The Global Harmonization of Derivatives Regulation: The Role of Fintech in Facilitating Cross-Border Compliance
DOI:
https://doi.org/10.47363/JMSCM/2023(2)149Keywords:
Derivatives Regulation, Fintech, Compliance Costs, Regtech, Cross-Border Compliance, Regulatory Harmonization, Risk ManagementAbstract
The burgeoning international derivatives market demands a more unified approach to regulation. Current inconsistencies across jurisdictions create significant compliance burdens for firms, hindering market efficiency and financial stability. This paper explores the potential of fintech solutions to bridge this gap. By examining the challenges of cross-border derivatives compliance, we analyze how innovative technologies can streamline reporting, automate risk management, and enhance data standardization. The paper argues that fintech can be a powerful tool for facilitating global regulatory harmonization, promoting transparency and mitigating systemic risk in the derivatives market.
