FinTech and Financial Stability
The Bank for International Settlements and the Financial Stability Board (FSB) are making a bid for providing the most strategically significant development in the FinTech regulatory policy arena. This morning, they released a rare joint report between the Committee on the Global Financial System (CGFS) and the FSB.
The title alone should tell you everything you need to know about policy directionality: FinTech credit: Market structure, business models and financial stability implications.
Even more importantly, the press release for the report indicates that FinTech regulatory policy issues will be on the agenda for the G20 summit in July: "The FSB will also publish a report, before the G20 Leaders' Summit in Hamburg in July 2017, on the financial stability implications of FinTech in general."
Subscribers to the FinTech RegTrends Report on Saturday will receive a full analysis of the regulatory policy issues raised in the report and the trends they accelerate. For the moment, the report's release is a key puzzle piece signaling significant increased policy interest in the fintech sector.