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Regulators and Fintech: Sandboxes, Innovation Hubs and Proportionate Rules

Regulation & securityBy: Parsa Aghabarari2 min readSource: BIS FSI, 2020
Regulators and Fintech: Sandboxes, Innovation Hubs and Proportionate Rules

1Introduction

The FSI paper “Policy responses to fintech” compares dozens of jurisdictions and finds authorities typically combine several tools.

2Discussion

Innovation hubs give start-ups regulatory guidance; regulatory sandboxes let new products be tested for a limited time with limited customers under supervision; some jurisdictions add dedicated licences for e-money or digital lending.

3Conclusion

The report stresses “same activity, same risk, same regulation”: innovation should not mean bypassing consumer protection or stability requirements.

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Sources

  1. BIS FSI Insights No 23 — Policy responses to fintech: a cross-country overview, January 2020 ↗
همفکران فناوری شریفThis article summarises the official sources cited, prepared by the Hamfekran Fanavari Sharif team for finance leaders.
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