From Closed to Open Regulatory Sandboxes: Why Default and Altering Rules Matter

Puntos clave

• Open regulatory sandboxes foster greater financial innovation, leading to enhanced market participation.
• Policy adaptation, particularly in default and altering rules, is crucial for effective regulatory frameworks.
• Findings highlight the need for flexible and open structures to support regulatory environments.
• Implications suggest a transition from closed to open systems may enhance adaptability in financial regulations.