Building Regulatory And Supervisory Technology Ecosystems

Author : Asian Development Bank
Publisher : Asian Development Bank
ISBN 13 : 9292696742
Total Pages : 106 pages
Book Rating : 4.40/5 ( download)

DOWNLOAD NOW!

Download or read book Building Regulatory and Supervisory Technology Ecosystems written by Asian Development Bank and published by Asian Development Bank. This book was released on 2022-08-01 with total page 106 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication explores the use of regulatory technology (regtech) in finance. It discusses how to design an optimal architecture, alongside policy considerations for an integrated regtech and supervisory technology ecosystem. It highlights the interaction of industry use of technology in compliance and risk management; regulator and supervisor use of technology for supervision, monitoring, and enforcement; and use of technology to embed regulatory requirements and systems into financial infrastructure. The publication introduces key policy frameworks that enable ecosystem relationships at national, regional, and international levels, and showcases vital agile data management and standardization frameworks.

Author : Lech Gąsiorkiewicz
Publisher : Taylor & Francis
ISBN 13 : 1000630285
Total Pages : 195 pages
Book Rating : 4.82/5 ( download)

DOWNLOAD NOW!

Download or read book Digital Finance and the Future of the Global Financial System written by Lech Gąsiorkiewicz and published by Taylor & Francis. This book was released on 2022-08-25 with total page 195 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers an in-depth analysis of the most salient features of contemporary financial systems and clarifies the major strategic issues facing the development of digital finance. It provides insight into how the digital finance system actually works in a socioeconomic context. It presents three key messages: that digital transformation will change the financial system entirely, that the State has a particularly important role to play in the whole process and that consumers will be offered more opportunities and freedom but simultaneously will be exposed to more risk and challenges. The book is divided into four parts. It begins by laying down the fundamentals of the subsequent analysis and offers a deep understanding of digital finance, including a topology of the key technologies applied in the transformation process. The next part reviews the challenges facing the digital State in the new reality, the digitalization of public finance and the development of digitally relevant taxation systems. In the third part, digital consumer aspects are discussed. The final part examines the risks and challenges of digital finance. The authors focus their attention on three key developments in financial markets: accelerated growth in terms of the importance of algorithms, replacing existing legal regulations; the expansion of cyber risk and its growing impact and finally the emergence of new dimensions of systemic risk as a side effect of financial digitalization. The authors supplement the analysis with a discussion of how these new risks and challenges are monitored and mitigated by financial supervision. The book is a useful, accessible guide to students and researchers of finance, finance and technology, regulations and compliance in finance.

Author : Parma Bains
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 47 pages
Book Rating : 4.61/5 ( download)

DOWNLOAD NOW!

Download or read book Regulating the Crypto Ecosystem written by Parma Bains and published by International Monetary Fund. This book was released on 2022-09-26 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: Unbacked crypto assets are the oldest and most popular type of crypto assets, relying not on any backing asset for value but instead on supply and demand. They were originally developed to democratize payments but are mostly used for speculation. Crypto assets were designed to disintermediate financial services, but centralized entities, such as exchanges and wallet providers, offer key functions to users and sustain the necessity of trust in one or several entities. At present, many of these entities are not covered by existing conduct, prudential, or payment regulations and can generate risks to market integrity, market conduct, and potential financial stability. We recommend that global bodies work to develop common taxonomies that can inform global and cross-sectoral standards while improving data insights. Standards should be risk-based, with greater requirements on entities and activities that generate more risk. Crypto asset service providers that deliver core functions and generate key risks should be licensed, registered, or authorized.

Author : Mr. Govind Singh
Publisher : Ink of Knowledge
ISBN 13 : 9358261145
Total Pages : 123 pages
Book Rating : 4.41/5 ( download)

DOWNLOAD NOW!

Download or read book FINANCIAL TECHNOLOGY (FinTech): New Way of Doing Business written by Mr. Govind Singh and published by Ink of Knowledge. This book was released on 2023-08-06 with total page 123 pages. Available in PDF, EPUB and Kindle. Book excerpt: FINTECH's books are a major guide to the financial technology revolution and the turmoil, innovation and opportunities within it. Written by renowned sort leaders in the world's fin-tech investment space, this book brings together insights from different industries into one informative volume that leverages this profitable market for entrepreneurs, bankers and investors. We will provide you with the answers you need to do. Key industry developments are detailed and important insights from cutting-edge practitioners provide direct information and lessons learned. The fin-tech industry is booming and entrepreneurs, bankers, advisors, investors and wealth managers are looking for more information. Who are the main players? What is driving explosive growth? What are the risks? This book summarizes insights, knowledge, and guidance from industry experts and provides answers to these questions. • Learn about the latest industry trends • Capturing the market dynamics of the "Fin-tech Revolution" • Understand the potential of the sector and its impact on related industries • Gain expert insights on investment and entrepreneurial opportunities The fin-tech market reached more than $ 14 billion in 2014, triple the previous year. New startups are emerging faster than ever, forcing large banks and insurers to step up their digital operations to survive. The fin-tech sector is booming and the fin-tech book is the first crowd source book on this subject anywhere in the world and is a valuable resource for anyone working or interested in this area.

Author : OECD
Publisher : OECD Publishing
ISBN 13 : 9264575367
Total Pages : 101 pages
Book Rating : 4.63/5 ( download)

DOWNLOAD NOW!

Download or read book The FinTech Ecosystem in the Czech Republic written by OECD and published by OECD Publishing. This book was released on 2022-11-15 with total page 101 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report describes the structure of the FinTech sector in the Czech Republic and the associated regulatory and supervisory frameworks. It analyses the enabling conditions for FinTech innovation as well as potential hurdles.

