FinTech platform regulation: Regulating with/against platforms in the United Kingdom and China

Langley, Paul; Leyshon, Andrew

Abstract

This paper develops case studies of the United Kingdom (UK) and China to analyse divergent national financial regulatory approaches to FinTech as a novel political economy of platforms. Regulating with platforms is core to the approach taken in the UK, where start-up and early-career platforms are enrolled into an innovation-friendly financial regulation regime that promotes consumption and competition balanced with stability. In China, meanwhile, measures are being instituted to enhance rules and restrictions imposed on FinTech platforms. BigTech-led FinTech expansion was encouraged to expedite financial reforms to fuel economic growth and ensure authoritarian state control, but regulation is now shown to be working against the furtherance of platform power.

Citation

Langley, P., & Leyshon, A. (2023). FinTech platform regulation: Regulating with/against platforms in the United Kingdom and China. Cambridge Journal of Regions, Economy and Society, 16(2), 257–268. https://doi.org/10.1093/cjres/rsad005

• Journal Article Type: Article
• Acceptance Date: Jan 25, 2023
• Online Publication Date: Mar 20, 2023
• Publication Date: 2023-07
• Deposit Date: Jan 31, 2023
• Publicly Available Date: Jul 4, 2023
• Journal: Cambridge Journal of Regions, Economy and Society
• Print ISSN: 1752-1378
• Electronic ISSN: 1752-1386
• Publisher: Cambridge Political Economy Society
• Peer Reviewed: Peer Reviewed
• Volume: 16
• Issue: 2
• Pages: 257–268
• DOI: https://doi.org/10.1093/cjres/rsad005
• Public URL: https://durham-repository.worktribe.com/output/1181978
• Publisher URL: https://doi.org/10.1093/cjres/rsad005