Melbourne Law School, The University Of Melbourne, Melbourne, Australia
The term “Regtech” is a contraction of the terms ‘regulatory’ and ‘technology’ and has emerged to describe the use of technology to help companies comply with regulation and help regulators perform their regulatory and supervisory functions. Regulators in Australia and China have made significant efforts to embrace and facilitate Regtech developments. This paper compares the various ways in which key Australian and Chinese regulators have embraced and facilitated Regtech and highlights the trends and challenges in each jurisdiction. The paper also outlines the nature and extent of the information-sharing that has occurred between Australian and Chinese regulators in the area of Regtech and the potential for further co-operation and co-ordination. The comparative analysis of the policies and practices of these regulators identifies areas of convergence and divergence between the two jurisdictions by reference to the specific challenges that each jurisdiction faces. The paper also provides useful case studies for the development of Regtech in other jurisdictions.
Biography: To come