Description
FinTech transformations have brought changes to the global financial markets and merit the attention of financial regulators across jurisdictions.
This book is one of the first ones of its kind to look at open banking (OB). It examines regulatory approaches to OB by taking a broad view of comparative legal systems and through perspectives of transaction costs, public choice, and institutional design.
The book looks at the legal implications by engaging in a two-tiered comparative analysis: comparing between compulsory and voluntary approaches to OB policies and comparing the legal systems between the West (i.e., the EU and the UK) and an Asian economy (i.e., Taiwan).
Table of Contents
1.Introduction: Compulsory Versus Voluntary Approaches to Open Banking 2. A New Era of Financial Innovation: Information as an Important Factor in Shaping the Digital Finance 3. Experiences of the EU and the UK in Advocating Open Banking 4. Open Banking or Open Only to Banks? A Comparative Perspective in Regulatory Policies from the EU and the UK to Taiwan 5. An Approach that Truly Promotes Financial Innovation, Competition, and Inclusion in the Era of FinTech
