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dc.contributor.authorAhern, Deirdreen
dc.date.accessioned2020-02-28T14:57:47Z
dc.date.available2020-02-28T14:57:47Z
dc.date.issued2019en
dc.date.submitted2019en
dc.identifier.citationDeirdre Ahern, Regulators Nurturing FinTech Innovation: Global Evolution of The Regulatory Sandbox as Opportunity-Based Regulation, Indian Journal of Law and Technology, 2019en
dc.identifier.otherYen
dc.identifier.urihttp://hdl.handle.net/2262/91649
dc.descriptionIN_PRESSen
dc.descriptionhttp://hdl.handle.net/2262/91649en
dc.description.abstractThe emergence of the regulatory sandbox as a novel regulatory development in both developed and developing countries responds to the challenges faced by FinTech innovators in navigating an unwieldy regulatory landscape not designed with FinTech in mind. This article characterises the regulatory sandbox as a form of agile, opportunity-based regulation, distinguished by a regulatory approach that is concerned with actively supporting innovators in nurturing cutting-edge innovation with a view to delivering benefits for innovators, consumers, investors, and ultimately the wider economy. Not only is the regulatory sandbox an experimental space for firms testing innovative FinTech products and services, it is also a novel regulatory experiment for regulators, allowing them to actively learn and about new technologies and regulation needs to adapt and respond. In its provision and design, the regulatory sandbox phenomenon performs a crucial positioning function in relation to a given financial system’s receptivity to FinTech business. The role of a regulatory sandbox in nurturing and expanding competition suggests a public interest role in the interests of consumer choice, price and efficiency. However, pressure on regulators to produce sandbox successes may influence the exercise of regulatory discretion and produce regulatory distortions.en
dc.language.isoenen
dc.relation.ispartofseriesIndian Journal of Law and Technologyen
dc.rightsYen
dc.subjectFinTechen
dc.subjectRegulationen
dc.subjectFinancial technologyen
dc.titleRegulators Nurturing FinTech Innovation: Global Evolution of The Regulatory Sandbox as Opportunity-Based Regulationen
dc.typeJournal Articleen
dc.type.supercollectionscholarly_publicationsen
dc.type.supercollectionrefereed_publicationsen
dc.identifier.peoplefinderurlhttp://people.tcd.ie/dahernen
dc.identifier.rssinternalid208677en
dc.rights.ecaccessrightsopenAccess
dc.subject.TCDThemeDigital Engagementen
dc.subject.TCDThemeDigital Humanitiesen
dc.subject.TCDThemeInternational Developmenten
dc.subject.TCDThemeSmart & Sustainable Planeten
dc.subject.TCDTagFinTech Regulationen
dc.identifier.orcid_id0000-0001-7263-7682en
dc.subject.darat_thematicGlobalizationen
dc.subject.darat_thematicJustice and safeguardingen
dc.subject.darat_thematicPolicyen
dc.status.accessibleNen


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