Here, we follow our initial client alert on the BIS’s very worried assessment of tech-platform finance with an in-depth analysis of key points and their implications for an array of far-reaching tech-finance developments. As with the FSB’s recent statement on decentralized fintech (see Client Report FINTECH24) and much else from global regulators, the BIS assessment makes the obligatory nod to the benefits of innovation and inclusion, goes into depth on an array of structural and consumer risks, and then concludes with non-specific recommendations for increased coordination.
The full report is available to retainer clients. To find out how you can sign up for the service, click here.