Regulating Alternative Finance : Results from a Global Regulator Survey

The 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 ma...

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Main Authors:	World Bank, Cambridge Centre for Alternative Finance
Format:	Report
Published:	World Bank, Washington, DC 2019
Subjects:	FINTECH FINANCIAL REGULATION REGULATORY INNOVATION CROWDFUNDING PEAR-TO-PEER LENDING INITIAL COIN OFFERING ALTERNATIVE FINANCE REGULATION TECHNOLOGY
Online Access:	http://hdl.handle.net/10986/32592

id	okr-10986-32592
recordtype	oai_dc
spelling	okr-10986-325922021-05-25T09:28:52Z Regulating Alternative Finance : Results from a Global Regulator Survey World Bank Cambridge Centre for Alternative Finance FINTECH FINANCIAL REGULATION REGULATORY INNOVATION CROWDFUNDING PEAR-TO-PEER LENDING INITIAL COIN OFFERING ALTERNATIVE FINANCE REGULATION TECHNOLOGY The 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. 2019-10-21T15:21:31Z 2019-10-21T15:21:31Z 2019-10-21 Report http://hdl.handle.net/10986/32592 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Other Financial Sector Study
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
topic	FINTECH FINANCIAL REGULATION REGULATORY INNOVATION CROWDFUNDING PEAR-TO-PEER LENDING INITIAL COIN OFFERING ALTERNATIVE FINANCE REGULATION TECHNOLOGY
spellingShingle	FINTECH FINANCIAL REGULATION REGULATORY INNOVATION CROWDFUNDING PEAR-TO-PEER LENDING INITIAL COIN OFFERING ALTERNATIVE FINANCE REGULATION TECHNOLOGY World Bank Cambridge Centre for Alternative Finance Regulating Alternative Finance : Results from a Global Regulator Survey
description	The 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.
format	Report
author	World Bank Cambridge Centre for Alternative Finance
author_facet	World Bank Cambridge Centre for Alternative Finance
author_sort	World Bank
title	Regulating Alternative Finance : Results from a Global Regulator Survey
title_short	Regulating Alternative Finance : Results from a Global Regulator Survey
title_full	Regulating Alternative Finance : Results from a Global Regulator Survey
title_fullStr	Regulating Alternative Finance : Results from a Global Regulator Survey
title_full_unstemmed	Regulating Alternative Finance : Results from a Global Regulator Survey
title_sort	regulating alternative finance : results from a global regulator survey
publisher	World Bank, Washington, DC
publishDate	2019
url	http://hdl.handle.net/10986/32592
_version_	1764476869850169344

Regulating Alternative Finance : Results from a Global Regulator Survey

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