written by
Ganderson, Joseph
Chapter 5: Fighting for Fintech: competition, regulation and accountability in a Europe of financial innovation – Regulating Finance in Europe
scritto da
Ganderson, Joseph


The post-crisis advent of ‘Fintech 3.0’ has led to novel modes of financial regulation, with governments increasingly encouraging regulators to actively collaborate with firms seeking market access. This process could potentially reshape the ways in which firms, policymakers and especially regulators are held accountable for their performance. All European countries have embraced Fintech investment but there has been substantial variation in the aggressiveness of national industrial strategies. Tracing the variable approaches of Europe’s three largest economies – the UK, France and Germany – this chapter describes how these countries have, to date, adopted different approaches to utilising their financial regulator to support this nascent industry. This, has already led to concerns over how accountability is and might be exercised among different sets of actors – policymakers, regulators, firms and the public. In the likely absence of any forthcoming shift towards pan-European oversights, this competitive, fragmentary trend among European states looks set to continue.

To cite this article:

Ganderson, J. (2021). “Chapter 5: Fighting for Fintech: competition, regulation and accountability in a Europe of financial innovation”. In Regulating Finance in Europe. Cheltenham, UK: Edward Elgar Publishing. Retrieved Jan 31, 2024, from https://doi.org/10.4337/9781800379596.00013

from the same author:
A Very European Way Out: Polity Maintenance and the Design of Article 50 – Government and Opposition
Exiting after Brexit: public perceptions of future European Union member state departures – West European Politics
Prawn Cocktails and Cold Shoulders: Labour, the Conservatives and the City of London since the 1990s – The Political Quarterly
This project is funded with a Synergy Grant by the European Research Council under Grant Agreement n. 810356. Views and opinions expressed are however those of the author(s) only and do not necessarily reflect those of the European Union or the European Research Council. Neither the European Union nor the granting authority can be held responsible for them.