Fintech

Fintech: a sector that’s happy to be regulated

Fintech sector welcomes Mark Carney’s investigation into systemic risks as it seeks out a 'badge of legitimacy'

Governor of the Bank of England, Mark Carney
Governor of the Bank of England, Mark Carney Photo: Getty Images

It might not stand to reason that the disrupters looking to dramatically change the heavily-regulated, slow and old-fashioned banking system would be the same ones queuing up for new rules and regulations. But this is exactly what fintech entrepreneurs are doing.

Many were even upbeat when the Governor of the Bank of England Mark Carney said on January 25 that financial innovation could lead to “systemic risks” unless it’s properly regulated.

WSJ Logo
Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is ReachedExternal link

Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is Reached