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The Impact of e-Governance on Regulatory Compliance in Financial Institutions

The aim of this thesis is to analyse the impacts of using e-Governance Methods such as Blockchain Methodologies, decentralized Apps (dApps) how they appear in Decentralised Finance (DeFi) as new regulatory Governance Methods in financial markets to foster compliance with Financial Regulations, so as to answer the research question: To what extent can the new e-Governance Methods help solve the financial sectors regulatory problems that led to the Global Financial Crisis? Democratic Theory and Theories of Regulation are used to explain why the Government should be involved in the regulation of this industry. Research has focused either on New Institutionalism that mainly studies the interplay between the regulators and politicians, or New Governance Regulatory Research that analyses alternative regulatory strategies and their impact on institutions. As a comprehensive study of regulation that includes these two paths is missing so far this work will bridge this gap by analysing both of these study paths. Using a case study of European banks, this thesis uses comparative methods to explain the difference in efficacy achieved by deploying these new techniques of e-Governance as compared to current techniques used.

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