Summary of Stefan Loesch's A Guide to Financial Regulation for Fintech Entrepreneurs

By IRB Media

Please note: This is a companion version & not the original book.

Book Preview: #1 The Fintech space, like the tech space a few years ago, is evolving at a rapid pace. Fintech companies, however, are typically not as large as their tech counterparts, and are thus less able to escape regulation.

#2 The financial markets are a highly connected system, and it is not possible to understand financial services regulation without a high-level understanding of the entire financial services space. This book provides the main narrative, with tear sheets that cover the most important regulations applicable to Fintech companies.

#3 There are two ways to address the market failure in taxi services: regulation and reputation. The former involves having a government-run system that allows people to hail taxis, while the latter involves having a system that allows customers to assess the honesty and skill of drivers.

#4 In most cities, taxis are regulated. They are easily identifiable as taxis, and both the car and the driver must be in possession of a valid licence. Licensed taxis are equipped with an official meter that both the customer and the driver can see, and this is the sole basis for the fare that will be due at the end of the ride.

• Language: English
• Publisher: IRB Media
• Release date: Feb 15, 2022
• ISBN: 9781669347491

IRB Media

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Book preview

Insights on Stefan Loesch's A Guide to Financial Regulation for Fintech Entrepreneurs

Contents

Insights from Chapter 1

Insights from Chapter 1

#1

The Fintech space, like the tech space a few years ago, is evolving at a rapid pace. Fintech companies, however, are typically not as large as their tech counterparts, and are thus less able to escape regulation.

#2

The financial markets are a highly connected system, and it is not possible to understand financial services regulation without a high-level understanding of the entire financial services space. This book provides the main narrative, with tear sheets that cover the most important regulations applicable to Fintech companies.

#3

There are two ways to address the market failure in taxi services: regulation and reputation. The former involves having a government-run system that allows people to hail taxis, while the latter involves having a system that allows customers to assess the honesty and skill of drivers.

#4

In most cities, taxis are regulated. They are easily identifiable as taxis, and both the car and the driver must be in possession of a valid licence. Licensed taxis are equipped with an official meter that both the customer and the driver can see, and this is the sole basis for the fare that will be due at the end of the ride.

#5

Information asymmetry can lead to a market failure in the market for street-hailed taxis, meaning that the market breaks down because potential customers are not comfortable with their potential providers. In financial