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dc.titleRegulatory Sandboxes in Latin America and the Caribbean for the FinTech Ecosystem and the Financial System
dc.contributor.authorHerrera, Diego
dc.contributor.authorVadillo, Sonia
dc.contributor.orgunitConnectivity, Markets and Finance Division
dc.coverageLatin America and the Caribbean
dc.date.available2018-03-13T00:00:00
dc.date.issue2018-03-07T00:00:00
dc.description.abstractThe FinTech industry has grown significantly in Latin America and the Caribbean and has become an alternative for improving regional financial inclusion levels. However, the innovations brought about by this growth pose a series of challenges for regulators and financial supervisors, who are tasked with reducing uncertainty associated with the phenomenon. Regulatory sandboxes are tools to mitigate uncertainty in a controlled environment in which companies can test their services under the financial regulator’s oversight. There is a possibility that the region can advance toward common principles to allow ecosystem development and regulatory convergence among the different countries.
dc.format.extent41
dc.identifier.doihttp://dx.doi.org/10.18235/0007982
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Regulatory-Sandboxes-in-Latin-America-and-the-Caribbean-for-the-FinTech-Ecosystem-and-the-Financial-System.pdf
dc.identifier.urlhttps://publications.iadb.org/publications/spanish/document/Sandbox-regulatorio-en-América-Latina--el-Caribe-para-el-ecosistema-Fintech-y-el-sistema-financiero.pdf
dc.identifier.urlhttps://publications.iadb.org/publications/portuguese/document/Sandbox-regulatório-na-América-Latina-e-Caribe-para-o-ecossistema-FinTech-e-o-sistema-financeiro.pdf
dc.language.isoen
dc.mediumAdobe PDF
dc.publisherInter-American Development Bank
dc.subjectInnovation
dc.subjectFinancial Market
dc.subjectInnovation Policy
dc.subjectInnovation Ecosystem
dc.subjectCentral Bank Money
dc.subjectMobile Banking
dc.subjectBank Risk-Taking
dc.subjectDigital Payment
dc.subjectFinancial Regulation
dc.subjectFinancial System
dc.subject.jelcodeG23 - Non-bank Financial Institutions • Financial Instruments • Institutional Investors
dc.subject.jelcodeG28 - Government Policy and Regulation
dc.subject.keywordscrowdfunding;finanzas alternativas;fintech;instituciones financieras;mercados financieros;regulación financiera;sandbox regulatorio;servicios financieros
dc.typeDiscussion Papers
idb.identifier.pubnumberDiscussion Papers
idb.operationRG-T2631
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