Overview

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.

Full Product Details

Author:   Ross P. Buckley (University of New South Wales, Sydney) ,  Douglas W. Arner (The University of Hong Kong) ,  Dirk A. Zetzsche (Université du Luxembourg)
Publisher:   Cambridge University Press
Imprint:   Cambridge University Press
Weight:   0.680kg
ISBN:  

9781316514405

ISBN 10:   1316514404
Pages:   287
Publication Date:   23 November 2023
Audience:   General/trade ,  General
Format:   Hardback
Publisher's Status:   Active
Availability:   Manufactured on demand  
We will order this item for you from a manufactured on demand supplier.

Table of Contents

1. Introduction; Part I. Digital Transformation of Finance and Regulation: 2. Evolution of FinTech; 3. Smart Regulation; 4. RegTech and the Reconceptualization of Financial Regulation; 5. COVID-19, Digital Finance and Existential Sustainability Crises; 6. Drivers of Change: Efficiency, Financial Inclusion, and Sustainability; Part II. Addressing the Challenges of Innovation in Finance: Introduction; 7. Regulating Artificial Intelligence in Finance; 8. Distributed Ledger Technology, Blockchain and Finance; 9. Decentralized Finance and Embedded Regulation; 10. Data Regulation and Financial Regulation; 11. Enabling a Balanced Proportional Approach to Innovation: Regulatory Sandboxes, Innovation Hubs and Beyond; Part III. Building Better Financial Systems: Introduction; 12. Building the Infrastructure for Digital Financial Transformation; 13. Digital Identity; 14. Electronic Payments, Stablecoins and Central Bank Digital Currencies; 15.Digital Financial Transformation: Lessons from the EU; Part IV. From FinTech to TechFin to BigTech to FinTech 4.0: Balancing the Opportunities and Risks of Scale and Concentration in Digital Finance: Introduction; 16. Of TechFins, Digital Financial Platforms, BigTechs and FinTech 4.0; 17. The New Systemic Risks: Cybersecurity and Data Risks; 18. The New SIFIs: FinTech, TechFin, Scale and Connectivity; 19. The Challenge of Scale: Addressing Concentration and Dominance in Digital Finance; 20. Conclusion: Building Better Financial Systems; Index.

Reviews

'Technological advances are rapidly changing the face of finance, and with it the challenges and opportunities confronting financial regulators. Understanding the complex, intertwined relationship between finance, technology, and regulation is no longer optional for those researching and working in these fields - it's an absolute necessity. Buckley, Arner, and Zetzsche provide a strong foundation for this understanding and, having built it, offer important insights into everything from the rise of fintech, regtech, and bigtech to the rapidly evolving worlds of AI and crypto.' Dan Awrey, Professor of Law, Cornell Law School 'This book discusses the key building blocks for building a fintech-led financial eco-system, including aspects relating to data, e-identity, artificial intelligence, and distributed ledger. A highly useful resource for any academic, policymaker, or practitioner in the area of fintech and financial regulation.' Iris H. Chiu, Professor of Corporate Law and Financial Regulation, University College London Faculty of Laws

Author Information

Ross P. Buckley is one of the world's most cited and read FinTech scholars. Professor Buckley leads a major, six-year Laureate research project at UNSW, Sydney into the regulation of FinTech. He advises governments and regulators around the world and has twice been a Fulbright scholar, at Yale and Duke. Douglas W. Arner is one of the leading policy researchers on the interaction of finance, technology, regulation and development. Professor Arner is the Kerry Holdings Professor in Law, a Senior Fellow of the Asia Global Institute and Associate Director of the HKU-Standard Chartered FinTech Academy at the University of Hong Kong. He works with international organizations, governments, regulators and leading private sector firms around the world. Dirk A. Zetzsche holds the ADA Chair in Financial Law (inclusive finance) and leads the House of Sustainable Governance & Markets at the University of Luxembourg. Professor Zetzsche is one of the most well-known authors on Fintech regulation, a frequent consultant to regulators and parliaments, and a regular guest at all the leading universities and academic conferences across the Globe.

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