Nizan Packin on Financial Technology & Regulation
In this episode, Nizan Packin, Assistant Professor at the Zicklin School of Business of Baruch College, City University of New York and Affiliate Fellow at Indiana University Bloomington Program on Cybersecurity and Internet Governance, discusses her article, "RegTech, Compliance and Technology Judgment Rule," published in the Chicago-Kent Law Review. Packin begins by defining what Regulatory Technologies are, and details the growth of technologies that disrupt and assist processes in the financial sector. She notes that a number of new entrants into the financial sector that perform the services of banks, termed 'non-banks,' have a number of unique regulatory challenges. She describes the goals of financial regulation, and the promises and perils of RegTech adoption to help address these regulatory goals. And she concludes by stating what policymakers, companies, and regulators should take away from these developments. Packin is on Twitter at @NizanGP.
This episode was hosted by Luce Nguyen, a college student and the co-founder of the Oberlin Policy Research Institute, an undergraduate public policy research organization based at Oberlin College. Nguyen is on Twitter at @NguyenLuce.