Tag Archives: FinTech

Equity crowdfunding (ECF)—also referred to as securities crowdfunding or investment crowdfunding—is an alternative finance model that was projected to become the leading source of funding for start-up companies by 2020 ahead of venture capital. To emphasize its economic impact, in previous scholarship we estimated that in 2018 alone, over $400 million was raised through ECF from just four countries:… Read More »

Multinational Enterprises (MNEs) are crucial players in the world economy. They shape global production through Foreign Direct Investment (FDI), are responsible for about two-thirds of international trade flows, and are important transnational employers. Their activities are thus of primary interest both for academic economists and policymakers. From the host countries’ standpoint, FDI is frequently praised for… Read More »

Facebook, Instagram, Twitter, and several other social media companies have once again fallen under public scrutiny. This time, Congress is investigating several social media platforms in connection with the January 6thinsurrection. Further, Facebook recently conducted its own research on Instagram users, and company documents acknowledge the app negatively impacts mental health. While researchers continue to study the negative effects… Read More »

From lending to payment processing, the core functions of banks are increasingly performed by financial technology (fintech) firms. But U.S. law has struggled to accommodate the rise of fintech. To catch up to the market, state and federal officials have undertaken a diverse array of regulatory initiatives. Numerous regulators have relied on the prevailing paradigm… Read More »

In October 2020, the UK Financial Conduct Authority (‘FCA’) imposed a ban on the selling of cryptocurrency-related derivatives (‘crypto derivatives’) to retail investors. The FCA implemented this ban after concluding that cryptocurrency as a reference asset in any derivatives product is opaque, complex, and unreliable. In Europe, the European Securities and Markets Authority (‘ESMA’) has taken a… Read More »

In September 2020, the European Commission released a proposed regulation on digital operational resilience for the financial sector (“DORA”), which aims to establish a detailed and comprehensive framework on digital operational resilience for financial entities in the European Union (“EU”). DORA includes provisions governing the management of risks associated with financial entities’ outsourcing to technology service providers… Read More »