FSB: No Systemic Risk from Fintech Now but Counsels Future Vigilance

International regulators say it's too soon for fintech such as blockchain or robo-advisors to pose a threat to financial stability, but warns that caution is still necessary.

Current systemic stability implications are few, the FSB says, but contagion effects could grow in the future.

The Financial Stability Board (FSB) released a report into financial stability issues arising from the growth in fintech on June 27, examining fintech applications by sector, and more specific developments, such as distributed-ledger technology (DLT) and robo-advice.

Given a lack of maturity in most fintech models, the report suggests, most developments are too embryonic to pose any sustained threat to financial stability at present, but microfinancial risks could be on the rise.


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SEC squares off with broker-dealers over data analytics usage

The Gensler administration has ruffled feathers in the broker-dealer community with a new proposal seeking to limit their use of predictive data analytics. But at the heart of this deal is something far more seismic: one of the first attempts by the SEC to regulate AI.

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