Unlike those earlier instances, though, this renewed prominence of the “who does the regulating” question has accompanied a major reconsideration of what regulation is appropriate. Today I would like to address both the “who” and the “what” issues in the regulation of international banking.
This report is useful in that it outlines how countries can positively position themselves in relation to fintech. A key finding of this report is that a country could establish a well-functioning fintech ecosystem and competitively position itself provided that a holistic view is taken that focuses on the following four core ecosystem attributes: policy, talent, capital and demand.