Congratulations to Douglas Arner, who together with colleagues from the University of New South Wales, Ross Buckley and Colin Picker, and Tillman Bruett (of the UN Capital Development Fund), are the chief investigators of a new 2015 Linkage Project funded by the Australian Research Council (ARC). The combined funding received from the ARC and UN Capital Development Fund is A$1,072,852 (HK$6.2M). The project, funded from 2015 to 2018, aims to develop a regulatory regime for Australian digital financial services with implications for developing countries. The full description is as follows:
This project aims to draw on regulatory developments abroad to develop an innovative, proportional, incremental regulatory regime for Australian digital financial services (DFS). DFS are set to grow rapidly in Australia, just as they have overseas. An effective and appropriate regulatory regime should result in a more competitive and efficient payments system that will lift productivity and economic growth. The project also intends to analyse and resolve regulatory roadblocks to the growth of DFS in developing countries to promote financial inclusion and economic growth, and thereby reduce poverty, in such countries.