Regulating big tech and non-bank financial services in the digital era

Experiences from China highlight potential benefits of digital-bank and holding-company approaches

In the digital era, new forms of non-bank entities have emerged and gained increasingly prominent roles in providing financial services. These non-bank entities – particularly those associated with non-financial conglomerates and large technology companies (big tech) – pose new challenges for financial regulators, whether in terms of financial stability, level-playing-field competition or customer protection.

This article discusses emerging trends related to the rise of non-bank entities in the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account