Chris Skinner

DECEMBER 15, 2016

regulators One billion accounts may have been breached in latest Yahoo attack Watchdog eyes revamp of financial compensation scheme Brexit: Warning firms could leave City over uncertainty Why is the US Federal Reserve … The post Things worth reading: 15th December 2016 appeared first on Chris Skinner's blog.

Regulation 150

Regulation US 150

Chris Skinner

MAY 22, 2016

Things we’re reading today include … Peer-to-peer lenders will never challenge the banks, says Deloitte It’s not over yet for the cheque Brexit can only damage UK’s financial hub Brexit can only damage UK’s financial hub ‘Blockchain could be transformative’ US bank branches defy transactions slump MP urges City regulator to impose (..)

blockchain 164

blockchain Regulation US 164

Chris Skinner

MAY 17, 2016

Things we’re reading today include … Financial technology start-ups need power of the EU behind them Costs of overdrafts to fall as part of UK banks overhaul Big Four banks benefit from regulator’s featherlight approach Lloyds shares yield £130m for Treasury Chinese bank buys London gold vault Lending Club shares dive on regulatory (..)

Lending 164

Lending Financial Technology Regulation Technology 164

Chris Skinner

DECEMBER 5, 2016

Things we’re reading today include … Italy in race to seal €5bn bank bail-out after Referendum rejection RBS chiefs ‘knew investment bank’s head wasn’t up to the job’ in run-up to near collapse US banks face clash over EU regulations Financial sector struggles with vision for Brexit RBS offers to settles shareholder (..)

Regulation 150

Regulation US 150

Chris Skinner

OCTOBER 23, 2016

Things we’re reading today include … Goldman boss ‘scared to death’ of rogue employees Confusion reigns over RBS branch sale amid reports of EU-appointed trustee Italy’s front line in fight to save banks: a storage room China challenges London’s fintech lead Regulators taking another look at costs of Wall Street safety (..)

Regulation 150

Regulation Fintech Report 150

Chris Skinner

SEPTEMBER 12, 2016

Things we’re reading today include … Deutsche Bank boss tells staff to think like a tech firm, if they keep their jobs HSBC retail head sees more bank partnerships with financial tech firms UK regulators seen as fintech friendly Chancellor dismantles key Osborne pledge to cut corporation tax Bitcoin technology offers hacker protection Bank (..)

Bitcoin 150

Bitcoin Taxes Regulation Fintech 150

Chris Skinner

SEPTEMBER 27, 2016

regulator’s mortgage cases Eurozone risks collapse into prosperous north … The post Things worth reading: 28th September 2016 appeared first on Chris Skinner's blog. billion to resolve U.S.

Regulation 150

Regulation US 150

Chris Skinner

AUGUST 18, 2016

Things we’re reading today include … London Stock Exchange merger now heads to the regulators as Deutsche Boerse seals investor support Goldman Sachs: a play for the 99% Philippine ex-bank manager out on bail in case linked to cyber heist UK to avoid recession and world economy to ‘stabilise’ as Brexit shock passes – but … The (..)

Regulation 150

Regulation Management 150

Chris Skinner

AUGUST 1, 2016

Things we’re reading today include … Don’t Let Bank Regulators Create Another Japan The City of London is going to lose business from Brexit, say fund managers Banks turning to voice recognition First TV interview with £1.4bn loss trader RBS and Barclays hit by poor stress test showing UK claims global victory with first masala … (..)

Regulation 150

Regulation Management 150

Chris Skinner

JULY 31, 2016

Things we’re reading today include … Poverty costs UK £78bn a year, Joseph Rowntree Foundation says Oaknorth Bank set to hire Lord Francis Maude UK and China regulators discuss framework for financial projects Monte dei Paschi’s last-ditch rescue plan faces high hurdles Alipay challenges China Unionpay on fees Barclays to abolish (..)

Regulation 150

Regulation 150

BankUnderground

DECEMBER 19, 2022

Following the Global Financial Crisis of 2007–08, some regulators introduced rules on bankers’ bonuses with an aim to mitigate incentives to take excessive risks, and in turn promote financial stability. Following the crisis, regulators introduced remuneration requirements aiming to remedy this. Ieva Sakalauskaite and Qun Harris.

