Sandboxes and consumer protection: the European perspective
- International Journal on Consumer Law and Practice
- 8, 2020: p.1-22
The paper explores the consumer perspective on regulatory sandboxes and their increasing development by authorities particular, this article will shed a light on the conditions for regulatory sandboxes to be considered consumer-friendly environments. To this end, the paper briefly introduces the conceit of the regulatory sandbox and discuses it within the framework of consumer law. Specifically, this study outlines risks and benefits that a regulatory sandbox poses to consumers. Furthermore the authors provide an analysis of the current European framework and the role that consumers have taken within the various regulatory sandboxes that have been recently established. Therefore, the article intends to contribute to the academic debate on the interplay between technological innovation, new markets and consumer law. – Reproduced
Regulatory sandbox, Consumer protection, Banking services financial services, etc.