Publication:
Regulating Alternative Finance: Results from a Global Regulator Survey

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dc.contributor.authorWorld Bank
dc.contributor.authorCambridge Centre for Alternative Finance
dc.date.accessioned2019-10-21T15:21:31Z
dc.date.available2019-10-21T15:21:31Z
dc.date.issued2019-10-21
dc.description.abstractThe survey aims to comprehensively and comparatively analyze how regulators from both developing and developed economies are regulating and supervising online alternative finance activities. The current gap is between the demand for finance by small and medium size enterprises (SMEs) and existing matching supply is estimated to be approximately $5 trillion worldwide. Fortunately, access to formal financial services has expanded tremendously over the past few years, fueled by Fintech solutions. Not only have they increased financial inclusion, they have also increased competition, driving prices lower and improving the quality of services offered. This momentum -driving access to transaction accounts and electronic payments- is crucial for financial inclusion, but firms and individuals also need access to credit, insurance, long-term savings and pension products and investment capital. This report focuses on peer-to-peer lending, equity crowdfunding and initial coin offerings, which constitute a rapidly growing segment of fintech for meeting credit, savings and investment needs. Survey findings informing this report are based on responses from regulators in more than one hundred and ten jurisdictions across the world. The survey identified expanded access to finance for firms and individuals and strengthened competition as primary triggers for advancing the development of alternative finance.en
dc.identifier.doi10.1596/32592
dc.identifier.urihttps://hdl.handle.net/10986/32592
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectFINTECH
dc.subjectFINANCIAL REGULATION
dc.subjectREGULATORY INNOVATION
dc.subjectCROWDFUNDING
dc.subjectPEAR-TO-PEER LENDING
dc.subjectINITIAL COIN OFFERING
dc.subjectALTERNATIVE FINANCE
dc.subjectREGULATION TECHNOLOGY
dc.titleRegulating Alternative Financeen
dc.title.subtitleResults from a Global Regulator Surveyen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleRegulating Alternative Finance
okr.date.disclosure2019-10-21
okr.doctypeEconomic & Sector Work
okr.doctypeEconomic & Sector Work::Other Financial Sector Study
okr.guid266801571428246032
okr.identifier.doi10.1596/32592
okr.identifier.report142764
okr.language.supporteden
okr.topicFinance and Financial Sector Development::E-Finance and E-Security
okr.topicFinance and Financial Sector Development::Finance and Development
okr.topicFinance and Financial Sector Development::Financial Regulation & Supervision
okr.topicFinance and Financial Sector Development::Financial Structures
okr.topicFinance and Financial Sector Development::Non Bank Financial Institutions
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