PYMNTS

NOVEMBER 7, 2019

Hong Kong’s chief securities regulator is calling on the world regulators to get on the same page when it comes to Facebook’s Libra to avoid the “real risk of regulatory arbitrage.”. “If Rezchain works by receiving a daily update of all bookings between two Rezchain connected parties.

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blockchain Bitcoin Regulation New York 102

PYMNTS

SEPTEMBER 22, 2020

China's top regulator, the State Administration for Market Regulation, has fined coffee chain Luckin Coffee and other firms that helped it inflate its sales and expenses last year, The Wall Street Journal reported. The regulator said on Tuesday (Sept. That prompted the regulator to start the investigation.

Regulation 143

Regulation Company Fraud Policies 143

PYMNTS

OCTOBER 14, 2019

Online travel firm Booking Holdings is the latest Libra Association member to jump ship on the cryptocurrency project proposed by Facebook, Bloomberg reported on Monday (Oct. Membership was originally made up of 28 founding members, but the total continues to dwindle amid widespread scrutiny from regulators worldwide.

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PYMNTS

DECEMBER 30, 2019

According to the regulator, Booking.com asked other hotels and hostels to list the same prices on other reservation sites as it does on its own site. The company also agreed to end the time limit option for a booking if the price remains the same after the timer goes off. That practice will end.

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PYMNTS

JULY 6, 2020

Travala.com , the Binance-backed online trading agency, will be allowing travel bookings through Expedia paid for in cryptocurrency for the first time since 2018, according to CoinDesk. The feature was shelved at that time, as Expedia’s systems weren’t set up to accept bitcoin payments.

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Bitcoin cryptocurrency blockchain Regulation 169

PYMNTS

JUNE 29, 2020

Numerous regulators had discussions over the years about tightening supervision on Wirecard or adding it to a list of potential subjects for more investigations, but all decided against it, Reuters reports. That was all before the company’s current implosion over a scandal about a missing $2 billion on its books.

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TheGuardian

DECEMBER 9, 2022

Chancellor Jeremy Hunt is unveiling a 30-point package of City policy changes on Friday that rows back on regulations to boost competition and growth. We need the help of good growth and good regulation at the same time, they are two sides of the same coin.

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South State Correspondent

JANUARY 3, 2024

One common question we field is recommendations of books to improve either bank performance or personal performance. These books span a range of banking topics but emphasize second-order thinking, productivity, building client relationships, and innovation. The book also contains the best appendix that you will ever read.

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PYMNTS

JULY 31, 2020

Regulators in China are preparing to move against once-hot Luckin Coffee Inc. which admitted booking millions of dollars in nonexistent sales, The Wall Street Journal reported on Friday (July 31).

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Regulation Fraud Report Security 151

PYMNTS

JANUARY 24, 2019

With concerns mounting over the use of facial recognition technology to monitor people and intrude on privacy, Microsoft Chief Executive Satya Nadella said he supports regulation of the technology. He noted that self-regulation is still very important but laws may be needed to prevent any harmful outcomes the technology could have.

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PYMNTS

SEPTEMBER 20, 2019

Google CEO Sundar Pichai said politicians should take a measured approach when thinking about regulating artificial intelligence (AI), and that many of the rules already in place would work for legislating the new technology. Pichai said he wants to have a “partnership between government and businesses.”.

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Google Regulation Training Innovation 122

Cisco

OCTOBER 4, 2022

It is an update to the 2004 Operations book, and links the different processes of Architecture, Infrastructure, and Operations (AIO) into a cohesive framework for auditors to assess. In this booklet the FFIEC discusses the principles and practices for IT and operations, as well as processes for addressing risk respective to IT systems.

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Operations Software Risk Management Management 118

PYMNTS

AUGUST 2, 2017

Japanese tech startup and messaging app maker Line announced on Tuesday (August 1) that it is rolling out a taxi-booking service in Thailand’s capital of Bangkok. The country, noted TechCrunch, is one of the Southeast Asian company’s biggest markets, making Thailand the perfect place to launch a taxi-booking app.

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TheGuardian

SEPTEMBER 23, 2023

The boss of the Bank of England’s Prudential Regulation Authority (PRA) had headed to Devon for a celebratory weekend with his wife. But rather than settling in for dinner that evening, Woods had to book an extra hotel room to use as a makeshift crisis centre after US lender Silicon Valley Bank (SVB) suddenly collapsed.

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PYMNTS

NOVEMBER 7, 2018

With the rules, regulators are requiring Swiss banks to “[assign] a flat risk weight of 800 percent to cover market and credit risks, regardless of whether the positions are held in the banking or trading book.”

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PYMNTS

JUNE 14, 2019

Google CEO Sundar Pichai pushed back against talk of regulating tech companies, saying that the move could have unintended consequences, according to a report by CNBC. “I I worry that if you regulate for the sake of regulating it, it has a lot of unintended consequences,” Pichai said.

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PYMNTS

OCTOBER 22, 2018

In the United Kingdom, a peer-to-peer (P2P) property lender has taken what the Financial Times called “the unusual step” of asking a regulator for aid amid a legal dispute. Lendy told the FCA that “the situation is novel and is unfolding on a day-to-day basis, hence our urgent request” for a meeting to enlist the regulator’s “support.”.

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PYMNTS

FEBRUARY 12, 2019

Lawmakers and regulators in the U.K. Reuters , citing lawmakers and regulators in the U.K., Meanwhile, Charles Randell, Payment Systems Regulator (PSR) chair, told a committee that everyone is in agreement that the system needs to be looked at with fresh eyes. Reuters reported separately that the consumer group Which?

