Douglas W Arner, Janos Barberis (PhD Candidate) & Ross P Buckley
Issue 3 (2016)
Abstract: Now in its third major era, the fintech sector is attracting growing interest from regulators as it evolves, both in developed markets and developing countries. The regulatory challenge lies in resolving the tension between a forward-looking framework that promotes innovation, and a sufficiently rigorous framework that maintains market confidence. We argue that more experimentation and innovation in regulatory approaches is needed, and that it is too early yet to seek international regulatory harmonisation in this space. An earlier version of this paper was presented at the 21st Melbourne Money and Finance Conference.