ABSTRACT

Financial technology is rapidly changing and shaping financial services and markets. These changes are considered making the future of finance a digital one.This Handbook analyses developments in the financial services, products and markets that are being reshaped by technologically driven changes with a view to their policy, regulatory, supervisory and other legal implications. The Handbook aims to illustrate the crucial role the law has to play in tackling the revolutionary developments in the financial sector by offering a framework of legally enforceable principles and values in which such innovations might take place without threatening the acquis of financial markets law and more generally the rule of law and basic human rights.

With contributions from international leading experts, topics will include: 

  • Policy, High-level Principles, Trends and Perspectives
  • Fintech and Lending
  • Fintech and Payment Services
  • Fintech, Investment and Insurance Services
  • Fintech, Financial Inclusion and Sustainable Finance
  • Cryptocurrencies and Cryptoassets
  • Markets and Trading
  • Regtech and Suptech

This Handbook will be of great relevance for practitioners and students alike, and a first reference point for academics researching in the fields of banking and financial markets law.

part Part I|116 pages

Policy, high-level principles, trends and perspectives

chapter 21|24 pages

Artificial intelligence and machine learning in the financial sector

Legal-methodological challenges of steering towards a regulatory ‘whitebox’
ByGudula Deipenbrock

chapter 2|17 pages

Smart contracts and civil law challenges

Does legal origins theory apply?
ByFlorian Möslein

chapter 3|18 pages

Fintech and the limits of financial regulation

A systemic perspective
BySaule T Omarova

chapter 4|16 pages

A regulatory roadmap for financial innovation

ByCristie Ford

chapter 5|18 pages

FinTech and the law and economics of disintermediation

ByFatjon Kaja, Edoardo D Martino, Alessio M Pacces

chapter 6|21 pages

Financial technologies and systemic risk

Some general economic observations
ByAnja Eickstädt, Andreas Horsch

part Part II|40 pages

Fintech and lending

chapter 1187|19 pages

FinTech credit firms

Prospects and uncertainties
ByFrancesco De Pascalis

chapter 8|19 pages

Fintech credit and consumer financial protection

ByNikita Aggarwal

part Part III|34 pages

Fintech and payment services

chapter 1589|18 pages

EU payment services regulation and international developments

ByAlan Brener

chapter 10|14 pages

Current and future liability concepts in European financial market regulation

ByMarte Eidsand Kjørven

part Part IV|54 pages

Fintech, investment and insurance services

chapter 19211|20 pages

Robo advice – Legal and regulatory challenges*

ByWolf-Georg Ringe, Christopher Ruof

chapter 12|14 pages

Insurance and the legal challenges of automated decisions

An EU perspective
ByPaola Manes

chapter 13|18 pages

Exchange-traded funds (ETFs) and FinTech

Market efficiency and systemic risk
ByJay Cullen

part Part V|62 pages

Fintech, financial inclusion and sustainable finance

chapter 24614|26 pages

FinTech, financial inclusion and the UN Sustainable Development Goals* 1

ByRoss P Buckley, Dirk A Zetzsche, Douglas W Arner, Robin Veidt

chapter 15|18 pages

Digital transformation and financial inclusion

ByKern Alexander, Xenia Karametaxas

chapter 16|16 pages

Disintermediation in fund-raising

Marketplace investing platforms and EU financial regulation
ByEugenia Macchiavello

part Part VI|72 pages

Cryptocurrencies and cryptoassets

chapter 30817|15 pages

Cryptoassets in private law

ByJason Grant Allen

chapter 18|17 pages

Cryptocurrencies

Development and perspectives
ByMichael Anderson Schillig

chapter 19|15 pages

Distributed ledger technology and sovereign financing

ByAstrid Iversen

chapter 20|23 pages

Law and regulation for a crypto-market

Perpetuation or innovation?
ByJoseph Lee

part Part VII|50 pages

Markets and trading

part Part VIII|36 pages

Regtech and Suptech

chapter 43023|16 pages

‘Computer says no’– benefits and challenges of RegTech

ByVeerle Colaert

chapter 24|18 pages

FinTech, RegTech and SupTech

Institutional challenges to the supervisory architecture of the financial markets
ByPaola Chirulli