Author : El Bachir Boukherouaa
Publisher : International Monetary Fund
ISBN 13 : 1589063953
Total Pages : 35 pages
Book Rating : 4.52/5 ( download)

DOWNLOAD NOW!

Download or read book Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance written by El Bachir Boukherouaa and published by International Monetary Fund. This book was released on 2021-10-22 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses the impact of the rapid adoption of artificial intelligence (AI) and machine learning (ML) in the financial sector. It highlights the benefits these technologies bring in terms of financial deepening and efficiency, while raising concerns about its potential in widening the digital divide between advanced and developing economies. The paper advances the discussion on the impact of this technology by distilling and categorizing the unique risks that it could pose to the integrity and stability of the financial system, policy challenges, and potential regulatory approaches. The evolving nature of this technology and its application in finance means that the full extent of its strengths and weaknesses is yet to be fully understood. Given the risk of unexpected pitfalls, countries will need to strengthen prudential oversight.

Author : Parma Bains
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 58 pages
Book Rating : 4.64/5 ( download)

DOWNLOAD NOW!

Download or read book Institutional Arrangements for Fintech Regulation written by Parma Bains and published by International Monetary Fund. This book was released on 2023-06-26 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: The impact of fintech is growing rapidly worldwide, although this growth is uneven across jurisdictions. Depending on the effect of fintech, authorities may adopt a passive approach of monitoring fintech, try and capture new business models in existing regulatory frameworks, develop bespoke regulation, or adopt test and learn policies through institutional arrangements like innovation hubs and sandboxes. The test and learn approach is relatively unique to fintech in financial regulation and supervision and has advantages and disadvantages. While it can help authorities monitor and respond to the challenges of fintech in some scenarios, in others it could lead to risks to consumers and markets, particularly when designed poorly or with an unclear use case. Ultimately, the aim for authorities should be to consider fintech regulation part of the mainstream, where fintech expertise is embedded throughout an organization and not siloed to specific fintech units.

Author : Pranay Gupta
Publisher : Walter de Gruyter GmbH & Co KG
ISBN 13 : 1547400900
Total Pages : 546 pages
Book Rating : 4.04/5 ( download)

DOWNLOAD NOW!

Download or read book Fintech written by Pranay Gupta and published by Walter de Gruyter GmbH & Co KG. This book was released on 2018-12-03 with total page 546 pages. Available in PDF, EPUB and Kindle. Book excerpt: This extraordinary book, written by leading players in a burgeoning technology revolution, is about the merger of finance and technology (fintech), and covers its various aspects and how they impact each discipline within the financial services industry. It is an honest and direct analysis of where each segment of financial services will stand. Fintech: The New DNA of Financial Services provides an in-depth introduction to understanding the various areas of fintech and terminology such as AI, big data, robo-advisory, blockchain, cryptocurrency, InsurTech, cloud computing, crowdfunding and many more. Contributions from fintech innovators discuss banking, insurance and investment management applications, as well as the legal and human resource implications of fintech in the future.

Author : Douglas W. Arner
Publisher : CFA Institute Research Foundation
ISBN 13 : 1944960260
Total Pages : 20 pages
Book Rating : 4.61/5 ( download)

DOWNLOAD NOW!

Download or read book FinTech and RegTech in a Nutshell, and the Future in a Sandbox written by Douglas W. Arner and published by CFA Institute Research Foundation. This book was released on 2017-07-31 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 2008 global financial crisis represented a pivotal moment that separated prior phases of the development of financial technology (FinTech) and regulatory technology (RegTech) from the current paradigm. Today, FinTech has entered a phase of rapid development marked by the proliferation of startups and other new entrants, such as IT and ecommerce firms that have fragmented the financial services market. This new era presents fresh challenges for regulators and highlights why the evolution of FinTech necessitates a parallel development of RegTech. In particular, regulators must develop a robust new framework that promotes innovation and market confidence, aided by the use of regulatory "sandboxes." Certain RegTech developments today are highlighting the path toward another paradigm shift, which will be marked by a reconceptualization of the nature of financial regulation.

Author : Janos Barberis
Publisher : John Wiley & Sons
ISBN 13 : 1119362172
Total Pages : 1004 pages
Book Rating : 4.73/5 ( download)

DOWNLOAD NOW!

Download or read book The REGTECH Book written by Janos Barberis and published by John Wiley & Sons. This book was released on 2019-08-06 with total page 1004 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Regulatory Technology Handbook The transformational potential of RegTech has been confirmed in recent years with US$1.2 billion invested in start-ups (2017) and an expected additional spending of US$100 billion by 2020. Regulatory technology will not only provide efficiency gains for compliance and reporting functions, it will radically change market structure and supervision. This book, the first of its kind, is providing a comprehensive and invaluable source of information aimed at corporates, regulators, compliance professionals, start-ups and policy makers. The REGTECH Book brings into a single volume the curated industry expertise delivered by subject matter experts. It serves as a single reference point to understand the RegTech eco-system and its impact on the industry. Readers will learn foundational notions such as: • The economic impact of digitization and datafication of regulation • How new technologies (Artificial Intelligence, Blockchain) are applied to compliance • Business use cases of RegTech for cost-reduction and new product origination • The future regulatory landscape affecting financial institutions, technology companies and other industries Edited by world-class academics and written by compliance professionals, regulators, entrepreneurs and business leaders, the RegTech Book represents an invaluable resource that paves the way for 21st century regulatory innovation.