Sandboxes in the desert: is a cross-border ‘gulf box’ feasible?
<p dir="ltr">Many financial hubs around the world have used regulatory sandboxes as a tool to support and promote innovation in financial technology. Sandboxes can manage and control risks without stifling innovation. In recent years, the Arab Gulf States (Kuwait, Saudi Arabia, Qatar...
محفوظ في:
| المؤلف الرئيسي: | |
|---|---|
| مؤلفون آخرون: | , |
| منشور في: |
2022
|
| الموضوعات: | |
| الوسوم: |
إضافة وسم
لا توجد وسوم, كن أول من يضع وسما على هذه التسجيلة!
|
| _version_ | 1864513545995026432 |
|---|---|
| author | Jon Truby (14153022) |
| author2 | Andrew Dahdal (17128879) Imad Antoine Ibrahim (14158998) |
| author2_role | author author |
| author_facet | Jon Truby (14153022) Andrew Dahdal (17128879) Imad Antoine Ibrahim (14158998) |
| author_role | author |
| dc.creator.none.fl_str_mv | Jon Truby (14153022) Andrew Dahdal (17128879) Imad Antoine Ibrahim (14158998) |
| dc.date.none.fl_str_mv | 2022-08-22T09:00:00Z |
| dc.identifier.none.fl_str_mv | 10.1080/17579961.2022.2113674 |
| dc.relation.none.fl_str_mv | https://figshare.com/articles/journal_contribution/Sandboxes_in_the_desert_is_a_cross-border_gulf_box_feasible_/29413475 |
| dc.rights.none.fl_str_mv | CC BY 4.0 info:eu-repo/semantics/openAccess |
| dc.subject.none.fl_str_mv | Commerce, management, tourism and services Banking, finance and investment Economics Applied economics Law and legal studies Public law Regulatory sandboxes fintech Gulf economic diversification geopolitical realities data sharing regional sandbox |
| dc.title.none.fl_str_mv | Sandboxes in the desert: is a cross-border ‘gulf box’ feasible? |
| dc.type.none.fl_str_mv | Text Journal contribution info:eu-repo/semantics/publishedVersion text contribution to journal |
| description | <p dir="ltr">Many financial hubs around the world have used regulatory sandboxes as a tool to support and promote innovation in financial technology. Sandboxes can manage and control risks without stifling innovation. In recent years, the Arab Gulf States (Kuwait, Saudi Arabia, Qatar, Oman, Bahrain and United Arab Emirates) have introduced (or are introducing) regulatory sandboxes to, among other things, support economic diversification efforts through the promotion of financial technology. These jurisdiction-specific sandboxes are emerging at a time when other international hubs and global networks are already establishing regional and cross-border sandbox platforms. Given the cultural and economic similarities between Gulf States, a regional sandbox may be the ostensible logical progression. Beyond this vision, however, policymakers must first address and overcome several serious obstacles. Geopolitical realities and the sensitives around data sharing (particularly in a financial context) constitute some of the most critical challenges mitigating against a single sandbox policy. Rightly calibrated, a regional sandbox may encourage both a flourishing of the fintech sector in the region, and mending ties between Gulf States.</p><h2>Other Information</h2><p dir="ltr">Published in: Law, Innovation and Technology<br>License: <a href="http://creativecommons.org/licenses/by/4.0/" target="_blank">http://creativecommons.org/licenses/by/4.0/</a><br>See article on publisher's website: <a href="https://dx.doi.org/10.1080/17579961.2022.2113674" target="_blank">https://dx.doi.org/10.1080/17579961.2022.2113674</a></p> |
| eu_rights_str_mv | openAccess |
| id | Manara2_d0d14c70e56fe36967236a2d1db8a79d |
| identifier_str_mv | 10.1080/17579961.2022.2113674 |
| network_acronym_str | Manara2 |
| network_name_str | Manara2 |
| oai_identifier_str | oai:figshare.com:article/29413475 |
| publishDate | 2022 |
| repository.mail.fl_str_mv | |
| repository.name.fl_str_mv | |
| repository_id_str | |
| rights_invalid_str_mv | CC BY 4.0 |
| spelling | Sandboxes in the desert: is a cross-border ‘gulf box’ feasible?Jon Truby (14153022)Andrew Dahdal (17128879)Imad Antoine Ibrahim (14158998)Commerce, management, tourism and servicesBanking, finance and investmentEconomicsApplied economicsLaw and legal studiesPublic lawRegulatory sandboxesfintechGulfeconomic diversificationgeopolitical realitiesdata sharingregional sandbox<p dir="ltr">Many financial hubs around the world have used regulatory sandboxes as a tool to support and promote innovation in financial technology. Sandboxes can manage and control risks without stifling innovation. In recent years, the Arab Gulf States (Kuwait, Saudi Arabia, Qatar, Oman, Bahrain and United Arab Emirates) have introduced (or are introducing) regulatory sandboxes to, among other things, support economic diversification efforts through the promotion of financial technology. These jurisdiction-specific sandboxes are emerging at a time when other international hubs and global networks are already establishing regional and cross-border sandbox platforms. Given the cultural and economic similarities between Gulf States, a regional sandbox may be the ostensible logical progression. Beyond this vision, however, policymakers must first address and overcome several serious obstacles. Geopolitical realities and the sensitives around data sharing (particularly in a financial context) constitute some of the most critical challenges mitigating against a single sandbox policy. Rightly calibrated, a regional sandbox may encourage both a flourishing of the fintech sector in the region, and mending ties between Gulf States.</p><h2>Other Information</h2><p dir="ltr">Published in: Law, Innovation and Technology<br>License: <a href="http://creativecommons.org/licenses/by/4.0/" target="_blank">http://creativecommons.org/licenses/by/4.0/</a><br>See article on publisher's website: <a href="https://dx.doi.org/10.1080/17579961.2022.2113674" target="_blank">https://dx.doi.org/10.1080/17579961.2022.2113674</a></p>2022-08-22T09:00:00ZTextJournal contributioninfo:eu-repo/semantics/publishedVersiontextcontribution to journal10.1080/17579961.2022.2113674https://figshare.com/articles/journal_contribution/Sandboxes_in_the_desert_is_a_cross-border_gulf_box_feasible_/29413475CC BY 4.0info:eu-repo/semantics/openAccessoai:figshare.com:article/294134752022-08-22T09:00:00Z |
| spellingShingle | Sandboxes in the desert: is a cross-border ‘gulf box’ feasible? Jon Truby (14153022) Commerce, management, tourism and services Banking, finance and investment Economics Applied economics Law and legal studies Public law Regulatory sandboxes fintech Gulf economic diversification geopolitical realities data sharing regional sandbox |
| status_str | publishedVersion |
| title | Sandboxes in the desert: is a cross-border ‘gulf box’ feasible? |
| title_full | Sandboxes in the desert: is a cross-border ‘gulf box’ feasible? |
| title_fullStr | Sandboxes in the desert: is a cross-border ‘gulf box’ feasible? |
| title_full_unstemmed | Sandboxes in the desert: is a cross-border ‘gulf box’ feasible? |
| title_short | Sandboxes in the desert: is a cross-border ‘gulf box’ feasible? |
| title_sort | Sandboxes in the desert: is a cross-border ‘gulf box’ feasible? |
| topic | Commerce, management, tourism and services Banking, finance and investment Economics Applied economics Law and legal studies Public law Regulatory sandboxes fintech Gulf economic diversification geopolitical realities data sharing regional sandbox |