Narrow Your Choices

Refine By Countries

Refine By Topic

Refine By Series

Refine By Language

Refine By Date

—

Refine By IMF Taxonomy

Refine By JEL Taxonomy

Refine by LOC Taxonomy

Refine By THEMA Taxonomy

  • Print
  • Save

Browse

You are looking at 1 - 1 of 1 items for :

  • Type: Journal Issue x
  • Financial Institutions and Services: Government Policy and Regulation x
  • Industries: Financial Services x
  • Finance and accounting x
  • FinTech Notes x
  • Financial Institutions and Services: General x
Clear All Modify Search
Cover FinTech Notes
Institutional Arrangements for Fintech Regulation and Supervision
Mr. Charles R Taylor, Christopher Wilson, Eija Holttinen, and Anastasiia Morozova
Fintech developments are shaking up mandates within the existing regulatory architecture. It is not uncommon for financial sector agencies to have multiple policy objectives. Most often the policy objectives for these agencies reflect prudential, conduct and financial stability policy objectives. In some cases, financial sector agencies are also allocated responsibility for enhancing competition and innovation. When it comes to fintech, countries differ to some extent in the manner they balance the objectives of promoting the development of fintech and regulating it. Countries see fintech as a means of achieving multiple policy objectives sometimes with lesser or greater degrees of emphasis, such as accelerating development and spurring financial inclusion, while others may support innovation with the objective of promoting competition and efficiency in the provision of financial services. This difference in emphasis may impact institutional structures, including the allocation of staff resources. Conflicts of interest arising from dual roles are sometimes managed through legally established prioritization of objectives or establishment of separate internal reporting lines for supervision and development.
Keywords:
FTN; fintech firm; fintech unit; Fintech development; fintech issue; fintech policy objective; fintech development; Fintech responsibility; fintech innovation; Fintech; Institutional arrangements for revenue administration; Financial sector; Global; Fintech regulation; SupervisionInstitutional arrangement; arrangements for Fintech regulation