Fintech and Regulation
The International Monetary Fund (IMF) has published a staff discussion note on ways that distributed ledger technology can improve the global economy. What impact might FinTech have on financial services and how should regulators respond? In its paper, the IMF sets out an economic framework for thinking through the channels that FinTech might provide solutions. The IMF paper focuses on developments that respond to changes in the competitive landscape, the consumer requirements for trust, security and privacy and the need to consider changes to financial regulations.
The paper combines a broad discussion of current trends among financial services with a focus on cross-border payments and particularly the impact of distributed ledger technology. You can read more here.