Supporting FinTech Innovation in the Czech Republic: Regulatory Sandbox Design Considerations

The FinTech sector is a nascent market in the Czech Republic, with only around one hundred regulated or unregulated FinTech firms. This report analyses the Czech FinTech ecosystem and identifies possible hurdles to innovative development. The report also provides recommendations for designing a regu...

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Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Paris OECD Publishing 2023
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Zusammenfassung:The FinTech sector is a nascent market in the Czech Republic, with only around one hundred regulated or unregulated FinTech firms. This report analyses the Czech FinTech ecosystem and identifies possible hurdles to innovative development. The report also provides recommendations for designing a regulatory sandbox tailored to the country's specificities and which could help alleviate some of the impediments to FinTech development. A sandbox could enhance the Czech authorities' understanding of the impact of innovative mechanisms on financial activities, and enable supervisors to better monitor and ensure compliance of FinTech activities. It could also enhance communication between firms and authorities through targeted dialogue and customised guidance
Beschreibung:1 Online-Ressource (104 Seiten) 21 x 28cm
ISBN:9789264534803
9789264633049
9789264428553
DOI:10.1787/081a005c-en

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