Description

In both Asia and elsewhere, the impact of Fintech on the regulation of financial services and financial products has been significant. From a national perspective, the impact is reflected in regulatory sandboxes that involve the grant of licensing exemptions and conditional relief from regulatory requirements. From a cross-border perspective, the impact is reflected in the various cooperation arrangements that have been entered into between regulators and also between governments, which have come to be described as ‘Fintech bridges’. This chapter examines the potential impact of these arrangements on regulatory convergence and the harmonisation of law in Asia.

About The Speaker

Associate Professor Andrew Godwin holds several senior positions at Melbourne Law School: Associate Dean (Engagement), Director of Transactional Law, Director of Studies for the Graduate Program in Banking and Finance Law and Associate Director of the Asian Law Centre. Andrew’s teaching and research interests include finance and insolvency law, transactional law, financial regulation (particularly disclosure and regulatory systems), property law, the regulation of the legal profession and professional and transactional skills for lawyers. A former practitioner who spent 10 years in Shanghai, Andrew is the author of a critically acclaimed bilingual book that examines Chinese and English legal terminology and concepts: China Lexicon. He is also a co-author of Sackville & Neave Australian Property Law (10th edition), one of Australia’s leading texts on property law. Andrew is a regular contributor to academic and professional publications and has consulted to the private sector, government and international organisations, including the World Bank.