Fintech and Payments Regulation: Analytical Framework

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  • Fintech and Payments Regulation: Analytical Framework Book Detail

  • Author : Mr.Tanai Khiaonarong
  • Release Date : 2020-05-29
  • Publisher : International Monetary Fund
  • Genre : Business & Economics
  • Pages : 38
  • ISBN 13 : 1513531492
  • File Size : 54,54 MB

Fintech and Payments Regulation: Analytical Framework by Mr.Tanai Khiaonarong PDF Summary

Book Description: Financial technology (Fintech) has prompted authorities to consider their potential financial stability benefits, risks, 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 recent international experiences in modernizing legal and regulatory frameworks for payment services. An analytical framework based on a four-step process is proposed—(i) identifying payment activities; (ii) licensing entities and designating systems; (iii) analyzing and managing risks, and (iv) promoting legal certainty. As payment activities evolve and potential systemic risks heighten, adherence to international standards and additional regulatory requirements should be warranted.

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Fintech and Financial Services

Fintech and Financial Services

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A new wave of technological innovations, often called “fintech,” is accelerating change in the financial sector. What impact might fintech have on financial