Research on financial supervision in Northeast Asia Free Trade Zone — Based on the "Regulatory Sandbox" model

This paper analyzes the status quo of financial supervision in the Northeast Asia Free Trade Zone and finds that the coordination and cooperation of financial supervision in the Northeast Asia Free Trade Zone is in the exploratory stage. There is room for cooperation in financial supervision, which...

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Main Authors: Li Qian, Xi Juying, Zhang Chuang, Zheng Yue
Format: Article
Language:English
Published: EDP Sciences 2021-01-01
Series:MATEC Web of Conferences
Online Access:https://www.matec-conferences.org/articles/matecconf/pdf/2021/05/matecconf_cscns20_09026.pdf
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author Li Qian
Xi Juying
Zhang Chuang
Zheng Yue
author_facet Li Qian
Xi Juying
Zhang Chuang
Zheng Yue
author_sort Li Qian
collection DOAJ
description This paper analyzes the status quo of financial supervision in the Northeast Asia Free Trade Zone and finds that the coordination and cooperation of financial supervision in the Northeast Asia Free Trade Zone is in the exploratory stage. There is room for cooperation in financial supervision, which creates conditions for the implementation of the "supervisory sandbox" in the region. It demonstrates the significance of introducing the “regulatory sandbox” model in the Northeast Asia Free Trade Zone from three aspects: balancing financial innovation and supervision, promoting the realization of inclusive finance, and improving the global shared supervision database. Build a relatively complete "supervision sandbox" operation process design. Finally, the countermeasures and suggestions for the introduction of the "supervisory sandbox" model in the Northeast Asia Free Trade Zone are proposed.
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spelling doaj.art-0fa9b5aeeec04539bdd8d122dbad56052022-12-21T23:45:36ZengEDP SciencesMATEC Web of Conferences2261-236X2021-01-013360902610.1051/matecconf/202133609026matecconf_cscns20_09026Research on financial supervision in Northeast Asia Free Trade Zone — Based on the "Regulatory Sandbox" modelLi Qian0Xi Juying1Zhang Chuang2Zheng Yue3School of Economics, Shenyang University of TechnologySchool of Economics, Shenyang University of TechnologySchool of Economics, Shenyang University of TechnologySchool of Economics, Shenyang University of TechnologyThis paper analyzes the status quo of financial supervision in the Northeast Asia Free Trade Zone and finds that the coordination and cooperation of financial supervision in the Northeast Asia Free Trade Zone is in the exploratory stage. There is room for cooperation in financial supervision, which creates conditions for the implementation of the "supervisory sandbox" in the region. It demonstrates the significance of introducing the “regulatory sandbox” model in the Northeast Asia Free Trade Zone from three aspects: balancing financial innovation and supervision, promoting the realization of inclusive finance, and improving the global shared supervision database. Build a relatively complete "supervision sandbox" operation process design. Finally, the countermeasures and suggestions for the introduction of the "supervisory sandbox" model in the Northeast Asia Free Trade Zone are proposed.https://www.matec-conferences.org/articles/matecconf/pdf/2021/05/matecconf_cscns20_09026.pdf
spellingShingle Li Qian
Xi Juying
Zhang Chuang
Zheng Yue
Research on financial supervision in Northeast Asia Free Trade Zone — Based on the "Regulatory Sandbox" model
MATEC Web of Conferences
title Research on financial supervision in Northeast Asia Free Trade Zone — Based on the "Regulatory Sandbox" model
title_full Research on financial supervision in Northeast Asia Free Trade Zone — Based on the "Regulatory Sandbox" model
title_fullStr Research on financial supervision in Northeast Asia Free Trade Zone — Based on the "Regulatory Sandbox" model
title_full_unstemmed Research on financial supervision in Northeast Asia Free Trade Zone — Based on the "Regulatory Sandbox" model
title_short Research on financial supervision in Northeast Asia Free Trade Zone — Based on the "Regulatory Sandbox" model
title_sort research on financial supervision in northeast asia free trade zone based on the regulatory sandbox model
url https://www.matec-conferences.org/articles/matecconf/pdf/2021/05/matecconf_cscns20_09026.pdf
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AT zhengyue researchonfinancialsupervisioninnortheastasiafreetradezonebasedontheregulatorysandboxmodel