Understanding RegTech for digital regulatory compliance

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dc.contributor.authorButler, Tom
dc.contributor.authorO'Brien, Leona
dc.contributor.funderEnterprise Irelanden
dc.contributor.funderEuropean Regional Development Funden
dc.contributor.funderGovernment of Irelanden
dc.date.accessioned2019-06-24T08:59:24Z
dc.date.available2019-06-24T08:59:24Z
dc.date.issued2018-12-07
dc.description.abstractThis 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.sponsorshipGovernment 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.description.statusPeer revieweden
dc.description.versionPublished Versionen
dc.format.mimetypeapplication/pdfen
dc.identifier.citationButler 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_6en
dc.identifier.doi10.1007/978-3-030-02330-0_6en
dc.identifier.endpage102en
dc.identifier.isbn978-3-030-02330-0
dc.identifier.startpage85en
dc.identifier.urihttps://hdl.handle.net/10468/8086
dc.language.isoenen
dc.publisherSpringer International Publishingen
dc.relation.urihttps://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.urihttps://creativecommons.org/licenses/by/4.0/en
dc.subjectRegTechen
dc.subjectFinTechen
dc.subjectSemantic technologiesen
dc.subjectStandardsen
dc.titleUnderstanding RegTech for digital regulatory complianceen
dc.typeBook chapteren
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