Problem
China Blocked Jack Ma's Ant IPO After Investigation Revealed Likely Beneficiaries - WSJ.pdf Download China Blocked Jack Ma's Ant IPO After Investigation Revealed Likely Beneficiaries - WSJ.pdf
Read the above article, and conduct research on the last minute regulatory pause on Ant Financial's IPO
a) What are the risks that massive FinTech businesses like Ant Banking pose to the financial system?
b) What regulatory tools, in your opinion, can be applied to mitigate those risks?
c) Is there a similar business in the United States that may represent a serious risk to the financial system?