Falling for FinTech?
A Historical Institutionalist Account of France’s Approach to Financial Innovation After the Global Financial Crisis
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Beschreibung
This book presents a unique in-depth case study, supported by interviews with French experts, of France’s early embrace and regulatory leadership on FinTech in an uncertain EU post-2008 crisis regulatory context, with an extension of the discussion to implications on EU level. FinTech- the recent wave of technological innovation in finance – is no longer a buzzword but a mainstream development in financial services. Although it raises much hope, FinTech creates challenges to post-global financial crisis regulation which raises an important research question at the heart of this book: How do financial regulators manage uncertain technological innovations in the wake of a protracted systemic crisis? This book analyzes this critical question for political economy and public policy through a qualitative in-depth analysis of FinTech regulation in France, a country where the State has promoted financial innovation as a matter of industrial policy within an evolving regulatory space, supported generally by market-shaping principles.
This book presents a unique in-depth case study, supported by interviews with French experts, of France’s early embrace and regulatory leadership on FinTech in an uncertain EU post-2008 crisis regulatory context, with an extension of the discussion to implications on EU level. FinTech- the recent wave of technological innovation in finance – is no longer a buzzword but a mainstream development in financial services. Although it raises much hope, FinTech creates challenges to post-global financial crisis regulation which raises an important research question at the heart of this book: How do financial regulators manage uncertain technological innovations in the wake of a protracted systemic crisis? This book analyzes this critical question for political economy and public policy through a qualitative in-depth analysis of FinTech regulation in France, a country where the State has promoted financial innovation as a matter of industrial policy within an evolving regulatory space, supported generally by market-shaping principles.
Discusses France’s early embrace and regulatory leadership on Fintech in an uncertain EU post-2008 crisis context Offers approaches to better qualify, characterize and understand domestic regulatory outcomes on Fintech Includes reflections on the pro-active administration-politics nexus as a factor in facilitating Fintech in France
Autor*in
Daphnée Papiasse
Themen in »Falling for FinTech?«
Financial Innovation Financial Technology Regulatory Capture Theories Institutionally Mediated Bank Structural Power French Regulation AMF ACPR Crowdlending Crowdfunding Innovation Hub Supervisory Framework Initial Coin Offering Entrepreneurship Crypto Assets Cryptocurrencies