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FinTech platform regulation: regulating with/against platforms in the UK and China

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  • Paul Langley
  • Andrew Leyshon

Abstract

This paper develops case studies of the 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.

Suggested Citation

  • Paul Langley & Andrew Leyshon, 2023. "FinTech platform regulation: regulating with/against platforms in the UK and China," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 16(2), pages 257-268.
    • Handle: RePEc:oup:cjrecs:v:16:y:2023:i:2:p:257-268.
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    File URL: http://hdl.handle.net/10.1093/cjres/rsad005
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    References listed on IDEAS

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    1. Paul Langley & Andrew Leyshon, 2021. "The Platform Political Economy of FinTech: Reintermediation, Consolidation and Capitalisation," New Political Economy, Taylor & Francis Journals, vol. 26(3), pages 376-388, May.
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    Cited by:

    1. Anna Davies & Betsy Donald & Mia Gray, 2023. "The power of platforms—precarity and place," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 16(2), pages 245-256.

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