Towards a practical approach to responsible innovation in finance: New Product Committees revisited

Margaret Armstrong (1) , Guillaume Cornut , Stéphane Delacôte , Marc Lenglet (2) , Yuval Millo (3) , Fabian Muniesa (4) , Alexandre Pointier , Yamina Tadjeddine (5)

1 CERNA i3 - Centre d'économie industrielle i3
2 EBS Paris - European Business School Paris
3 LSE - London School of Economics and Political Science
4 CSI i3 - Centre de Sociologie de l'Innovation i3
5 EconomiX - EconomiX

Purpose – The purpose of this paper is to highlight the potentials offered by New Product Committees for the development of responsible innovation in the financial services industry; and to provide grounds for policy recommendations. Design/methodology/approach – The paper takes the form of collective, interdisciplinary reflection and experience within the industry. Findings – New Product Committees can serve a practical approach to responsible innovation in finance. Originality/value – The paper fills a gap in the empirical consideration of New Product Committees in the financial services industry and proposes original directions for policy orientations within organizations and at a regulatory level.

Mots clés: Financial innovation; New product committees; Regulation; Responsibility; Financial services; Financial institutions; Product innovation

Domaines: Sociologie; Economies et finances; Gestion et management; Droit

Margaret Armstrong, Guillaume Cornut, Stéphane Delacôte, Marc Lenglet, Yuval Millo, et al.. Towards a practical approach to responsible innovation in finance: New Product Committees revisited. Journal of Financial Regulation and Compliance, 2012, 20 (2), pp.147-168. ⟨10.1108/13581981211218289⟩. ⟨halshs-01113060⟩