FSB report highlights FinTech opportunities and implications for financial stability

Regulatory Updates | 15/02/19

The Financial Stability Board (FSB) has published a report on FinTech and market structure in financial services. According to the FSB, FinTech presents opportunities for the provision of financial services and could lead to a more efficient and resilient financial system. However, it warns that increased competition could also pressure banks to take on more risks, and a bigger role for non-banks could have implications for financial stability.