Fintech

DESCRIPTION

This course will introduce students to the legal, economic and technological issues raised by financial technology (FinTech). Problems in dealing with disruptive innovations will be highlighted and answers sought. For example, cryptocurrencies are offered all around the world and decentralized finance (DeFi) protocols are accessible from anywhere. This model creates immense challenges for supervisors and regulators. The questions they are confronting are the possibility of applying regulatory standards, extraterritoriality, the exchange of information with other jurisdictions' authorities and the deference to foreign standards. Equally complex issues arise from the emergence of new payment service providers, robo-advisors and crowdfunding platforms. These questions will be examined, as well as the evolving response of global regulatory coordination and cooperation.