Modernizing Digital Financial Regulation: The Evolving Role of RegLabs in the Regulatory Stack
Omidyar Network has sponsored a new report by The Aspen Institute’s Financial Security Program on the topic of financial sandboxes or RegLabs as tool to modernize financial regulation and improve engagement with innovators.
“Modernizing Digital Financial Regulation” brings a comprehensive analysis of the global regulatory sandbox landscape, examines legal and regulatory frameworks of proposed RegLabs across the world, and interviews dozens of regulators, financial institutions, and innovators.
Our support of this research stems from the desire to encourage better engagement between financial regulators and innovators in the space. RegLabs allow experimentation with new financial products with regulatory oversight, helping regulators to modernize their operations while better balancing risk, innovation, and consumer protection.
Read the full report here.
View the executive summary here.