Innovation hubs should help central banks update regulation – panellists


Central banks should use innovation hubs and sandboxes to alter regulation to be more appropriate for fintech firms, say central bankers.

Panellists speaking at Central Banking’s Fintech & Regtech Virtual Summit today (September 16) said such tools can provide fintech firms with a valuable opportunity to ask central banks questions about regulatory obligations and compliance. The exchange of information can benefit both parties.

“Close co-operation and engagement is crucial to ensure

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