Regulation 91

Regulation Analysis Study Policies 91

Chris Skinner

JUNE 19, 2016

America’s banking regulations strangle innovations I was asked the question the other day as to why there is no new digital bank start-up in the USA … America’s regulations are not the problem I received … The post The Finanser’s Week: 13th June – 19th June 2016 appeared first on Chris Skinner's blog.

Washington 150

Washington Regulation Digital Banking Innovation 150

Chris Skinner

JUNE 5, 2016

Our main stories of this week includes … Regulations, Innovations, Sandboxes and #RegTech So I just attended a really interesting two day meeting that covered all things blockchain, regulations, innovation and more.

Maine 150

Maine blockchain Regulation Meeting 150

Chris Skinner

MAY 18, 2016

Things we’re reading today include … More than 25,000 Madoff victims now eligible for $4 billion fund Why financial regulators are always fighting the last war Bank of England’s chief economist calls for more simple pension system The bank account that gives you a shock London Stock Exchange to wait until after EU referendum to … (..)

Regulation 150

Regulation System 150

PYMNTS

MARCH 11, 2020

Consumer advocates are pushing federal banking regulators to do something about rent-a-banks with notoriously sky-high loan rates that prey on people with bad credit, the Wall Street Journal (WSJ) reported on Wednesday (March 11). South Dakota passed a law in 2016, followed by Colorado in 2018. Utah has no caps on interest rates. “A

Lending 145

Lending Regulation South Dakota Utah 145

Chris Skinner

AUGUST 25, 2016

Things we’re reading today include … U.S. Things we’re reading today include … U.S.

Cyber Security 150

Cyber Security blockchain Study Regulation 150

PYMNTS

SEPTEMBER 4, 2019

B2B payments and international money transfer company B2B Pay has announced plans to become a regulated financial institution, and is looking to investors to fuel its growth. In 2016 U.K. Existing backers have already committed about $164,000 of this funding round, Ambikar said.

Regulation 148

Regulation cryptocurrency blockchain National 148

PYMNTS

FEBRUARY 16, 2017

According to Bloomberg , the Monetary Authority of Singapore published a new consultation paper that revealed new and existing venture capitalists will no longer be subject to the same rules that apply to fund managers overall, including capital requirements and business conduct regulations.

Regulation 183

Regulation Capital Fintech Innovation 183

PYMNTS

OCTOBER 5, 2018

In the rundown of how individual countries rank, in terms of regulators levying fines on people and corporations, the United States tops the list. Fines against companies were up 2 percent between 2016 to 2017 and over that same period were up 23 percent against individuals. million euros in 2016 to 2.9

Regulation 128

Regulation US United States Compliance 128

Jeff For Banks

APRIL 6, 2021

The study also analyzed the impact of the change in oversight intensity brought about by the 2016 election. The first was regulator arbitrage, where a bank decides to have an activity regulated by one entity rather than another because of the perception that the chosen regulator will be less risky to them. This is good.

Regulation 78

Regulation Philadelphia Study Lending 78

PYMNTS

MAY 13, 2019

Henrik Ramlau-Hansen, the former chair of Denmark’s financial regulator and former Danske Bank finance director, has been charged by Danish economic prosecutors. Ramlau-Hansen chaired the Financial Supervisory Authority in Denmark from 2016 to 2018. He has recused himself from the investigation.

Regulation 139

Regulation Report Capital Marketing 139

American Banker

FEBRUARY 15, 2024

Wells Fargo clears another hurdle as OCC terminates 2016 order

Compliance 76

Compliance Regulation 76

PYMNTS

MAY 1, 2018

Regulators in the U.S. are considering the regulation of digital tokens outside bitcoin. The Wall Street Journal reported that the inquiry is focused on the cryptocurrency Ethereum, which hasn’t been in the crosshairs of regulators as of yet.

Regulation 104

Regulation Bitcoin cryptocurrency Massachusetts 104

PYMNTS

MAY 24, 2019

Baoshang Bank, based in Inner Mongolia, will be taken over by China’s banking and insurance regulator over critical credit risks, according to a report by Reuters. billion) at the end of 2016, which is a leap of 65 percent since 2014. The bank’s non-performing loan ratio, as of December 2016, was 1.68 billion yuan ($22.68

Regulation 158

Regulation Lending Guidelines Maine 158

PYMNTS

DECEMBER 28, 2016

PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. Payments 2016: The Year Of Capitulation . The year 2016 was the year of capitulation by FinTechs to the traditional banking industry. Regulation.

