If we look at it in a global context, many countries are also struggling to keep up with the everevolving financial system and to adopt fintech solutions through the formal financial channel. One area that I want to shed light is the risks and threats to financial integrity.
There are rising concerns regarding customer as well as investor protection, and even the adequacy of the financial safety net. Well! We can always amend or supplement the existing regulatory framework to address many fintech driven risks. But how far can we go? Some of the unprecedented issues arisising from new financial products and activities may not even lie in the current regulatory perimeter.