FinTech: Finance, Technology and Regulation

In this comprehensive, accessible work, Ross P. Buckley, Douglas W. Arner, and Dirk A. Zetzsche offer an ideal reference for anyone seeking to understand the technological transformation of finance and the role of regulation: the world of FinTech. They consider FinTech technologies including artificial intelligence, blockchain, BigData, cloud computing, cryptocurrencies, central bank digital currencies, and distributed ledger technology, and provide a unique perspective on FinTech as an interactive system involving finance, technology, law, and regulation. Starting with an evolutionary perspective, the authors then consider the major technologies transforming finance, arguing for approaches to balance the risks and challenges of innovation. They address the central role of infrastructure in digital financial transformation, highlighting lessons from China, India, and the EU, as well as the impact of pandemics and other sustainability crises, while considering the risks generated by FinTech. They conclude by offering forward-looking regulatory strategies to address the challenges facing our world today.

FinTech

Buckley, Ross P.

Business

Cambridge University Press

Customer Data Sharing Frameworks (Routledge Focus on Economics and Finance)

Business & Money

Jevglevskaja, Natalia

Didenko, Anton

Economics

Routledge

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.

The REGTECH Book: The Financial Technology Handbook for Investors, Entrepreneurs and Visionaries in Regulation

Barberis, Janos

Arner, Douglas W.

Finance

wiley

Zetzsche, Dirk A.

‘History has a way of repeating itself in financial matters because of a kind of sophisticated stupidity,’ John Kenneth Galbraith once wrote. In this superb new book, Ross Buckley suggests that the stupidity identified by Galbraith can be traced to the persistence of an inadequate legal system for the regulation of international finance − a system rooted in the failure of economists and investors to take the legal demands of real-world finance seriously. Everywhere, trade is glorified while finance tends to be taken for granted. Yet financial flows far exceed trade flows, by a factor of over sixty to one; international financial transactions represent a far greater proportion of the practice of most major law firms than do trade transactions; and international finance, when it goes wrong, brings appalling suffering to the poorest citizens of poor countries.   In a powerful demonstration of how we can learn from history, Professor Buckley provides deep analyses of some of the devastating financial crises of the last quarter-century. He shows how such factors as the origins and destinations of loans, bank behaviour, bad timing, ignorance of history, trade regimes, capital flight, and corruption coalesce under certain circumstances to trigger a financial crash. He then offers well-thought out legal measures to regulate these factors in a way that can prevent the worst from happening and more adequately protect the interests of vulnerable parties and victims. In the course of the discussion he covers such topics as the following:   ;  the roles of the Bretton Woods institutions in the globalisation process;   global capital flows;   debtor nation policies;   the effects of the Brady restructurings of the 80s and 90s;   fixed versus floating exchange rates;   the social costs of IMF policies;   debt-for-development exchanges; and   the national balance sheet problem.      Professor Buckley’s far-reaching recommendations include details of tax, regulatory, banking, and bankruptcy regimes to be instituted at a global level. As a general introduction to the international financial system and its regulation; as a powerful critique of the current system’s imperfections; and most of all as a viable overarching scheme for an international finance law framework soundly based on what history has taught us, International Financial System: Policy and Regulation shows the way to amending a system that repeatedly sacrifices the lives of thousands and compromises the future of millions.

The International Financial System: Policy and Regulation (Kluwer Law International)

Foreign & International Law

Kluwer Law Intl

The global financial system--founded on principles of capital account liberalization, the process by which barriers to capital flows between nations are eliminated and financial globalization facilitated--has proven highly crisis-prone and deficient for debtors and creditors alike. Since 2008 we have been learning once again that mistakes in global finance can bring rich countries to the brink of bankruptcy and appalling suffering to the poorest citizens of poor countries. The predictable response measures of institutional economists fail to stop the continuing sacrifice of the lives of thousands and the futures of millions. This book presents a powerful indictment of this regulatory failure and calls for greatly increased attention to international financial law and a new recognition of the principles that ought to underlie it. Using a historical approach that compares the various financial crises of the twentieth century, the authors clearly show how in each case the same misconceived economic policy responses paved the way for the next ""crash"". Among the numerous topics that arise in the course of this revealing analysis are the following:  bank profitability and market share; floating interest rates; overvalued exchange rates; excess liquidity; premature liberalization of local financial markets; OTC derivatives markets; accounting standards; credit ratings and credit rating agencies; investor protection arrangements; insurance companies; payment, clearing and settlement activities; capital controls; and debt-for-development exchanges.   The author offers detailed commentary on: the role of multilateral development banks, the IMF, and the WTO in crisis response; measures stemming from the Basel Accords, the Brady Plan, and other response initiatives; and proposals by the European Commission, the G20, and other groups, including financial transaction tax schemes and a global sovereign bankruptcy regime. Apart from its great usefulness as a detailed introduction to the international financial system and its regulation, the book is enormously valuable for its clear identification of the specific ""danger zones"" in economic policy that prevent regulators from intercepting the vicious cycle of financial crisis. Banking and investment policymakers at every level (not to mention bankers and investors themselves) cannot afford to neglect this book.

From Crisis to Crisis: The Global Financial System Regulatory Failure (International Banking and Finance Law, 14)

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Books by Buckley, Ross P.