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PYMNTS

JULY 30, 2018

A bit more than two months in, GDPR (shorthand for General Data Protection Regulation) is having an impact. There was Facebook, of course, where commentary during second-quarter earnings conference calls with analysts showed that as a result of the new regulations, the firm lost about one million monthly active users in Europe.

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PYMNTS

OCTOBER 14, 2018

European Union lawmakers have proposed new regulations aimed at stopping an online marketplace such as Amazon from using data from merchants’ product sales to boost sales of their own branded products. According to Reuters, the rules target app stores, search engines, eCommerce sites, and hotel booking websites.

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Online Regulation Data Google 156

ABA Community Banking

APRIL 1, 2020

When regulators revised the booklet in 2019, they changed its title from “Business Continuity Planning” to “Business Continuity Management.” The post By the Books: Regulatory Expectations appeared first on ABA Banking Journal. The FFIEC said this move reflects the changes in customer and industry expectations for [.].

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PYMNTS

JANUARY 3, 2017

In London, around half of the nights booked on Airbnb last year would be put at risk by the 90-day limit. If its listings hold constant, Airbnb could see its bookings in 2017 drop by a third thanks to the new rules. Without the rules, AllTheRoom estimates that Airbnb would have seen its London bookings increase from $600 million to $1.24

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PYMNTS

JULY 13, 2018

South Korean financial regulators said a unit of Samsung , Samsung BioLogics , intentionally breached corporate accounting rules, Reuters reported Thursday (July 12). The parties will be further investigated. That move enabled BioLogics to report a profit shortly before its initial public offering (IPO) two years ago, which raised $2 billion.

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PYMNTS

NOVEMBER 10, 2019

Local firms including Kenya Airways , tourist hotels and phone-based lenders such as Safaricom will now have to comply with the new regulations. The lack of a data privacy law has been an enormous lacuna in Kenya’s digital rights landscape,” said Nanjala Nyabola, author of a book on information technology and democracy in Kenya.

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Cisco

JULY 12, 2022

A number of our financial institution customers are regulated by multiple, and different, regulatory bodies. The 2021 Updates in the Architecture, Infrastructure, and Operations book. The Federal Financial Institutions Examination Council—or better known as the FFIEC—is a formal U.S. In the U.S. Hardware and Software Lifecycles.

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Jeff For Banks

JUNE 30, 2017

That is how the book ended. Without further anticipation, here are the book's takeaways with a little editorial commentary from me: Amazon Link 1. There were ideas in the book to accomplish this that I must report to you: a) Subsidize banks to serve customers with financial instability who are not profitable.

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PYMNTS

APRIL 5, 2019

Silicon Valley-based financial services startup Earnin has potentially run afoul of New York State regulators with its payday advance product for consumers. But whether interest rates are the problem consumers are having or not, that issue is what regulators seem most concerned about investigating at this point.

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PYMNTS

JUNE 20, 2016

While CEO Tim Cook has been visiting China recently to smooth issues over, the dispute now between Apple and regulators in China centers around a patent dispute between Apple and one Chinese company. Apple hasn’t quite smoothed out its regulatory issues in China. It has also had various disputes over content licenses and patents.

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Regulation Apple Regional Online 101

PYMNTS

JANUARY 2, 2019

The number of eligible applicants was already hampered by 2017 regulations, and Didi is short drivers in some major cities. The company received $500 million in funding from Booking Holdings, with a plan to expand globally. The company received $500 million in funding from Booking Holdings, with a plan to expand globally.

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PYMNTS

APRIL 24, 2019

Regulators want to have a greater stake in the way sharing platforms operate. Many of these regulators also now expect sharing and payment services to comply with shifting data regulations, like GDPR. Yet, as consumers start to expect faster service with more security, payments can be a major undertaking for booking sites.

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South State Correspondent

APRIL 30, 2024

We witness over and over how some banks get themselves in deeper trouble booking derivatives on their books that are bets on market interest rate movements. A hedge should have a neutral outcome regardless of how the market moves (within defined bands).

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South State Correspondent

APRIL 30, 2024

We witness over and over how some banks get themselves in deeper trouble booking derivatives on their books that are bets on market interest rate movements. A hedge should have a neutral outcome regardless of how the market moves (within defined bands).

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Community Bank FDIC Community National 195

PYMNTS

JANUARY 25, 2021

In today’s top payments news around the world, India’s central bank wants stricter regulations for big shadow lenders, while global foreign direct investment (FDI) dropped last year and the pandemic will continue to impact it this year. Plus, British travelers age 55 and older are powering a formidable rise in trip bookings.

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United States Regulation Payments Lending 217

PYMNTS

FEBRUARY 8, 2019

Meanwhile, airlines and other travel vertical players face fresh pressures on alternative payments , and new payday loan regulations are looming. Data: 100 percent: The amount of mobile bookings that some travel operators say they will hit within the next few years, underscoring a shift away from desktop. 2020: When new U.S.

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Payments Regulation Compliance Operations 182

PYMNTS

JUNE 11, 2019

Online travel booking startup Nustay has filed a complaint with the European Union’s antitrust regulator, the European Commission, accusing Expedia Group and Booking Holdings of breaching the region’s competition rules. Booking, Expedia and the European Commission didn’t immediately respond to a request for comment.

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TheGuardian

OCTOBER 6, 2023

Lender’s stock hit all-time low after news it was exploring selling off up to 40% of mortgage book Metro Bank shares rebounded from all-time lows on Friday , amid reports that the embattled lender was sitting on a £600m offer from bondholders that could cover its looming funding pressures. Continue reading.

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Bobsguide

SEPTEMBER 4, 2017

Products are increasing in complexity, and tighter regulations are requiring. Furthermore these systems can be specific to individual asset classes; equities, fixed income, derivatives and structured products.

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