Regulating Financial Innovation: FinTech, Crypto-assets, DeFi, and Beyond.
Saved in:
| Authors: | Schwarcz, Steven L. |
|---|---|
| Source: | Business Lawyer. Summer2024, Vol. 79 Issue 3, p615-664. 50p. |
| Subject Terms: | *Financial inclusion, *Financial technology, *Online banking, *Financial services industry |
| Abstract: | The term “FinTech†encompasses advances in technology that facilitate financial innovations, such as crypto-assets, algorithmic smart contracts, and decentralized financial platforms and services. Although FinTech promises greatly expanded financial inclusion and other valuable economic benefits, its radical transformational consequences are threatening to disrupt finance and even jeopardize the stability of the financial system. Scholars have been grappling with how the law can control these risks, but their contributions to date have been largely ad hoc. They also disagree whether FinTech-driven innovations are radically changing the financial system, necessitating completely new forms of regulation, or whether those innovations merely present the same types of risks already associated with electronic banking. This article attempts to build a systematic framework for regulating FinTech-driven innovations. In that process, it clarifies and simplifies the confusing terminology, which makes FinTech appear more complicated than it is. The article also shows how its framework should more generally inform the regulation of financial innovation. [ABSTRACT FROM AUTHOR] |
| Database: | Entrepreneurial Studies Source |
|
Full text is not displayed to guests.
Login for full access.
|
|
| FullText | Text: Availability: 1 |
|---|---|
| Header | DbId: ent DbLabel: Entrepreneurial Studies Source An: 181214902 AccessLevel: 6 PubType: Academic Journal PubTypeId: academicJournal PreciseRelevancyScore: 0 |
| IllustrationInfo | |
| Items | – Name: Author Label: Authors Group: Au Data: <searchLink fieldCode="AR" term="%22Schwarcz%2C+Steven+L%2E%22">Schwarcz, Steven L.</searchLink> – Name: TitleSource Label: Source Group: Src Data: <searchLink fieldCode="JN" term="%22Business+Lawyer%22">Business Lawyer</searchLink>. Summer2024, Vol. 79 Issue 3, p615-664. 50p. – Name: Subject Label: Subject Terms Group: Su Data: *<searchLink fieldCode="DE" term="%22Financial+inclusion%22">Financial inclusion</searchLink><br />*<searchLink fieldCode="DE" term="%22Financial+technology%22">Financial technology</searchLink><br />*<searchLink fieldCode="DE" term="%22Online+banking%22">Online banking</searchLink><br />*<searchLink fieldCode="DE" term="%22Financial+services+industry%22">Financial services industry</searchLink> – Name: Abstract Label: Abstract Group: Ab Data: The term “FinTech†encompasses advances in technology that facilitate financial innovations, such as crypto-assets, algorithmic smart contracts, and decentralized financial platforms and services. Although FinTech promises greatly expanded financial inclusion and other valuable economic benefits, its radical transformational consequences are threatening to disrupt finance and even jeopardize the stability of the financial system. Scholars have been grappling with how the law can control these risks, but their contributions to date have been largely ad hoc. They also disagree whether FinTech-driven innovations are radically changing the financial system, necessitating completely new forms of regulation, or whether those innovations merely present the same types of risks already associated with electronic banking. This article attempts to build a systematic framework for regulating FinTech-driven innovations. In that process, it clarifies and simplifies the confusing terminology, which makes FinTech appear more complicated than it is. The article also shows how its framework should more generally inform the regulation of financial innovation. [ABSTRACT FROM AUTHOR] |
| PLink | https://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=ent&AN=181214902 |
| RecordInfo | BibRecord: BibEntity: Languages: – Code: eng Text: English PhysicalDescription: Pagination: PageCount: 50 StartPage: 615 Subjects: – SubjectFull: Financial inclusion Type: general – SubjectFull: Financial technology Type: general – SubjectFull: Online banking Type: general – SubjectFull: Financial services industry Type: general Titles: – TitleFull: Regulating Financial Innovation: FinTech, Crypto-assets, DeFi, and Beyond. Type: main BibRelationships: HasContributorRelationships: – PersonEntity: Name: NameFull: Schwarcz, Steven L. IsPartOfRelationships: – BibEntity: Dates: – D: 01 M: 06 Text: Summer2024 Type: published Y: 2024 Identifiers: – Type: issn-print Value: 00076899 Numbering: – Type: volume Value: 79 – Type: issue Value: 3 Titles: – TitleFull: Business Lawyer Type: main |
| ResultId | 1 |
