The regulatory sandbox is a real world alternative to regulatory lag. Its emergence as a novel regulatory development …-based regulation, distinguished by a regulatory approach that is concerned with actively supporting innovators in nurturing cutting …

regulation. It proceeds by identifying four “interdependence problems” relating to harmonization of financial standards, capital … regulation than are efforts to reduce losses from financial instability, which will likely continue to be ineffective despite … to centrally administer international financial regulation are unlikely to succeed, because they misstate the underlying …

, and effective regulation. Recent developments suggest that regulatory approaches and their legal foundations need to … augment entity-based regulation with increasing focus on activities and risks as market structure changes. This paper draws on …

world, including the UK, Kenya, Australia, South Africa, the Financial Stability Board, and the International Monetary Fund …

This paper analyses the challenges for financial regulation posed by new financial technologies. It provides a … decentralised finance without intermediaries. Four possible responses are identified: enhancing or adapting existing regulation …, developing new regulation, reducing barriers to entry and exit and monitoring and regulating the ‘permissionless …

regulation by the Fed as standalone entities. Banks, central bankers, and national regulators from around the world have …