Рецензія на монографію De Pascalis F., Brener A. Open Banking: Global Development and Regulation. Abingdon

Abstract

The monograph provides a comprehensive analysis of the emergence and evolution of open banking in the context of the digital transformation of the global financial sector. The relevance of the study arises from the growing role of open banking in reshaping competitive dynamics, financial data governance, and regulatory approaches, as well as from its implications for banking system resilience and financial security. The authors conceptualize open banking as an institutional phenomenon that integrates technological innovation with changes in legal and regulatory frameworks.

The monograph presents a comparative analysis of regulatory models applied to open banking across different jurisdictions, highlighting global trends and country-specific features of implementation, including the regulatory experiences of the European Union and the United States alongside other regions. Particular attention is paid to issues of financial data access, the evolving roles of traditional banks and fintech companies, and the risks associated with cybersecurity, data protection, and operational resilience. The study offers insights for regulators and market participants. Importantly, the authors assess open banking not only as a driver of innovation but also as a factor that may enhance or challenge financial stability. Overall, the monograph makes a significant contribution to academic debates on financial market regulation in the digital era.

This review provides an independent expert evaluation of the monograph’s contribution to current debates on financial regulation and systemic resilience. The topics addressed are highly relevant to the United States, where open banking is evolving within a complex, multi-agency regulatory environment and where issues of data governance, cybersecurity, and operational resilience remain critical for financial stability.