This chapter examines the potential impact of ever-increasing digitisation upon the regulation of financial products. It outlines a methodology for assessing the implications of digital developments for existing regulatory regimes and for developing the right level of reform to those in order to ensure that new digital financial products do not operate beyond the ambit of the regulatory environment. The chapter considers two instances: the first is the regulation of cryptocurrencies and distributed ledger technology; the second is the use of digital processes and algorithms for trading in securities and making business decisions, including lending decisions, which raises broader issues of the future use of artificial intelligence.
|Title of host publication||Regulation and the Global Financial Crisis|
|Subtitle of host publication||Impact, Regulatory Responses, and Beyond|
|Publisher||Routledge, Taylor & Francis, London|
|Number of pages||24|
|Publication status||Published - Nov 2020|