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dc.titleAlternative Finance (Crowdfunding) Regulation in Latin America and the Caribbean: A Balancing Act
dc.contributor.authorHerrera, Diego
dc.contributor.orgunitCapital Markets and Financial Institutions Division
dc.coverageLatin America
dc.coverageThe Caribbean
dc.date.available2016-09-09T00:00:00
dc.date.issue2016-09-09T00:00:00
dc.description.abstractAlternative finance (AF) or "crowdfunding" is the most notable financial technology (fintech) business model in Latin America and the Caribbean. Although still small in volume, reaching US$110.46 million across the region, its rapid growth poses a challenge for regulators. This paper offers a conceptual understanding of the typical enterprise model for AF, and from it describes the main challenges for regulators. It proposes recommendations for policymakers and regulators, taking into account the need for balance and proportion in terms of the nature, size, and character of the platform.
dc.format.extent41
dc.identifier.doihttp://dx.doi.org/10.18235/0007021
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Alternative-Finance-(Crowdfunding)-Regulation-in-Latin-America-and-the-Caribbean-A-Balancing-Act.pdf
dc.language.isoen
dc.mediumAdobe PDF
dc.publisherInter-American Development Bank
dc.subjectFinancial Regulation
dc.subjectFinancial Market
dc.subjectConsumer Protection
dc.subjectSmall Business
dc.subjectFinancial Service
dc.subjectCredit Risk
dc.subjectAccess to Finance
dc.subjectProductive Development Policy
dc.subject.jelcodeG23 - Non-bank Financial Institutions • Financial Instruments • Institutional Investors
dc.subject.jelcodeG28 - Government Policy and Regulation
dc.subject.keywordscrowdfunding;financial institution;alternative finance;fintech;financial market;financial regulation;financial services
dc.typeDiscussion Papers
idb.identifier.pubnumberDiscussion Papers
idb.operationRG-T2631
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