feasible and encouraged deregulation. More recently, IT has accelerated the...

Chapter 1: Banking Regulation and Fintech challenges -- Chapter 2: International Standard Setting Boards -- Chapter 3: Banks Regulations and Supervision in the United States -- Chapter 4: The European Banking Authority -- Chapter 5: The Deutsche Bundesbank -- Chapter 6: The Bank of France --...

China's leapfrogging into a global legal market of FinTech and online micro-lending has historically surcharged by the government's "light-touch" regulatory approach. With the incoming tightening regulation foreshadowed by the Interim Measures for Administering Online Micro-lending Business...

Chapter 1: Intoduction -- Chapter 2: Regulation and Supervision -- Chapter 3: Plans of Central Banks -- Chapter 4: Climate Change and New Risks -- Chapter 5: Cybercrimes and Cybersecurity Regulation -- Chapter 6: Monetary Policy -- Chapter 7: Regulating Large Technology Firms -- Chapter 8: Open...

Digital technology applied to banking and financial transactions or e-finance in general has made financial services more widely available and affordable to consumers. And with appropriate and affordable technologies and applications, the financially excluded and the unserved can participate in...