Financial Innovations in Czechia: Considerations for Establishment of Regulatory Sandbox
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F68407700%3A21630%2F24%3A00375231" target="_blank" >RIV/68407700:21630/24:00375231 - isvavai.cz</a>
Result on the web
<a href="https://doi.org/10.14712/23366478.2024.20" target="_blank" >https://doi.org/10.14712/23366478.2024.20</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.14712/23366478.2024.20" target="_blank" >10.14712/23366478.2024.20</a>
Alternative languages
Result language
angličtina
Original language name
Financial Innovations in Czechia: Considerations for Establishment of Regulatory Sandbox
Original language description
The regulatory sandbox has been established in many EU Member States as well as developer non-EU countries as a tool for fostering financial innovation. On the contrary, the Czech Republic has not yet prepared a sandbox. The article introduces the topic, discusses the sandbox in the European and international context, and briefly explains the history and current status of financial innovations in the Czech Republic. The authors also discuss the OECD report on recommendations for the design of the FinTech Sandbox. Recommendations of which they find to be unsuitable for implementation due to the fundamental flaws of the report and the omission of an analysis of the Czech legal system. Finally, the authors of this article elaborate on the various options and parameters for the Czech sandbox. The authors recommend implementing a legal definition of a sandbox in the Czech legal system. Also, the authors call for the establishment of a sandbox that could support the development of financial innovation as Czech consumers show a particularly supportive stance towards new technologies.
Czech name
—
Czech description
—
Classification
Type
J<sub>SC</sub> - Article in a specialist periodical, which is included in the SCOPUS database
CEP classification
—
OECD FORD branch
50501 - Law
Result continuities
Project
—
Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2024
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Acta Universitatis Carolinae Iuridica
ISSN
0323-0619
e-ISSN
2336-6478
Volume of the periodical
70
Issue of the periodical within the volume
2
Country of publishing house
CZ - CZECH REPUBLIC
Number of pages
11
Pages from-to
23-33
UT code for WoS article
—
EID of the result in the Scopus database
2-s2.0-85194429041