{"id":19812,"date":"2022-09-09T10:54:27","date_gmt":"2022-09-09T08:54:27","guid":{"rendered":"https:\/\/ebi-europa.eu\/?p=19812"},"modified":"2022-09-15T10:57:17","modified_gmt":"2022-09-15T08:57:17","slug":"publication-working-paper-series-no-123","status":"publish","type":"post","link":"https:\/\/ebi-europa.eu\/publication-working-paper-series-no-123\/","title":{"rendered":"Publication: Working Paper Series No. 123"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"19812\" class=\"elementor elementor-19812\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-acf00b6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" data-id=\"acf00b6\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6538e17\" data-id=\"6538e17\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f9b52a6 elementor-widget elementor-widget-text-editor\" data-id=\"f9b52a6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p style=\"font-weight: 400;\">EBI is happy to announce a contribution of\u00a0<strong>Dr.\u00a0Chusu He<\/strong> (University of Bath), <strong>Prof.\u00a0David T. Llewellyn<\/strong> (Loughborough University) and <strong>Prof.\u00a0Alistair Milne<\/strong> (Loughborough University) in the <strong><a href=\"https:\/\/ebi-europa.eu\/publications\/working-paper-series\/\">EBI Working Paper Series<\/a> No.\u00a0123<\/strong>. Their paper entitled <em><strong>\u201cFinancial Technologies and Financial Regulation\u201d<\/strong><\/em> was published on 18th May 2022.<\/p><p style=\"font-weight: 400;\">This paper analyses the challenges for financial regulation posed by new financial technologies. It provides a conceptual framework incorporating both new financial products and services and new institutional arrangements including decentralised finance without intermediaries. Four possible responses are identified: enhancing or adapting existing regulation, developing new regulation, reducing barriers to entry and exit and monitoring and regulating the \u2018permissionless\u2019\/\u2019permissioned\u2019 boundary. Competitive efficiency emerges as a third financial regulation objective alongside established conduct of business and prudential objectives. Trade-offs between these objectives can be improved through market level regulation of processes and data standards, alongside existing functional and institutional regulation.<\/p><p><span style=\"font-weight: 400;\">To read the entire paper, please follow <\/span><span style=\"font-weight: 400;\"><a href=\"https:\/\/ssrn.com\/abstract=4112406\">https:\/\/ssrn.com\/abstract=4112406<\/a><\/span><span style=\"font-weight: 400;\"> or <\/span><span style=\"font-weight: 400;\"><a href=\"https:\/\/dx.doi.org\/10.2139\/ssrn.4112406\">https:\/\/dx.doi.org\/10.2139\/ssrn.4112406<\/a>.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>EBI is happy to announce a contribution of\u00a0Dr.\u00a0Chusu He (University of Bath), Prof.\u00a0David T. Llewellyn (Loughborough University) and Prof.\u00a0Alistair Milne (Loughborough University) in the EBI Working Paper Series No.\u00a0123. Their paper entitled \u201cFinancial Technologies and Financial Regulation\u201d was published on &hellip; <\/p>\n","protected":false},"author":3,"featured_media":18250,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_price":"","_stock":"","_tribe_ticket_header":"","_tribe_default_ticket_provider":"","_tribe_ticket_capacity":"0","_ticket_start_date":"","_ticket_end_date":"","_tribe_ticket_show_description":"","_tribe_ticket_show_not_going":false,"_tribe_ticket_use_global_stock":"","_tribe_ticket_global_stock_level":"","_global_stock_mode":"","_global_stock_cap":"","_tribe_rsvp_for_event":"","_tribe_ticket_going_count":"","_tribe_ticket_not_going_count":"","_tribe_tickets_list":"[]","_tribe_ticket_has_attendee_info_fields":false,"footnotes":""},"categories":[62],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/ebi-europa.eu\/wp-json\/wp\/v2\/posts\/19812"}],"collection":[{"href":"https:\/\/ebi-europa.eu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ebi-europa.eu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ebi-europa.eu\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/ebi-europa.eu\/wp-json\/wp\/v2\/comments?post=19812"}],"version-history":[{"count":4,"href":"https:\/\/ebi-europa.eu\/wp-json\/wp\/v2\/posts\/19812\/revisions"}],"predecessor-version":[{"id":19816,"href":"https:\/\/ebi-europa.eu\/wp-json\/wp\/v2\/posts\/19812\/revisions\/19816"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ebi-europa.eu\/wp-json\/wp\/v2\/media\/18250"}],"wp:attachment":[{"href":"https:\/\/ebi-europa.eu\/wp-json\/wp\/v2\/media?parent=19812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ebi-europa.eu\/wp-json\/wp\/v2\/categories?post=19812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ebi-europa.eu\/wp-json\/wp\/v2\/tags?post=19812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}