Study and classification of legal risks in finance innovation
DOI:
https://doi.org/10.29105/rinn5.9-1Keywords:
Financial Innovation, Legal Risk, Self-RegulationAbstract
In this paper we discuss about the legal effects that a financial innovation can produce. By its novelty, the innovation can imply a change in regulation, although the financial activity goes towards its self-regulation. Our aim is to present a taxonomy in six categories of legal risks that we find associated to a financial innovation. These categories depend on the
state and evolution of regulation (a posteriori reaction and guide for self-regulation) and on the types of innovation (system, process and product).
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