Global perspectives on open banking: Regulatory impacts and market response

Akyildirim, Erdinc; Corbet, Shaen; Mukherjee, Abhishek; Ryan, Michael

Abstract

This study investigates the adoption of open banking across several diverse global jurisdictions, focusing specifically on regulatory and market implications. Employing a comparative analysis, we examine the dual nature of open banking as both a regulatory framework and a technological innovation, exploring how different regulatory approaches shape its implementation and market reception. Results indicate significant variation in market responses to open banking announcements, presenting evidence of the underlying factors driving these disparities, such as the role of regulatory environments, technological infrastructures, and bank size in shaping market reactions.

Citation

Akyildirim, E., Corbet, S., Mukherjee, A., & Ryan, M. (2025). Global perspectives on open banking: Regulatory impacts and market response. Journal of International Financial Markets, Institutions and Money, 101, Article 102159. https://doi.org/10.1016/j.intfin.2025.102159

• Journal Article Type: Article
• Acceptance Date: Mar 25, 2025
• Online Publication Date: Apr 15, 2025
• Publication Date: 2025-06
• Deposit Date: Apr 28, 2025
• Publicly Available Date: Apr 29, 2025
• Journal: Journal of International Financial Markets, Institutions and Money
• Print ISSN: 1042-4431
• Electronic ISSN: 1873-0612
• Publisher: Elsevier
• Peer Reviewed: Peer Reviewed
• Volume: 101
• Article Number: 102159
• DOI: https://doi.org/10.1016/j.intfin.2025.102159
• Keywords: Open banking; Regulation; Financial markets; Integration; Technological development
• Public URL: https://nottingham-repository.worktribe.com/output/48352284
• Publisher URL: https://www.sciencedirect.com/science/article/pii/S1042443125000496?via%3Dihub