Why regulators must adapt to fintech

Author: Ashley Lee | Published: 2 Apr 2015

Regulators globally must build relationships with financial technology companies to monitor new market risks.

Their wariness of innovation in finance is attributed to the fact that periods of rapid financial innovation are typically followed by crises.

But the exponential growth of new market players means that it’s more difficult to judge companies on scale alone. Instead, regulators should engage with more parties to learn about new technology and how that will affect the markets.

The UK’s Financial Conduct Authority (FCA) is the leader in this space, noted Janos Barberis, founder of Fintech.HK,...


 

 

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