Responsible innovation in finance: directions and implications

This chapter draws from a recent policy-oriented investigation that seeks to ground measures for the advancement of responsible innovation in finance within an account of several dimensions of responsibility in that area. The purpose of the chapter is to clarify the several meanings that responsible or irresponsible innovation can have in finance, and to illustrate them with some examples. The first section presents these several meanings and the second section comments briefly on how these meanings may be considered in the organizational spaces in which complex financial innovation is handled at a design stage, inside investment banks.

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