A Study on Legal Safeguards and Risk Control in FinTech Regulatory Sandboxes
Journal: Modern Economics & Management Forum DOI: 10.32629/memf.v6i3.4000
Abstract
This paper discusses the legal safeguards and risk control strategies in FinTech regulatory sandboxes. By analyzing the practice of international regulatory sandboxes and combining it with the actual situation in China, it proposes a set of legal safeguards framework and risk control system of regulatory sandboxes suitable for China's national conditions, aiming at balancing the relationship between FinTech innovation and financial stability and promoting the healthy development of FinTech. The study centers on exploring how to carry out FinTech innovation in a controlled environment, ensuring consumer protection and data privacy, preventing systemic financial risks, and promoting international regulatory coordination.
Keywords
FinTech; regulatory sandbox; legal safeguards; risk control
Full Text
PDF - Viewed/Downloaded: 1 TimesReferences
[1] Government Office for Science. (2015, March). FinTech futures: The UK as a world leader in financialtechnologies. https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/413095/gs-15-3-FinTech-futures.pdf
[2] Li, S., & Li, M. (2021). Reflection and prospects of FinTech regulation: A case study of “sandbox regulation.” Gansu Social Sciences, (3), 112–119.
[3] Zhao, J. (2017). The development and challenges of financial regulatory technology. Financial Research, (3), 5–15. https://doi.org/10.19602/j.cnki.cn11-1267/f.2017.03.005.
[4] Liu, S. (2021). The jurisprudential logic and institutional expansion of regulatory sandboxes. Modern Law Science, 43(1), 115–127.
[5] Ling, L., & Zhao, X. (2021). Challenges and improvement paths in FinTech regulation. China Administrative Management, (1), 155–156.
[6] Zhang, C. H., & Liu, J. (2020). Application of blockchain technology in financial regulation. Financial Regulation Research, (3), 78–89.
[7] Lü, S. J., & Xu, H. X. (2017). Dynamic analysis of science and technology innovation policy based on evolutionary game theory. Scientific Research on Science, 35(5), 641–650. https://doi.org/10.16192/j.cnki.1003-2053.2017.05.001.
[8] Song, Y. (2018). Evolutionary game study on internet financial regulation and innovation. Journal of Management Sciences, 21(6), 45–58. https://doi.org/10.19920/j.cnki.jmsc.2018.06.004.
[9] Xu, W. B., et al. (2019). Dynamic evolutionary path analysis of financial regulation and innovation. Systems Engineering Theory & Practice, 39(12), 3121–3132. https://doi.org/10.12011/1000-6788-2019-3121-12
[10] Financial Conduct Authority (FCA). (2023, November 29). Regulatory sandbox lessons learned report. https://www.fca.org.uk/publication/research/regulatory-sandbox-lessons-learned-report.pdf
[11] Monetary Authority of Singapore. (2021). Singapore FinTech ecosystem report. https://www.mas.gov.sg
[12] ASIC. (2022). Regulatory sandbox evaluation report. https://asic.gov.au
[13] People's Bank of China. (2021). White paper on financial technology innovation regulation.
[14] China Academy of Information and Communications Technology (CAICT). (2022). White paper on China’s cross-border data flow regulation. http://www.caict.ac.cn/kxyj/qwfb/bps/202212/t20221215_418953.htm
[2] Li, S., & Li, M. (2021). Reflection and prospects of FinTech regulation: A case study of “sandbox regulation.” Gansu Social Sciences, (3), 112–119.
[3] Zhao, J. (2017). The development and challenges of financial regulatory technology. Financial Research, (3), 5–15. https://doi.org/10.19602/j.cnki.cn11-1267/f.2017.03.005.
[4] Liu, S. (2021). The jurisprudential logic and institutional expansion of regulatory sandboxes. Modern Law Science, 43(1), 115–127.
[5] Ling, L., & Zhao, X. (2021). Challenges and improvement paths in FinTech regulation. China Administrative Management, (1), 155–156.
[6] Zhang, C. H., & Liu, J. (2020). Application of blockchain technology in financial regulation. Financial Regulation Research, (3), 78–89.
[7] Lü, S. J., & Xu, H. X. (2017). Dynamic analysis of science and technology innovation policy based on evolutionary game theory. Scientific Research on Science, 35(5), 641–650. https://doi.org/10.16192/j.cnki.1003-2053.2017.05.001.
[8] Song, Y. (2018). Evolutionary game study on internet financial regulation and innovation. Journal of Management Sciences, 21(6), 45–58. https://doi.org/10.19920/j.cnki.jmsc.2018.06.004.
[9] Xu, W. B., et al. (2019). Dynamic evolutionary path analysis of financial regulation and innovation. Systems Engineering Theory & Practice, 39(12), 3121–3132. https://doi.org/10.12011/1000-6788-2019-3121-12
[10] Financial Conduct Authority (FCA). (2023, November 29). Regulatory sandbox lessons learned report. https://www.fca.org.uk/publication/research/regulatory-sandbox-lessons-learned-report.pdf
[11] Monetary Authority of Singapore. (2021). Singapore FinTech ecosystem report. https://www.mas.gov.sg
[12] ASIC. (2022). Regulatory sandbox evaluation report. https://asic.gov.au
[13] People's Bank of China. (2021). White paper on financial technology innovation regulation.
[14] China Academy of Information and Communications Technology (CAICT). (2022). White paper on China’s cross-border data flow regulation. http://www.caict.ac.cn/kxyj/qwfb/bps/202212/t20221215_418953.htm
Copyright © 2025 Lina Jiang, Pin Shen, Xiaolu Hu
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
