Title Page
FINTECH NOTE
Keeping Pace with Change: Fintech and the Evolution of Commercial Law
Prepared by Jose Garrido, Yan Liu, Joseph Sommer, and Juan Sebastian Viancha
January 2022
Copyright Page
©2022 International Monetary Fund
Keeping Pace with Change: Fintech and the Evolution of Commercial Law
Note 2022/001
Prepared by Jose Garrido, Yan Liu, Joseph Sommer, and Juan Sebastian Viancha
Names: Garrido, Jose Maria, 1965-, author. | Liu, Yan, 1967-, author. | Sommer, Joseph Hirsh, author. | Viancha, Juan Sebastian, author. | International Monetary Fund, publisher.
Title: Keeping pace with change: fintech and the evolution of commercial law / prepared by Jose Garrido, Yan Liu, Joseph Sommer, and Juan Sebastian Viancha.
Other titles: Fintech and the evolution of commercial law | Fintech note (International Monetary Fund).
Description: Washington, DC : International Monetary Fund, 2022. | Fintech note | January 2022 | Includes bibliographical references (page 28–29).
Identifiers: ISBN 9781616358754 (paper) | 9781616358808 (ePub) | 9781616358860 (WebPDF)
Subjects: LCSH: Financial services industry--Technological innovations-- Law and legislation. | Information technology -- Law and legislation. | Commercial law.
Classification: LCC HG173.G3 2022
Fintech Notes offer practical advice from IMF staff members to policymakers on important issues. The views expressed in Fintech Notes are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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Contents
I. Introduction
II. Business, Technology, and Law
III. The Nature and Functions of Commercial Law
IV. Overview of Developments in Fintech
A. Distributed Ledger Technology
B. Automated Contracting and Smart Contracts
C. Tokens
D. Artificial Intelligence
E. Internet of Things
V. The Impact of Digital Technology on Commercial Law
A. Registries
B. Contract Law
C. Securities and Negotiable Instruments
D. Company Law
E. Secured Transactions
F. Insolvency
VI. Conclusion: A Preliminary Agenda for Legal Change
VII. References