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DISRUPTIVE
INNOVATION:
Why We Need Relaxed
Regulatory Zones
Associate Professor of Strategic Management at Singapore Management
University,
Professor Tan Wee Liang
advocates more adaptable and
timely regulations for disruptive technologies.
I
n a Straits Times opinion
piece titled “Disruption
and the need for relaxed
regulatory zones”, he
recommends a “regulatory
sandbox” – a relaxed regulatory
zone for entrepreneurs to
experiment and develop
new products, services and
processes with minimal
intervention. This concept is
gaining traction as a way to
explore innovations in financial
technology (“FinTech”). Ideas
incubate in this zone, after
which regulations may be
implemented to protect the
interests of consumers and
businesses, or to align new
entrants with government
policies.
COMPETITION COMMISSION OF SINGAPORE
46