scholarly journals Analyzing the Impacts of Financial Services Regulation to Make the Case That Buy-Now-Pay-Later Regulation Is Failing

2021 ◽  
Vol 13 (4) ◽  
pp. 1992
Author(s):  
Di Johnson ◽  
John Rodwell ◽  
Thomas Hendry
Keyword(s):  
Financial Services ◽  
Market Failure ◽  
Developed Countries ◽  
Financial Knowledge ◽  
Regulatory Capture ◽  
Multiple Forms ◽  
Financial Services Regulation ◽  
The Future ◽  
Regulatory Failure ◽  
Broad Level

Fee-based Buy-Now-Pay-Later services (BNPL) are becoming widely adopted in many developed countries, including Australia. Across a variety of regulatory approaches there appears to be relatively minimal regulatory coverage of fee-based BNPL. This review applies a results-oriented, behaviourally informed market failure approach to assess the regulatory outcomes of fee-based BNPL. The review makes the case that the impacts of the regulation of fee-based BNPL in Australia demonstrate multiple forms of regulatory failure. The regulatory failure is particularly due to regulatory capture at a broad level and especially in terms of a lack of consumer protections. Consumers may particularly need consideration and protection because understanding the increasing complexity and financial knowledge at the heart of many fintech services is beyond the capability or responsibility of the consumer. Incorporating social and consumer considerations into analyses of regulatory structures can enable analyses of the regulation of fintech and move financial services regulation toward providing more socially useful and sustainable financial services. In the future, a behaviourally informed approach to the regulation of fintech may be beneficial and enhance sustainability.

FINANCIAL SERVICES REGULATION UNDER THE FINANCIAL SERVICES AUTHORITY: A REASSERTION OF THE MARKET FAILURE THESIS?

2005 ◽  
Vol 64 (2) ◽  
pp. 413-448 ◽  
Author(s):  
Harry McVea
Keyword(s):  
Financial Markets ◽  
Financial Services ◽  
Market Failure ◽  
Point Of View ◽  
Market Regulation ◽  
Financial Market Regulation ◽  
Financial Services Regulation ◽  
The Us ◽  
Depression Era ◽  
Regulatory Controls

DESPITE the fact that the “nature, role and form” of financial market regulation has varied—sometimes significantly—from jurisdiction to jurisdiction, traditionally there has been a remarkable degree of unanimity about the need for comprehensive regulatory controls governing the operations of financial institutions and the financial markets more generally. In essence, this consensus derives from a conception of financial markets as being sufficiently distinct from other kinds of economic activity, such as manufacturing electrical goods, or the marketing of adventure holidays, to require extensive regulation and oversight. From a descriptive point of view, the inspiration for much of this regulation—at least in its statutory form—can very often be traced to various reactions to financial crises. In the US, for example, extensive Federal Securities legislation, which has been in place since the 1930s, was Congress’s response to bank runs and alleged financial abuses in the depression era.

scholarly journals Financial technology and the future of banking

2021 ◽  
Vol 7 (1) ◽  
Author(s):  
Daniel Broby
Keyword(s):  
Financial Services ◽  
Empirical Investigation ◽  
Analytical Framework ◽  
Shadow Banking ◽  
Customer Acquisition ◽  
Market Participants ◽  
Digital World ◽  
The Future ◽  
Technology Applications ◽  
Financial Technology

AbstractThis paper presents an analytical framework that describes the business model of banks. It draws on the classical theory of banking and the literature on digital transformation. It provides an explanation for existing trends and, by extending the theory of the banking firm, it illustrates how financial intermediation will be impacted by innovative financial technology applications. It further reviews the options that established banks will have to consider in order to mitigate the threat to their profitability. Deposit taking and lending are considered in the context of the challenge made from shadow banking and the all-digital banks. The paper contributes to an understanding of the future of banking, providing a framework for scholarly empirical investigation. In the discussion, four possible strategies are proposed for market participants, (1) customer retention, (2) customer acquisition, (3) banking as a service and (4) social media payment platforms. It is concluded that, in an increasingly digital world, trust will remain at the core of banking. That said, liquidity transformation will still have an important role to play. The nature of banking and financial services, however, will change dramatically.

