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Alternative Finance in the New Digital World - Some Regulatory Challenges

Author

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  • Nedyalko Valkanov

    (University of Economics - Varna, Varna, Bulgaria)

Abstract

The article analyzes the role of Fintech and BigTechs as alternative financial institutions. It notes also the emerging of some conceptually new mechanisms for the creation and distribution of financial products and services based on platform solutions and in the absence of a centralized intermediary institution. In this context it is discussed whether alternative finance does not create a new boundary problem and what related risk are to be tackled. Arguments are given in support of the need for complex, integrated and high-tech supervision of this increasingly popular segment of the financial system and complex risk categories are proposed.

Suggested Citation

  • Nedyalko Valkanov, 2022. "Alternative Finance in the New Digital World - Some Regulatory Challenges," Izvestia Journal of the Union of Scientists - Varna. Economic Sciences Series, Union of Scientists - Varna, Economic Sciences Section, vol. 11(2), pages 29-38, August.
    • Handle: RePEc:vra:journl:v:11:y:2022:i:2:p:29-38
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    File URL: http://su-varna.org/journal/IJUSV-ESS/2022.11.2/29-38.pdf
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    References listed on IDEAS

    as
    1. Raphael Auer, 2019. "Embedded supervision: how to build regulation into blockchain finance," BIS Working Papers 811, Bank for International Settlements.
    2. Raphael A. Auer, 2022. "Embedded Supervision: How to Build Regulation into Decentralised Finance," CESifo Working Paper Series 9771, CESifo.
    3. Goodhart, Charles, 2008. "The Boundary Problem in Financial Regulation," National Institute Economic Review, National Institute of Economic and Social Research, vol. 206, pages 48-55, October.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    FinTech; BigTech; Financial Regulation;
    All these keywords.

    JEL classification:

    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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