Understanding RegTech for digital regulatory compliance

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dc.contributor.author Butler, Tom
dc.contributor.author O'Brien, Leona
dc.date.accessioned 2019-06-24T08:59:24Z
dc.date.available 2019-06-24T08:59:24Z
dc.date.issued 2018-12-07
dc.identifier.citation Butler T., O’Brien L. (2019) Understanding RegTech for Digital Regulatory Compliance. In: Lynn T., Mooney J., Rosati P., Cummins M. (eds) Disrupting Finance. Palgrave Studies in Digital Business & Enabling Technologies. Palgrave Pivot, Cham. pp. 85-102 DOI: 10.1007/978-3-030-02330-0_6 en
dc.identifier.startpage 85 en
dc.identifier.endpage 102 en
dc.identifier.isbn 978-3-030-02330-0
dc.identifier.uri http://hdl.handle.net/10468/8086
dc.identifier.doi 10.1007/978-3-030-02330-0_6 en
dc.description.abstract This chapter explores the promise and potential of Regulatory Technologies (RegTech), a new and vital dimension to FinTechFinTech. It draws on the findings and outcomes of a five-year research programme to highlight the role that RegTech can play in making regulatory complianceCompliance more efficient and effective. The chapter presents research on the Bank of England/Financial Conduct Authority (FCA) RegTech Sprint initiative, whose objective was to demonstrate how straight-through processing of regulations and regulatory complianceCompliance reporting using semantically enabled applications can be made possible by RegTech. The chapter notes that the full benefits of RegTech will only materialise if the pitfalls of a fragmented Tower of Babel approach are avoided. Semantic standards, we argue, are the key to all this. en
dc.description.sponsorship Government of Ireland (European Structural and Investment Funds Programme 2014–2020: SmaRT); European Regional Development Fund (European Structural and Investment Funds Programme 2014–2020: SmaRT) en
dc.format.mimetype application/pdf en
dc.language.iso en en
dc.publisher Springer International Publishing en
dc.relation.uri https://link.springer.com/content/pdf/10.1007%2F978-3-030-02330-0_6.pdf
dc.rights © 2019 The Authors. This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License (http://creativecommons.org/licenses/by-nc-nd/4.0/), which permits any noncommercial use, sharing, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if you modified the licensed material. You do not have permission under this license to share adapted material derived from this chapter or parts of it. The images or other third party material in this chapter are included in the chapter's Creative Commons license, unless indicated otherwise in a credit line to the material. If material is not included in the chapter's Creative Commons license and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder. en
dc.rights.uri https://creativecommons.org/licenses/by/4.0/ en
dc.subject RegTech en
dc.subject FinTech en
dc.subject Semantic technologies en
dc.subject Standards en
dc.title Understanding RegTech for digital regulatory compliance en
dc.type Book chapter en
dc.internal.authorcontactother Tom Butler, Department of Business Information Systems, University College Cork, Cork, Ireland. +353-21-490-3000 Email: tbutler@ucc.ie en
dc.internal.availability Full text available en
dc.description.version Published Version en
dc.contributor.funder Enterprise Ireland en
dc.contributor.funder European Regional Development Fund en
dc.contributor.funder Government of Ireland en
dc.description.status Peer reviewed en
dc.internal.IRISemailaddress tbutler@ucc.ie en


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© 2019 The Authors. This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License (http://creativecommons.org/licenses/by-nc-nd/4.0/), which permits any noncommercial use, sharing, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if you modified the licensed material. You do not have permission under this license to share adapted material derived from this chapter or parts of it. The images or other third party material in this chapter are included in the chapter's Creative Commons license, unless indicated otherwise in a credit line to the material. If material is not included in the chapter's Creative Commons license and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder. Except where otherwise noted, this item's license is described as © 2019 The Authors. This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License (http://creativecommons.org/licenses/by-nc-nd/4.0/), which permits any noncommercial use, sharing, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if you modified the licensed material. You do not have permission under this license to share adapted material derived from this chapter or parts of it. The images or other third party material in this chapter are included in the chapter's Creative Commons license, unless indicated otherwise in a credit line to the material. If material is not included in the chapter's Creative Commons license and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder.
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