Infinite Needs–Finite Resources: The Future of Healthcare

1994 ◽  
Vol 3 (1) ◽  
pp. 83-98
Author(s):  
Richard D. Lamm
Keyword(s):  
Quality Of Life ◽  
Developed Countries ◽  
Competitive Performance ◽  
Service Workers ◽  
The World ◽  
Social Tensions ◽  
The Future ◽  
The Developed Countries ◽  
Developed World

The single greatest challenge facing managers in the developed countries of the world is to raise the productivity of knowledge and service workers. This challenge, which will dominate the management agenda for the next several decades, will ultimately determine the competitive performance of companies. Even more important, it will determine the very fabric of society and the quality of life of every industrialized nation. … Unless this challenge is met, the developed world will face increasing social tensions, increasing polarization, increasing radicalization, possibly even class war.

POTENSI SUMBER BIOGAS BERBASIS TINJA PADA SUATU CLUSTER PERUMAHAN

2021 ◽  
Vol 4 (1) ◽  
pp. 33-39
Author(s):  
As Zhu Ra ◽  
Sudarti ◽  
Yushardi
Keyword(s):  
Alternative Energy ◽  
Fermentation Process ◽  
Developed Countries ◽  
Fuel Oil ◽  
Basic Material ◽  
Septic Tank ◽  
Exhaust Pipe ◽  
Human Waste ◽  
Methane Gas ◽  
The Future

Abstract: THE POTENTIAL OF BIOGAS SOURCES BASED ON REFERENCE IN A HOUSING CLUSTER. In the future there will be a shortage of fuel oil, as a result developed countries will begin to work on the management of use in replacing the problem of low fuel oil and shortage of LPJ gas in the future, one of which is to produce alternative energy using human waste as the basic material, usually called Bio- Gas / Bio-Fuel. However, the management system and processes still use septic tanks that absorb human waste. So the main material or human waste that can be made to generate alternative energy for general public needs, so that it is not wasted using existing disposal methods. This activity is an explanatory activity to describe the process of disposing of human waste in the process of the exhaust pipe equipment system for each house by accumulating it in the central disposal area for the fermentation process to produce methane gas which is converted into gas power to electricity. This invention is used to find out how to make biogas from human waste. The findings of the present invention show the addition of methane gas and a central septic-tank in several households. Key words: Energy, Alternative, Biogas, Human waste, Fermentation process, Biofuel Abstrak: Pada masa depan akan terjaddi kekurangan bahan bakar minyak, akibatnya wilayah negara maju memulai mengerjakan pengelolaan digunakan dalam menggantikan permasalahan sedikitnya BBM dan kekurangan gas LPJ pada masa depan nanti, salah satu yang dilakukan adalah memproduksi energi alternative dengan bahan dasar kotoran manusia biasanya dinamakan dengan Bio-Gas/Bio-Fuel. Akan tetapi, system pengelolaannya dan prosesnya masih menggunakan septik-tank yang meresap kotoran manusia. Jadi bahan utama atau limbah manusia yang sepatutnya dapat dibuat untuk penghasilan tenaga alternative untuk keperluan umum masyarakat, supaya tidak terbuang sia-sia menggunakan cara pembuangan yang ada. Kegiatan ini merupakan pada kegiatan eksplanatori berbuat untuk mendiskripsikan proses prosedur membuang kotoran manusia dalam proses system perlengkapan pipa pembuangan tiap-tiap rumah dengan dikomulatifkan di wardah pembuangan pusat untuk proses fermentasi untuk menghasilkan gas metana yang dirubah dalam tenaga gas ke listrik. Penemuan ini digunakan untuk mengetahui bagaimana cara membuat biogas dari kotoran manusia. Perolehan dari penemuan ini memperlihatkan penambahan gas metana dan sentral septik-tank pada beberapa rumah tangga. Kata kunci: Energi, Alternatif, Biogas, Kotoran manusia, Proses fermentasi, Biofuel

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