TheGuardian

NOVEMBER 30, 2022

A new report by the Australian Prudential Regulation Authority (Apra) found climate change could make banks more vulnerable to economic downturns as they face up to a threefold increase in lending losses by 2050, but that the system should be able to absorb the impact.

Lending 82

Lending Regulation Regional Industry 82

Bobsguide

OCTOBER 16, 2018

When the Financial Stability Board (FSB) published its guidelines to national and regional regulators to encourage greater oversight into financial markets, even they couldn’t foresee the deluge of rules and compliance requirements those regulators would begin to craft. In Europe, the most.

Guidelines 115

Guidelines Report Data Regional 115

PYMNTS

MAY 19, 2017

Even as some countries move away from physical currency in favor of more modern payment methods, demand in larger nations means the Asia-Pacific region is still clinging to cash. With China and India driving economic growth, countries in the Asia-Pacific region are estimated to spend some $8.1 trillion in cash payments in 2015.

Report 136

Report Regional Analysis Payments 136

PYMNTS

NOVEMBER 10, 2020

The central bank and several other commercial banks collaborated on a cross-border bank account offering that Pakistanis overseas can use to store rupees and foreign currencies as well as to pay bills and make other transactions in the nation.

Report 216

Report Fintech United States Meeting 216

PYMNTS

JANUARY 7, 2021

The World Health Organization (WHO) is warning that Europe is likely entering into the “acute” phase of the COVID-19 pandemic as nations scramble to quell the latest surge in infections. The approval is the second by European regulators, who greenlighted a vaccine developed by Pfizer and Germany’s BioNTech last month.

National 195

National Regional United States Policies 195

PYMNTS

AUGUST 1, 2018

A new report by the Bipartisan Policy Center recommended several reforms that would help the U.S. Small businesses are essential job generators, and the major driver of economic growth and vibrancy for all regions of the country.”. The center’s Task Force on Main Street Finance — co-chaired by former Senator Olympia Snowe, former U.S.

Policies 100

Policies Report Regulation Maine 100

PYMNTS

OCTOBER 12, 2018

Amid the headlines detailing the billions of dollars in money laundering done through conduits like Danske Bank and Deutsche Bank, among others, a report shows that the problem is a global one — and that it is getting worse. The Basel report notes that there is no country with a “zero” risk of such illegal activities.

Report 188

Report Course Trends Data 188

PYMNTS

MARCH 11, 2016

The long-anticipated report from the European Union competition watchdog will soon be released, providing everyone in the cross-border eCommerce industry an insight into any possible antitrust issues. That report is supposed to be released next week and will include details of the 28 nations in the EU.

Regulation 100

Regulation Regional Analysis Fraud 100

PYMNTS

MAY 31, 2020

Uber has been approved by the National Economic Prosecutor’s Office (FNE), Chile’s antitrust regulator, to acquire the Chilean grocery shopping app Cornershop, according to an FNE statement. FNE made the approval “without conditions,” according to a Reuters report.

Online 163

Online Regulation Retail Regional 163

PYMNTS

APRIL 6, 2020

Based on information from six nations, with the inclusion of the U.K., regulators in Europe said on Monday (April 6) that Mastercard ’s plans to purchase a portion of Nets presents a sizable risk to competition on the continent. As previously reported in August, Mastercard has planned to purchase Nets for $3.2

National 140

National Regional System Regulation 140

PYMNTS

JULY 16, 2020

servers, The Wall Street Journal reported. The top court of the 28-nation bloc ruled the transfer of personal data to platforms in the U.S. s surveillance practices should put an end to storing personal information about Europeans, The Journal reported. including Facebook Inc., Alphabet Inc.’s s Google and Apple Inc.

Data 212

Data US Regional Resources 212

PYMNTS

APRIL 26, 2020

banks,” an adviser with direct involvement in bank negotiations with German corporates told FT in a Friday (April 24) report. “…there is a clear pattern.”. This heavily influences risk management and regional exposure, which comes at the expense of clients abroad.”. European regulators have noticed the trend of retreating U.S.

US 143

US Regional America Lending 143

PYMNTS

SEPTEMBER 30, 2019

Scrutiny of tech firms is spreading across the globe, hinting at broader regulations over privacy and, possibly, bigger tax bills. Together, we are 80 percent of the region,” Indonesian Communications Minister Rudiantara told the newswire. Reuters noted this past week that such approaches would take place through a unified effort.

Taxes 133

Taxes Regulation cryptocurrency Google 133

PYMNTS

APRIL 16, 2019

Among the most recent headlines, in Asia this past week, the Monetary Authority of Singapore (MAS) and the National Bank of Cambodia have signed a memorandum of understanding (MOU), that Business Times said will boost partnerships on FinTech and financial services innovation. The banks have also agreed to share data on emerging markets.

