Publication Type

Book Chapter

Version

acceptedVersion

Publication Date

1-2018

Abstract

This paper starts with a brief introduction of the recent organizational support established by The Monetary Authority of Singapore (MAS) to promote the fast developing FinTech (financial technology) sector. Basing on its existing “balanced” approach in promoting financial development and ensuring a safe and sound financial sector, and in sync with its objective to harness technology to improve the efficiency of the financial markets, the paper elaborates on the insights of MAS' policy intent in regulating the FinTech sector. The paper then focuses on MAS' proposed “Regulatory Sandbox” – an innovative regulatory framework which helps to strike a good balance between creating a conducive environment for financial innovation and on the other hand protecting financial consumers and ensuring financial stability. In closing, the paper shares some thought of the writer on MAS' approach and the likely future development of MAS' financial regulation towards financial technology.

Keywords

FinTech, Financial technology, Regulatory Sandbox, Consumer protection, Financial stability

Discipline

Asian Studies | Finance and Financial Management | Technology and Innovation

Research Areas

Quantitative Finance

Publication

Handbook of blockchain, digital finance, and inclusion: Cryptocurrency, FinTech, InsurTech, and regulation

Volume

1

Editor

David Lee and Robert H. Deng

First Page

347

Last Page

357

ISBN

9780128104415

Identifier

10.1016/B978-0-12-810441-5.00015-4

Publisher

Academic Press

City or Country

San Diego, CA

Embargo Period

10-18-2018

Copyright Owner and License

Author

Additional URL

https://doi.org/10.1016/B978-0-12-810441-5.00015-4

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