Regulating Open Banking: Comparative Analysis of the EU, the UK and Taiwan

This book examines regulatory approaches to open banking (OB) by taking a broad view of comparative legal systems and through perspectives of transaction costs, public choice, and institutional design. It compares compulsory and voluntary approaches to OB policies and compares the legal systems between the West and an Asian economy.

Format: Hardback
Length: 98 pages
Publication date: 25 November 2022
Publisher: Taylor & Francis Ltd

The impact of FinTech transformations on global financial markets is undeniable, and it has prompted a keen interest among financial regulators across jurisdictions. In response to this evolving landscape, this groundbreaking book delves into the realm of open banking (OB), offering a comprehensive examination of regulatory approaches to this emerging phenomenon. By taking a broad view of comparative legal systems and considering various perspectives, including transaction costs, public choice, and institutional design, the book provides a unique insight into the legal implications of OB.

To facilitate a comprehensive analysis, the book employs a two-tiered comparative approach. Firstly, it compares compulsory and voluntary approaches to OB policies, exploring the differences in regulatory frameworks and the legal implications associated with each approach. Secondly, it compares the legal systems between the West, represented by the European Union (EU) and the United Kingdom (UK), and an Asian economy, namely Taiwan.

Through this comparative analysis, the book sheds light on the diverse legal frameworks and regulatory approaches adopted by different jurisdictions in their efforts to regulate OB. It identifies key challenges and opportunities that arise from the implementation of OB policies, and offers valuable recommendations for policymakers and regulators seeking to navigate this evolving landscape.

The impact of FinTech transformations on global financial markets is undeniable, and it has prompted a keen interest among financial regulators across jurisdictions. In response to this evolving landscape, this groundbreaking book delves into the realm of open banking (OB), offering a comprehensive examination of regulatory approaches to this emerging phenomenon. By taking a broad view of comparative legal systems and considering various perspectives, including transaction costs, public choice, and institutional design, the book provides a unique insight into the legal implications of OB.

To facilitate a comprehensive analysis, the book employs a two-tiered comparative approach. Firstly, it compares compulsory and voluntary approaches to OB policies, exploring the differences in regulatory frameworks and the legal implications associated with each approach. Secondly, it compares the legal systems between the West, represented by the European Union (EU) and the United Kingdom (UK), and an Asian economy, namely Taiwan.

Through this comparative analysis, the book sheds light on the diverse legal frameworks and regulatory approaches adopted by different jurisdictions in their efforts to regulate OB. It identifies key challenges and opportunities that arise from the implementation of OB policies, and offers valuable recommendations for policymakers and regulators seeking to navigate this evolving landscape.

The book is a valuable resource for scholars, researchers, policymakers, and practitioners interested in understanding the legal implications of FinTech transformations and open banking. It provides a comprehensive and interdisciplinary approach to the study of OB, drawing on insights from various fields such as law, economics, and finance. By examining the legal aspects of OB, the book contributes to the ongoing debate about the future of financial regulation and the role of technology in shaping the financial landscape.

In conclusion, the impact of FinTech transformations on global financial markets is undeniable, and it has prompted a keen interest among financial regulators across jurisdictions. This groundbreaking book delves into the realm of open banking (OB), offering a comprehensive examination of regulatory approaches to this emerging phenomenon. By employing a two-tiered comparative analysis and considering various perspectives, the book provides valuable insights into the legal implications of OB and offers recommendations for policymakers and regulators seeking to navigate this evolving landscape. As the FinTech landscape continues to evolve, this book will remain a valuable resource for scholars, researchers, policymakers, and practitioners interested in understanding the legal implications of this transformative technology.

Weight: 360g
Dimension: 216 x 138 (mm)
ISBN-13: 9780367647957