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

Margaret Armstrong (1) , Guillaume Cornut (2) , Stéphane Delacôte (3) , Marc Lenglet (4) , Yuval Millo (5) , Fabian Muniesa (6) , Alexandre Pointier (2) , Yamina Tadjeddine (7)

1 CERNA i3 - Centre d'économie industrielle i3
2 unknown
3 FI3M - Fondation MINES ParisTech
4 EBS Paris - European Business School Paris
5 LSE - London School of Economics and Political Science
6 CSI i3 - Centre de Sociologie de l'Innovation i3
7 EconomiX - EconomiX

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. The paper takes the form of collective, interdisciplinary reflection and experience within the industry. New Product Committees can serve a practical approach to responsible innovation in finance.

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

Domains: Sociology; Economics and Finance; Business administration; Social Anthropology and ethnology; History, Philosophy and Sociology of Sciences

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. 2011. ⟨halshs-00699985⟩