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Books > Business & Economics > Finance & accounting > Finance
This book provides both practice-oriented and academic insights
into the disruptive power of fintech for the banking industry. It
explores (1) whether and how the banking industry can use newly
emerging technologies in the financial sphere to its advantage
while managing any associated risks, (2) how these technologies
affect traditional banking service formats as well as the pricing
of these services, and (3) whether the emergence of fintech in the
banking industry calls for a rethinking of existing banking
regulations such as the Basel Accords as well as country-specific
regulations. Prior publications in this area typically examine both
current applications of fintech in the banking industry, as well as
its future prospects, by analyzing actual cases or exploring the
impact of a single emerging technology on the banking industry.
They often ignore the interdependence between emerging technologies
and overlook the connection between fintech as a whole and the
future of the banking industry. This book addresses this gap by
providing a comprehensive overview of various fintech applications
and by analyzing what they mean for the future of banking. Given
the potentially disruptive power of fintech, the book will focus on
the challenges banking supervisors are likely to encounter as a
result of fintech's continual ascent. It will thus encourage
readers to think about and explore how to find a balance between
the beneficial aspects of fintech and the challenges it creates in
terms of supervision, regulation, and risk management.
This book covers three topics that have dominated financial market
regulation and supervision debates: digital finance, sustainable
finance, and the Banking and Capital Markets Union. Within the
first part, seven chapters will tackle specific questions arising
in digital finance, including but not limited to artificial
intelligence, tokenisation, and international regulatory
cooperation in digital financial services. The second part
addresses one of humanity's most pressing issues today: the climate
crisis. The quest for sustainable finance is driven by political
actors and a common understanding that climate change is a severe
threat. As financial institutions are a cornerstone of human
interaction, they are in the regulatory spotlight. The chapters
explore sustainability in EU banking and insurance regulation, the
interrelationship between systemic risk and sustainability, and the
'greening' of EU monetary policy. The third part analyses two
projects that have led to huge structural changes in the European
financial market architecture over the last decade: the European
Banking Union and Capital Markets Union. This transformation has
raised numerous legal questions that can only gradually be answered
in all their intricacies. In four chapters, this book examines
composite procedures, property rights of depositors in banking
resolution, preemptive financing arrangements and the phenomenon of
subsidiarisation in the context of Brexit. Of interest to
academics, policymakers, practitioners, and students in the field
of EU financial regulation, banking law, securities law, and
regulatory law, this book offers a compilation of analyses on
pressing banking and capital markets law problems.
This reprinted edition of a classic and truly seminal book, written
by one of the leading thinkers in the field, represents the first
comprehensive treatment of the economic theory of multi-level
government. It explores the specific economic roles of the various
levels of government, the assignment of different forms of taxation
to central, state (provincial), and local governments, and the
fiscal links between tiers of government provided by
intergovernmental grants. This reprinted edition includes a new
preface that briefly describes the origins of the book and comments
on the evolution of the theory and practice of fiscal federalism
since its original publication. The primary interest in the book
will come from scholars and graduate students interested in
multi-level public finance and public economics.
The emergence of financial technology (FinTech)-related products is
causing major disruptions in financial services that enable
financial solutions and innovative business models resulting in the
fusion of finance and smart mobile technology. As ASEAN is
undergoing a paradigm shift from government-to-government (G2G) to
community-to-community (C2C) relationships with the emphasis on
integration and collaboration, the adoption of FinTech and its
possible future directions needs to be studied further. Financial
Technology and Disruptive Innovation in ASEAN provides an
assortment of innovative research that explores the recent FinTech
initiative in ASEAN with respect to its process, strategies,
challenges, and outcomes and highlights new business models,
products, and services that affect financial markets and
institutions and the provision of financial services. While
highlighting topics including blockchain technology, cloud
computing, and mobile banking, this book is ideally designed for
business executives, managers, entrepreneurs, financial and banking
practitioners, policymakers, academicians, students, professionals,
and researchers.
Contains analyses that are designed to highlight specified subject
areas or provide other significant presentations of budget data
that place the budget in perspective. This volume includes economic
and accounting analyses; information on federal receipts and
collections; analyses of federal spending; information on federal
borrowing and debt; baseline or current service estimates; and
other technical presentations.
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