In recent years, there has been a growing interest in FinTech. It has been driven by the dramatic evolution of information technology, but this is not the only factor. Financial services that did not exist before have been created by information technology.
In a nutshell, that’s why banks need rules. That’s why the regulatory wall was put up in the first place. And following the financial crisis, we have repaired and modified it. Not all banks, of course, are happy with the new wall. While they seem to agree with regulation in principle, they usually think it is too strict.