Regtech, Suptech and Beyond: Innovation in Financial Services
First published:
If you are a Risk.net subscriber you are entitled to 20% off your Risk books purchases. Please email enquiries@riskbooks.com for more information.
As part of your Risk.net subscription you are entitled to 20% off all of your Risk Books purchases. If you would like to place an order please email enquiries@riskbooks.com
Regulatory sandboxes: Innovation and financial inclusion
Carmelle Cadet
Foreword
Preface
Preface
Introduction: Suptech/regtech defined: Payments, sandboxes and beyond
The uncertain prudential treatment of cryptoassets
US regulatory certainty versus uncertainty for crypto and blockchain
Bermuda: Suptech and regtech supporting the risk-based approach
Suptech: A new era of supervisory philosophy
Cloud computing in the financial sector: A global perspective
DeFi protocol risks: The paradox of cryptofinance
IT transformation in the Prudential Authority of South Africa: A case study
Making the vision a reality: Perspectives from the Monetary Authority of Singapore
Lessons from Hong Kong through the lens of the HKMA
Technological change: Is it different this time?
The ECB’s suptech innovation house: Paving the way for digital transformation of banking supervision
China’s financing opening up and regulatory convergence with the world
Disclosures and market discipline: The promise of regtech
Regtech and new derivatives developments
Fintech and regtech: Leading the evolution and regulation of alternative investments
The role of artificial intelligence and big data in investment management
The promise and challenges of machine learning in finance
Data privacy and alternative data
Digital ID and financial inclusion
Strategic technology: Regulation and innovation of CBDCs
Regulatory sandboxes: Innovation and financial inclusion
Technology and sandbox development innovation in a transitional market: A case study
Developing the regulatory ecosystem: The evolution of stablecoin
Central bank digital currency, regtech and suptech
Digital dollar: Cryptocurrency for everyday commerce
CFTC regtech implications for virtual currency trading
Fintech, regtech, suptech and central bank decision making
The pressure to innovate and transform financial services comes at a cost. Central banks are continually tasked with designing strategic innovation frameworks, often without solid political commitment or the resources to foster implementation. Efforts to facilitate and enact national objectives, ranging from promoting job growth to enhancing financial and economic inclusion, represent common objectives. Pervasive challenges for central banks, in both transactional and developed markets, often reflect institutional and political roadblocks to implementation.
This chapter will describe sandbox innovation platforms and initiatives that can provide an actionable solutions. More than 30 countries are in various stages of informing and executing an action strategy to foster goals with a regulatory sandbox. Therefore, this chapter will also focus on how regulators can use application programming interfaces (APIs) and blockchain technology given their broad popularity in both payments and banking sectors, as well as their potential in digital currencies.
REGULATORY SANDBOX AS A CATALYST FOR FINANCIAL INCLUSION
Traditionally, a sandbox has been defined as follows. “A regulatory
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@risk.net
