Fed ‘well positioned’ to regulate fintech firms – Brainard

Central bank sees value of caution, but is not looking to stifle innovation

Lael Brainard
US Federal Reserve governor Lael Brainard

The Federal Reserve is "well positioned" to shape the development of financial technology (fintech) in the US using tailored regulatory and supervisory expectations, governor Lael Brainard said today (December 2).

Brainard said it is "critical" that fintech firms understand the necessary legal protections and obligations when doing business, although regulators should also not impose "undue burdens" on firms whose innovations could offer broad social benefits.

The regulation of fintech is

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 info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com 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