RaC and RegTech: Reconciling two different traditions in machine-executable regulation

Sarah Martin

Rules as Code (RaC) is an emerging concept in public innovation and it has mostly developed in parallel to what is commonly referred to as RegTech and SupTech. However, RaC is coming into the mainstream… RaC practitioners propose to create official, machine-consumable versions of some types of legislation and government rules, to exist alongside the natural language counterpart. This not only involves the use and integration of technology, but also a reimagining of the processes and methods currently used to create government rules.

Episodes

  1. DLT in compliance: after the hype

    07/22/2021

    DLT in compliance: after the hype

    Digital Assets are rarely out of the news. Whether it’s the latest machinations of Bitcoin’s price, concern on the ESG credentials of crypto assets, the likelihood of more targeted regulation, or the rapid growth of Decentralised Finance (DeFi). To make sense of it all; we bring you a summary of our recent RGP member event during which highly regarded representatives from an incumbent institution making plans to support digital assets, a crypto asset start-up and a regulator discuss where we are today, the importance of consumer understanding, the challenges faced by regulators in both protecting consumers and ensuring orderly and fair markets, and how this may all plan out. We will also look at the implications for the regulatory obligations of both institutions and digital asset service providers.

    19 min
  2. RaC and RegTech: Reconciling two different traditions in machine-executable regulation

    07/16/2021

    RaC and RegTech: Reconciling two different traditions in machine-executable regulation

    ** Part of RGP Member Events - Early adopter sprint series ** Rules as Code (RaC) is an emerging concept in public innovation and it has mostly developed in parallel to what is commonly referred to as RegTech and SupTech. However, RaC is coming into the mainstream…  RaC practitioners propose to create official, machine-consumable versions of some types of legislation and government rules, to exist alongside the natural language counterpart. This not only involves the use and integration of technology, but also a reimagining of the processes and methods currently used to create government rules.  In this short podcast, you will hear from: Dr Robert Wardrop, Professor at University of Cambridge Judge Business School and founder of the RGP Prof. Pompeu Casanovas Romeu, Research Professor at La Trobe University Law School Angus Moir, Head of Data Collection Transformation Team at Bank of England Michal Piechocki CEO of BR-AG Elliot Burgess, Business Development at Droit They bring the parallel traditions of RaC and RegTech together, explore how and where they can overlap, what the state of the art is, and what lessons each has learned that would be of value to the other.

    14 min
  • 2 Episodes

About

Rules as Code (RaC) is an emerging concept in public innovation and it has mostly developed in parallel to what is commonly referred to as RegTech and SupTech. However, RaC is coming into the mainstream… RaC practitioners propose to create official, machine-consumable versions of some types of legislation and government rules, to exist alongside the natural language counterpart. This not only involves the use and integration of technology, but also a reimagining of the processes and methods currently used to create government rules.

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