The International Organization of Securities Commissions (IOSCO) has published a research report on financial technologies (fintech), including its intersection with securities markets regulation.
The report describes a variety of innovative business models and emerging technologies:
- financing platforms: peer-to-peer lending and equity crowdfunding;
- retail trading and investment platforms, including robo-advisers and social trading;
- institutional trading platforms, with a specific focus on innovation in bond trading platforms; and
- distributed ledger technologies, including application of blockchain technology and shared ledgers to the securities markets.
The report analyses both the opportunities and risks that each of these new technologies presents to investors, securities markets and their regulators.
View IOSCO analyses potential of tech-driven change in the securities market industry, 8 February 2017