Overview of Applicable Regulations in Digital Finance and Supporting Technologies

Abstract

Abstract Financial regulation has changed significantly in the 10 years since the global financial crisis. Tougher, more detailed and more complex standards now apply to all aspects of regulation. In more recent times that regulation has been increasingly influenced by the widespread deployment of fintech introducing new services and applications whilst transforming how consumers interact with the more traditional existing banking services. This chapter introduces the context and focus of this most recent regulatory and supervisory authorities and highlights some of the key regulatory initiatives, existing and ongoing, designed to manage the key risks posed by the disruptive nature of the rapid digital transformation occurring in the sector. Technologies designed to sup-port aspects of these regulations are highlighted as part of practical guidance to support innovators in the sector and for those in the sector considering developing or deploying the increasing plethora of new applications utilizing emerging technologies like AI or distributed ledger technologies.