Such is the unique nature of artificial intelligence in that inputs don’t produce predictable outputs that regulators and industry will have to think carefully about the governance structures surrounding this unique technology

The Hong Kong Monetary Authority's new virtual banking licence could prove to be a significant stimulant to competition in its banking market – but there are concerns that some regulatory demands are too steep. Dan Barnes reports.

The commoditisation of data and the electronification of financial markets has led to new types of trading, which are increasingly challenging central bank mandates over managing areas such as monetary policy, a BIS report warns. By Dan Barnes

The FCA has attracted 12  other regulators in a bid to create a global sandbox helping bring regulators together to collaborate more closely as well as enabling fintech firms to go global more quickly

Such are the growing demands in supervision, whether it be related to anti-money laundering or picking up market abuse, that regulators are being forced to turn to technology or ‘sup-tech’. By Dan Barnes.

Regulators trying to keep pace with the rapid evolution of cryptocurrencies are coming up with many different approaches in their quest to balance risk without stifling innovation. However, this is creating considerable uncertainty for legitimate cryptocurrency participants. By Dan Barnes.  

Machine-readable rules hold the promise of better compliance and reduced compliance costs for financial firms. Some policy-makers are likely to view them as a competitive advantage in attracting firms to operate in their jurisdiction

Supporting the unbanked will require a careful nurturing of new ideas if Africa is to develop more champions like M-Pesa, and that also means altering regulatory structures to support innovation. By Dan Barnes.

The EU is being torn by Brexit, harmonisation and equivalence, making the fintech framework a very necessary, if small step forward. By Dan Barnes

Europe’s need for regulatory harmony may stand at odds with a need to adopt technology ahead of setting standards. By Dan Barnes.