Includes bibliographical references (pages 231-249) and index.
Contents:
Epilogue: Financial services in the twenty-first century : what future for DLTs, blockchain and virtual currencies? DLTs, blockchain and distributed ledgers : scope, definitions and headline legal and regulatory issues -- Cash and cash alternatives as retail payment media : state of play and scope for digital innovation-driven alternatives -- Virtual currencies as retail payment media : core legal issues -- Use cases of digital innovation in the financial services field : DLT-enabled smart contracts, instant payments and their legal aspects -- DLTs and their application in securities issuances, clearing and settlement : risks, benefits and legal challenges -- Digital innovation, central banks and monetary policy : the case of central bank-issued digital currencies -- Epilogue: Financial services in the twenty-first century : what future for DLTs, blockchain and virtual currencies?
Summary:
Digital Innovation in Financial Services' is a comprehensive legal assessment of FinTech or digital financial innovation covering its potential applications to payments, securities clearing and settlement, crowd-funding, and central banking. It is the first systematic attempt at proposing a conceptual framework against which to consider the most advisable regulatory policy approach vis-a-vis this incipient phenomenon. Consumer behaviour is rapidly trending towards the use of digital devices as instruments through which to transact day-to-day business. This book shows how the global digitisation trend and the steadily rising consumer demand for innovation in the field of financial services create new opportunities not only for retail consumers but also for financial service providers, regulators, and central banks. The author offers a comprehensive overview of these opportunities and their countervailing legal and regulatory challenges.
Series:
International banking and finance law series ; volume 34
This resource is supported by the Institute of Museum and Library Services under the provisions of the Library Services and Technology Act as administered by State Library of Iowa.