[20190425]IF11195_金融创新：减少金融科技监管的不确定性 .pdf

https:/crsreports.congress.gov April 25, 2019Financial Innovation: Reducing Fintech Regulatory Uncertainty Many companies are developing innovative financial technologyor fintech. Broadly, fintech aspires to provide financial products using technological advances. Given that most of the federal financial regulatory framework was created prior to these technologies, fintech companies often face uncertainty over howor whetherexisting federal laws and regulations may apply to them or their products. Thus, policymakers may consider ways to reduce regulatory uncertainty and integrate fintech into the regulatory framework. This often involves balancing efforts to encourage innovation while protecting consumers and the financial system from excessive risk. This In Focus examines regulatory uncertainty related to fintech and analyzes possible policy approaches and recent regulatory initiatives that may reduce it. Fintech and Regulatory Uncertainty Fintech is an inclusive term that can encompass many technologies providing an array of financial services or products (see Table 1 for examples). The existing regulatory structure, however, may not always have clear rules for new types of finte