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11 - Enabling a Balanced Proportional Approach to Innovation

Regulatory Sandboxes, Innovation Hubs, and Beyond

from Part II - Addressing the Challenges of Innovation in Finance

Published online by Cambridge University Press:  09 November 2023

Ross P. Buckley
Affiliation:
University of New South Wales, Sydney
Douglas W. Arner
Affiliation:
The University of Hong Kong
Dirk A. Zetzsche
Affiliation:
Université du Luxembourg
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Summary

This chapter explores regulatory sandboxes and innovation hubs as the two main regulatory tools to support the digital transformation of finance. We argue that innovation hubs provide most of the benefits that the policy discussion associates with regulatory sandboxes, while avoiding most of the downsides of the former.

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Chapter
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FinTech
Finance, Technology and Regulation
, pp. 164 - 176
Publisher: Cambridge University Press
Print publication year: 2023

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