FSB builds analytical framework to tackle fintech risks
Report defines “technology neutral” method of classifying fintech firms
The Financial Stability Board (FSB) lays out an analytic framework for studying fintech firms and identifies some of the main costs and benefits in a report published on June 27.
The report notes it is challenging for regulators to keep up with the “fast changes” in fintech, and with this in mind, develops a “technology neutral” method of classifying firms, focused on different types of financial service activities.
Potential benefits from the firms include decentralisation and increased
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