It is painfully clear that the robust approach to bank regulation conceived in the aftermath of the 2008 financial crisis is not matched in other evolving areas of finance. Global policymakers have already concluded that huge insurers and asset managers should not be deemed systemically important. With similar myopia they are failing to see the mounting risks in fintech.

https://www.ft.com/content/1b420d70-4b21-11e9-8b7f-d49067e0f50d?shareType=nongift