Regulating Open Banking: Comparative Analysis of the EU, the UK and Taiwan

FinTech transformations have brought changes to the global financial markets and merit the attention of financial regulators across jurisdictions.

This book is one of the first ones of its kind to look at open banking (OB). It examines regulatory approaches to OB by taking a broad view of comparative legal systems and through perspectives of transaction costs, public choice, and institutional design.

The book looks at the legal implications by engaging in a two-tiered comparative analysis: comparing between compulsory and voluntary approaches to OB policies and comparing the legal systems between the West (i.e., the EU and the UK) and an Asian economy (i.e., Taiwan).

Chang-Hsien Tsai is Professor of Law and Business, Director of Institute of Law for Science and Technology, and Director of Master Program of Health Policy and Business Administration (HBA), College of Technology Management, National Tsing Hua University, Taiwan.

Kuan-Jung Peng is currently a PhD candidate at the European Doctorate in Law & Economics (Erasmus University Rotterdam, the Netherlands; University of Hamburg, Germany; University of Bologna, Italy).