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@article{ART002924201},
author={Yiinjung Kim and Lee， Jong Hun and Ha Hwang and Seung-Hun Hong},
title={The Development of RegTech and Implications for Regulatory Innovation: Focusing on Regulatory Compliance and Risk Management},
journal={Journal of Regulation Studies},
issn={1738-7132},
year={2022},
volume={31},
number={2},
pages={161-192},
doi={10.22954/ksrs.2022.31.2.005}

TY - JOUR
AU - Yiinjung Kim
AU - Lee， Jong Hun
AU - Ha Hwang
AU - Seung-Hun Hong
TI - The Development of RegTech and Implications for Regulatory Innovation: Focusing on Regulatory Compliance and Risk Management
JO - Journal of Regulation Studies
PY - 2022
VL - 31
IS - 2
PB - 한국규제학회
SP - 161
EP - 192
SN - 1738-7132
AB - RegTech is an abbreviation of regulatory technology and refers to streamlining regulations using innovative new technologies. Regtech, which emerged to help firms efficiently comply with complex financial regulations after the Global Financial Crisis, has since expanded to various business areas, and recently, cases have been observed in the public sector. However, it is true that the use of RegTech is still heavily concentrated in the private sector. The purpose of this paper is to explore the possibility and direction of using RegTech in the public sector through a comprehensive review of RegTech cases in the private sector. First, after confirming the trend of using RegTech abroad through keyword network analysis on RegTech-related English literature, the paper analyzes cases in which RegTech is harnessed specifically. We found that the application of RegTech has been gradually expanding, and it is mainly used in two areas: regulatory compliance and risk management. In public sectdor, RegTech can contribute to efficient and effective regulatory compliance and regulatory management by solving problems of information deficits and regulatory resource shortages experienced by both regulators and regulatees.
KW - RegTech;Regulatory Innovation;Compliance;Risk Management;Keyword Network Analysis
DO - 10.22954/ksrs.2022.31.2.005
ER -

Yiinjung Kim, Lee， Jong Hun, Ha Hwang and Seung-Hun Hong. (2022). The Development of RegTech and Implications for Regulatory Innovation: Focusing on Regulatory Compliance and Risk Management. Journal of Regulation Studies, 31(2), 161-192.

Yiinjung Kim, Lee， Jong Hun, Ha Hwang and Seung-Hun Hong. 2022, "The Development of RegTech and Implications for Regulatory Innovation: Focusing on Regulatory Compliance and Risk Management", Journal of Regulation Studies, vol.31, no.2 pp.161-192. Available from: doi:10.22954/ksrs.2022.31.2.005

Yiinjung Kim, Lee， Jong Hun, Ha Hwang, Seung-Hun Hong "The Development of RegTech and Implications for Regulatory Innovation: Focusing on Regulatory Compliance and Risk Management" Journal of Regulation Studies 31.2 pp.161-192 (2022) : 161.

Yiinjung Kim, Lee， Jong Hun, Ha Hwang, Seung-Hun Hong. The Development of RegTech and Implications for Regulatory Innovation: Focusing on Regulatory Compliance and Risk Management. 2022; 31(2), 161-192. Available from: doi:10.22954/ksrs.2022.31.2.005

Yiinjung Kim, Lee， Jong Hun, Ha Hwang and Seung-Hun Hong. "The Development of RegTech and Implications for Regulatory Innovation: Focusing on Regulatory Compliance and Risk Management" Journal of Regulation Studies 31, no.2 (2022) : 161-192.doi: 10.22954/ksrs.2022.31.2.005

Yiinjung Kim; Lee， Jong Hun; Ha Hwang; Seung-Hun Hong. The Development of RegTech and Implications for Regulatory Innovation: Focusing on Regulatory Compliance and Risk Management. Journal of Regulation Studies, 31(2), 161-192. doi: 10.22954/ksrs.2022.31.2.005

Yiinjung Kim; Lee， Jong Hun; Ha Hwang; Seung-Hun Hong. The Development of RegTech and Implications for Regulatory Innovation: Focusing on Regulatory Compliance and Risk Management. Journal of Regulation Studies. 2022; 31(2) 161-192. doi: 10.22954/ksrs.2022.31.2.005

Yiinjung Kim, Lee， Jong Hun, Ha Hwang, Seung-Hun Hong. The Development of RegTech and Implications for Regulatory Innovation: Focusing on Regulatory Compliance and Risk Management. 2022; 31(2), 161-192. Available from: doi:10.22954/ksrs.2022.31.2.005

Yiinjung Kim, Lee， Jong Hun, Ha Hwang and Seung-Hun Hong. "The Development of RegTech and Implications for Regulatory Innovation: Focusing on Regulatory Compliance and Risk Management" Journal of Regulation Studies 31, no.2 (2022) : 161-192.doi: 10.22954/ksrs.2022.31.2.005