SOME ASPECTS OF REGULATORY OPTIMIZATIONS IN THE FINANCIAL SECTOR
SOME ASPECTS OF REGULATORY OPTIMIZATIONS IN THE FINANCIAL SECTOR
Author(s): Stefan Vachkov, Nedyalko ValkanovSubject(s): Economy, National Economy, Business Economy / Management, Financial Markets, Public Finances, Accounting - Business Administration
Published by: ЮГОЗАПАДЕН УНИВЕРСИТЕТ »НЕОФИТ РИЛСКИ«
Keywords: financial regulations; blockchain; artificial intelligence; big data; FinTech; RegTech;SupTech;
Summary/Abstract: Rapid development of the high technologies sector undoubtedly reflects the present-day financial regulation. Innovations like blockchain, cloud computing and artificial intelligence underlie the foundations of newly appeared RegTech firms and SupTech initiatives and quickly appear in the toolbox of contemporary financial supervision. The article examines some key trends related to their involvement and implementation by financial institutions and supervisors. Several arguments supporting the thesis for gradual transition to a more integrated and interactive model of financial regulation, characterized by a change from institutional to platform financial regulatory infrastructure, are presented.
Journal: Икономика и управление
- Issue Year: 18/2021
- Issue No: 1
- Page Range: 1-18
- Page Count: 18
- Language: English