Responding to growing interest in new regulations adopted by the EU, US, and UK authorities, this book provides a comprehensive overview of the legal and economic aspects of FinTech and the current regulation surrounding it. In particular, the book observes the technological evolution of finance and the 'economic space' that lies between the regulated market and the illegal circulation of capital. Analysing laws that influence the application of technology to the banking and finance sector, the author considers market infrastructure and illustrates how firms execute their activities on a global scale, away from the scope of public supervision and monetary backstops. With globalisation and digitalisation boosting efficiency, the economical relevance of technology is becoming ever more important and therefore this book provides a much-needed examination of the current trends in FinTech regulation, making it an essential read for those researching financial markets, and professionals within the industry.

Auteur

Valerio Lemma is Professor of Law and Economics at Guglielmo Marconi University of Rome, Italy. He coordinates a masters programme on financial market regulation at Luiss University of Rome, Italy. In 2018, he joined the European Securities and Markets Authority (ESMA) Post-Trading Standing Committee Consulting Work Group, and with a background in law, he is also associated with an international law firm.

Contenu

Introduction.- 2. General Observations.- 3. FinTech and Market-based Financing.- 4. European Approaches to FinTech: The Role of Regulation and the Evolution of Supervision.- 5. FinTech, Chain Transactions and Open Banking.- 6. FinTech Firms.- 7. FinTech and Money.- 8. FinTech, RegTech and SupTech Towards a New market Structure.- 9. Conclusions.