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Payments eBook Fintech Regulation 128

PYMNTS

JUNE 19, 2019

presidential election in 2016, but has since put up safeguards against misinformation. Sandberg also said the company is seeking some regulation and noted that the General Data Protection Regulation (GDPR) in Europe is a “good blueprint” for lawmaking in the U.S.

Regulation 116

Regulation social media Washington Report 116

PYMNTS

OCTOBER 31, 2019

Shanghai regulators are ordering more than 40 peer-to-peer (P2P) lenders to get ready to close shop, the Financial Times (FT) reported on Thursday (Oct. Some investors who lost money in the sector complained to regulators , and P2P lending started to be seen as a “threat to social stability.”.

Regulation 100

Regulation Lending Meeting Fraud 100

Chris Skinner

JULY 31, 2016

FU @CIBBVA pic.twitter.com/RUqVEDgPgg — Chris Skinner (@Chris_Skinner) June 20, 2016 It was a grand day out full of BBVA companies and partners including Simple, Holvi, Atom, Eris, … The post The Finanser’s Week: 25th July – 31st July 2016 appeared first on Chris Skinner's blog.

Fintech 150

Fintech Company Regulation 150

PYMNTS

OCTOBER 5, 2018

. In the rundown of how individual countries rank, in terms of regulators levying fines on people and corporations, the United States tops the bill. Fines against companies were up two percent between 2016 to 2017 and over that same period were up 23 percent against individuals. million euros in 2016 to 2.9 billion.

Regulation 100

Regulation US United States Compliance 100

PYMNTS

JULY 27, 2018

watchdog in charge of investor oversight proposed tough new regulations regarding peer-to-peer (P2P) lending platforms, in a bid to help consumers wade through the new landscape, according to a report by Reuters. has also sought clarity on regulations as a means to better compete against established banks.

Lending 102

Lending Regulation Fintech Study 102

PYMNTS

DECEMBER 7, 2020

UK Regulations to Create New Digital Markets Unit. antitrust regulators are creating a Digital Markets Unit that will be given the duty to enforce rules applicable to Big Tech firms. Regulators also called out the tech company’s warranty terms for not covering water damage. According to the U.K. a lab with pure water).

Apple 143

Apple Regulation Taxes Marketing 143

PYMNTS

FEBRUARY 20, 2018

It doesn’t look like global banking regulators will be rushing to change their rules for FinTechs anytime soon. Regulators, however, have been hesitant to offer any heavy regulation on the industry. Regulators, however, have been hesitant to offer any heavy regulation on the industry.

Regulation 101

Regulation Fintech Training Innovation 101

Bank Innovation

FEBRUARY 16, 2016

2015, CEO Francisco Gonzalez said, “Some bankers and analysts think that Google, Facebook, Amazon or the like will not fully enter a highly regulated, low-margin business such as banking. BBVA has a lot more going on than Simple, cool as that acquisition was. I disagree. What is more, Read More.

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Branding Google Regulation Capital 170

Abrigo

JUNE 27, 2023

Regulations such as Geographic Targeting Order updates help identify AML risks by requiring identification for certain real estate purchases. The limited regulation around the real estate industry has made it especially easy for these bad actors to cycle their dirty money into the financial system using this avenue.

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El Paso Miami United States New York City 195

Chris Skinner

APRIL 26, 2016

Things we’re reading today include … China’s Ant Financial raises $4.5bn Standard Chartered shares jump 10% Bank of England official joins hedge fund Regulator widens inquiry into UK firms’ links with Panama Papers tax havens UK’s big four banks face £19bn in compensation, fines and legal costs U.S.

Taxes 150

Taxes Regulation 150

Chris Skinner

MARCH 7, 2016

Things we’re reading today include … £10m payday for Metro Bank cashiers as stock market float pays off New UK rules hold bank bosses accountable for misconduct NatWest online banking flaw enables hackers to drain bank accounts by stealing your smartphone Bank customers’ overdraft fees could be capped, say regulators Bank pledge adds (..)

Metro 150

Metro Regulation Online Marketing 150

Chris Skinner

APRIL 8, 2016

Labor calls for banking and financial services royal commission Europe’s banks under scrutiny as regulators look into Panama Papers Cyber fraudsters reap $2.3 Things we’re reading today include … Why are old banks hooking up with younger models?

Regulation 150

Regulation 150