Fintech Regulation and Supervision Challenges Within the Banking Industry: A Comparative Study Within the G-20

Lessambo, Felix I.

  • 出版商: Palgrave MacMillan
  • 出版日期: 2024-03-29
  • 售價: $6,640
  • 貴賓價: 9.5$6,308
  • 語言: 英文
  • 頁數: 321
  • 裝訂: Quality Paper - also called trade paper
  • ISBN: 3031254309
  • ISBN-13: 9783031254307
  • 相關分類: Fintech
  • 無法訂購

相關主題

商品描述

Strengthening financial sector regulatory arrangements has been a major focus of the G-20 since the crisis in 2008, and progress in strengthening financial regulations is often cited as its success. Nonetheless, the overall contribution of the G20 as a political forum for the oversight of international financial regulation is diming as FinTech is blurring the boundaries between intermediaries and markets, as well as between digital service providers moving into the financial space, nonbank financial companies, and banks. Along the same line, financial technology is causing paradigm changes to the traditional financial system, presenting both challenges and opportunities. As FinTech grows rapidly, the importance of regulation and supervision becomes more prominent.

The three cornerstones of banking: taking deposits, making loans, and facilitating payments are being reassembled functionally and digitally outside of the bank regulatory perimeter by certain firms. Without comprehensive consolidated supervision, no single regulator can see the whole picture and understand how a firm as a whole operates and takes risk. No crypto firm to date is subject to comprehensive consolidated supervision, creating gaps in supervision alongside risks. Countries around the world are taking divergent views on cryptocurrency and other so-called "Web3" technologies based on blockchain. This book aims to provide a comparison between the various available approaches, models, or legislations by identifying certain key legislative policies within the G-20 as they cope with innovative financial technologies, and will be of interest to scholars, students, and practitioners of banking, financial regulation, risk management, and financial technology.

作者簡介

Felix I. Lessambo is Adjunct Associate Professor at Fordham University, USA, where he teaches Corporate Tax and Audit & Assurance Services. He was an Associate Professor at Central Connecticut State University School of Business where he taught Financial Statements Analysis, Global Financial Reporting, and Law & Finance. He has practiced international tax, transfer pricing, and alternative investment management where he structured and advised on hedge funds and private equity cross-border transactions.


作者簡介(中文翻譯)

Felix I. Lessambo是美國福特漢姆大學的兼職副教授,教授企業稅和審計與保證服務。他曾是中央康涅狄格州立大學商學院的副教授,教授財務報表分析、全球財務報告和法律與金融。他曾從事國際稅務、價格轉移和替代性投資管理,並在對沖基金和私募股權跨境交易的結構和諮詢方面提供意見。