?The Role of Sectoral Regulators and other State Actors in Formulating Novel and Alternative Pro-Competition Mechanisms In Fintech?
Citation:
?The Role of Sectoral Regulators and other State Actors in Formulating Novel and Alternative Pro-Competition Mechanisms In Fintech?, Konstantinos Stylianou, Marios Iacovides, and Bjorn Lundqvist, Fintech Competition: Law, Policy, and Market Organisation, United KIngdom, Hart-Bloomsbury, 2023, 307-330, Deirdre AhernDownload Item:
Deirdre Ahern Fintech Competition Chapter 21 July 2022.pdf (Pre-print (author's copy) - Non-Peer Reviewed) 320.7Kb
Abstract:
Motivated by an economic agenda, state actors are using methods other than traditional regulation to attract
fintech business to their jurisdiction and to promote competition in digital markets. These mechanisms
include visa schemes for fintech talent, research and development incentives, and schemes for accessing
the finance crucially needed by fintech entrepreneurs to grow and scale up. The hand-holding role of
regulators supporting fintech innovators on their journey including the regulatory sandbox global
phenomenon is also examined. Newer developments demonstrate how regulators are increasingly creative
in directly challenging fintech entrepreneurs to innovate for the public good with digital sandboxes,
hackthons and datasprints. However, regulatory agencies have a delicate balancing act and ought to
calibrate their competition promotion agenda to ensure appropriate treatment of varied market actors
including BigTechs in a platform economy. This debate furthers discussion around the complex evolving
and future goals of both fintech competition policy and financial regulation.
Author's Homepage:
http://people.tcd.ie/dahernDescription:
PUBLISHEDOpen Access Bloomsbury Collections https://www.bloomsburycollections.com/monograph?docid=b-9781509963379
United KIngdom
Author: Ahern, Deirdre
Other Titles:
Fintech Competition: Law, Policy, and Market OrganisationPublisher:
Hart-BloomsburyType of material:
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