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Others: Will FinTech Cause a Reconsideration of the Administrative and International Law Governing Public Procurement?
Title | Will FinTech Cause a Reconsideration of the Administrative and International Law Governing Public Procurement? |
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Authors | |
Keywords | Public procurement Financial technology FinTech |
Issue Date | 2021 |
Citation | Michael, Bryane, Will FinTech Cause a Reconsideration of the Administrative and International Law Governing Public Procurement? (August 26, 2021). Available at SSRN: https://ssrn.com/abstract=3911686 How to Cite? |
Abstract | Regulators should not just leave FinTech rulemaking up to financial regulators. Contracting authorities should not just develop or use their own selected FinTech applications willy-nilly. They should contribute to overall changes in a procurement law -which extend far beyond simple supervisory or regulatory technologies (RegTech/SupTech). Governments should get serious about the Agreement on Government Procurement and similar treaties - by creating a new authority to help develop the law needed to put FinTech-enabled procurement platforms in place. China’s own world-leading FinTech and cross-border public procurements do not always contribute to a global level playing field. Any FinTech applications facilitating public procurement should thus encourage compliance with the procurement law legal principles the international community has developed over decades. |
Description | Working Paper |
Persistent Identifier | http://hdl.handle.net/10722/308671 |
SSRN |
DC Field | Value | Language |
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dc.contributor.author | Michael, B | - |
dc.date.accessioned | 2021-12-08T01:14:06Z | - |
dc.date.available | 2021-12-08T01:14:06Z | - |
dc.date.issued | 2021 | - |
dc.identifier.citation | Michael, Bryane, Will FinTech Cause a Reconsideration of the Administrative and International Law Governing Public Procurement? (August 26, 2021). Available at SSRN: https://ssrn.com/abstract=3911686 | - |
dc.identifier.uri | http://hdl.handle.net/10722/308671 | - |
dc.description | Working Paper | - |
dc.description.abstract | Regulators should not just leave FinTech rulemaking up to financial regulators. Contracting authorities should not just develop or use their own selected FinTech applications willy-nilly. They should contribute to overall changes in a procurement law -which extend far beyond simple supervisory or regulatory technologies (RegTech/SupTech). Governments should get serious about the Agreement on Government Procurement and similar treaties - by creating a new authority to help develop the law needed to put FinTech-enabled procurement platforms in place. China’s own world-leading FinTech and cross-border public procurements do not always contribute to a global level playing field. Any FinTech applications facilitating public procurement should thus encourage compliance with the procurement law legal principles the international community has developed over decades. | - |
dc.language | eng | - |
dc.subject | Public procurement | - |
dc.subject | Financial technology | - |
dc.subject | FinTech | - |
dc.title | Will FinTech Cause a Reconsideration of the Administrative and International Law Governing Public Procurement? | - |
dc.type | Others | - |
dc.description.nature | published_or_final_version | - |
dc.identifier.doi | 10.2139/ssrn.3911686 | - |
dc.identifier.hkuros | 700003993 | - |
dc.identifier.ssrn | 3911686 | - |
dc.identifier.hkulrp | 2021/045 | - |