Skip to Main Content
The REGTECH Book
book

The REGTECH Book

by Janos Barberis, Douglas W. Arner, Ross P. Buckley
August 2019
Intermediate to advanced content levelIntermediate to advanced
392 pages
14h 11m
English
Wiley
Content preview from The REGTECH Book

I Regulate, Therefore I Am? Regulating Humans’ and Machines’ Conduct and Culture

By Dr Daniel Gozman1, Jonathan Liebenau 2 and Paul Ferris3 *

1Senior Lecturer, The University of Sydney Business School

2Professor (Reader), The London School of Economics and Political Science

3CEO, ObjectTech Group

A Brave New World of Regulated Activity

Despite the widespread adoption of complex mathematical models and scientific methods, financial services firms require consumers to place trust and faith in their services and products for the economy to thrive and prosper. Yet, trust in financial and regulatory organizations has been considerably eroded following a spate of systemic breaches in firms post the financial crisis. Public fury has built regarding the roots of the Great Recession and the firms and regulators that contributed to it, resulting in a widely held perception that the financial services industry is deeply compromised through ‘cynical greed’ and ‘malpractice’.1 Examples often cited include the London Interbank Offered Rate/foreign exchange (LIBOR/FX) benchmark rate rigging scandals, protected personal information (PPI), money laundering scandals, and the deliberate misleading of investors buying mortgage-backed securities.2 This has led government and regulators to review and enhance regulations, placing an economic burden on firms to tighten their practices through more stringent regulation (second Markets in Financial Instruments Directive [MIFID II]) and accountability ...

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

The PAYTECH Book

The PAYTECH Book

Susanne Chishti, Tony Craddock, Robert Courtneidge, Markos Zachariadis
The INSURTECH Book

The INSURTECH Book

Sabine L.B VanderLinden, Shân M. Millie, Nicole Anderson, Susanne Chishti
The WEALTHTECH Book

The WEALTHTECH Book

Susanne Chishti, Thomas Puschmann

Publisher Resources

ISBN: 9781119362142Purchase book