The UK has hit this regulatory pause button through the creation of the so called “fintech sandboxes” that promote innovation by allowing new technologies to be developed and tested in a closely supervised environment. In this research paper Yang explains how the UK has succeeded in having the best fintech ecosystem.
The UK’s Fintech Industry Support Policies and its Implications
Author: Hyoeun Yang
From:Korea Institute for International Economic Policy
After the UK, Germany is the second fintech market in Europe. Their regulatory set up comprises regulations that offer FinTechs the security to be able to develop their business models in a steady fashion in the course of different stages in their growth. What could be an important growth driver for the German fintech market in the future? Brexit.
The Fintech market in Germany
Authors: Gregor Dorfleitner, Lars Hornuf, Matthias Schmitt and Martina Weber
From: Universität Regensburg – University of Trier – Max Planck Institute – University of Regensburg
In the US fintech and non fintech shadow banking has grown a lot especially in the mortgage industry. Buchak and al in this paper try to understand whether differences in technology have contributed to the decline of traditional banking. Instead, they find that it was the additional regulatory burden faced by banks that opened a gap that was filled by shadow banks.
Fintech, Regulatory Arbitrage, and the Rise of Shadow Banks
Authors: Greg Buchak, Gregor Matvos, Tomasz Piskorski, and Amit Seru
From: University of Chicago – Columbia University
