How Can Regulators Keep Up with the Pace of Innovation

After the financial crisis in 2008 there was a sweeping piece of reform that was designed to stop the next crisis before it began; Dodd-Frank helped provide guardrails for a number of areas in finance to protect the markets from systemic risk along with the creation of the CFPB; the issue regulators now face is can they keep up with the pace of innovation that only seems to be getting faster; “We’ll certainly have organic change. We might have crisis-driven change. But I think what actually is going to happen and is needed is something in the middle,” said Jo Ann Barefoot, a former regulator and congressional staffer, who heads the Alliance for Innovative Regulation, to American Banker; agencies like the OCC, CFPB and FDIC have all created innovation units with the design to help fintechs and banks text new products without the fear of regulatory action; keeping up with change will be an enormous challenge as big tech aims to become more involved in financial services over the coming decade. American Banker

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.