Fintech 211

Fintech San Francisco National Innovation 211

PYMNTS

SEPTEMBER 20, 2020

If the European Union (EU) gets its way, the 27-nation bloc will have the power to split or force the sale of giant technology companies that threaten smaller rivals and their customers. Breton said regulators in Brussels are preparing a list of activities that tech companies would be required to eliminate. “On

Compliance 175

Compliance Regulation Taxes System 175

PYMNTS

JUNE 14, 2017

Not only do regulations vary from jurisdiction to jurisdiction, but the consequences of non-compliance vary greatly, too. In a new report by TMF Group, analysts aimed to understand exactly how compliance demands change in various parts of the world. There are also an “extremely high number” of tax rules. Top Challenge Areas.

Compliance 146

Compliance Marketing Taxes Groups 146

PYMNTS

JANUARY 29, 2018

China’s rising levels of corporate debt are in the headlines again with the nation’s banking regulator reportedly introducing to lower debt levels. Reports in Reuters said Friday (Jan. Regulators must keep clear heads and cannot be blindly optimistic,” the regulator stated in its report.

National 100

National Regulation New York Regional 100

PYMNTS

JULY 17, 2018

In one case at the state level (and it’s New York, so movement there carries much weight within the financial arena), Bloomberg reported that NY’s financial regulator is challenging what the newswire terms a “fundamental principle” on bank and FinTech relationships that brings interest rate caps into that regulator’s crosshairs.

Fintech 100

Fintech Regulation New York Management 100

PYMNTS

FEBRUARY 20, 2020

Financial Stability Board (FSB) Chair Randal Quarles has warned global financial regulators that they must accelerate the creation of a framework for cryptocurrency and other forms of digital money, Reuters reported on Wednesday (Feb.

cryptocurrency 194

cryptocurrency Meeting Conference Regional 194

FICO

MARCH 7, 2023

Home Blog FICO Responsible AI: Are European Firms Ready for the Regulators? There are significant changes coming in Europe, which highlight getting a handle on responsible AI use, with the banking and financial services sector among those that will be most impacted by increasing regulation.

Regulation 52

Regulation America Compliance Fraud 52

South State Correspondent

APRIL 10, 2023

Nonetheless, with the recent collapse of sizeable regional banks, regulators, investors, analysts, accountants, and bankers are now scrutinizing the fair value of banks’ securities and loan portfolios. Fair Value of Loans The fair value of securities has made recent headlines with a focus on regulators, legislators, and bankers.

Community Bank 195

Community Bank Community Security Capital 195

PYMNTS

FEBRUARY 10, 2017

These reports include information on the what age group is the most active eCommerce shoppers and the most frequent obstacles merchants encounter when they are engaged in cross-border trade. Several companies are finding that navigating the different rules that vary between countries and regions can be tricky.

Report 100

Report Survey Groups Regional 100

PYMNTS

SEPTEMBER 15, 2020

To that end, Bloomberg reported at least some financial regulators from the European Union say there need to be strict controls governing central bank digital currencies in place — and Libra (among other private efforts) may present a threat to financial stability.

Boston 227

Boston Retail Meeting Maine 227

PYMNTS

AUGUST 12, 2019

The European Union’s Facebook investigations under the bloc’s new privacy laws could wrap up by the end of this year, The Wall Street Journal reported on Monday (Aug. The EU’s privacy enforcement for Facebook is led by Ireland’s Data Protection Commission since the social platform’s regional headquarters are in Dublin.

social media 100

social media Regulation Regional Data 100

PYMNTS

FEBRUARY 4, 2019

A series of regulations was established to encourage a safer, more transparent financial services environment following the 2008 financial crisis. Failure to meet AML/KYC requirement challenges can be costly for FIs, too, with regulators issuing heavy fines for lax security practices or failure to devote sufficient resources to oversight.

How To 161

How To Regulation Compliance Meeting 161

PYMNTS

JANUARY 8, 2019

In addition, Pakistan’s Telenor Microfinance Bank unveiled a cross-border remittance service based on Alipay’s blockchain technology, Indonesia’s KinerjaPay notched an investment of $200 million from a construction firm in the region and mobile payments are on the rise in China. percent year on year in 2019.

Regional 128

Regional blockchain Mobile United States 128

Jeff For Banks

NOVEMBER 24, 2019

September 1st, 1999, regulators from the Federal Deposit Insurance Corp, at the behest of the Office of the Comptroller of the Currency, descended on a small coal mining town in Keystone, West Virginia. Clearly, blue-suit regulators stood out. The bank, First National Bank of Keystone, was $1.1 I'm not making this up.

National 78

National West Virginia Virginia Pennsylvania 78

Abrigo

AUGUST 22, 2019

Training is especially important for the BSA officer, who “is expected to be fully knowledgeable about the BSA and all related regulations,” as a recent Federal Reserve Bank of Minneapolis publication noted. One option that makes it easy for BSA officers to complete required training is to attend regional meetings. Ready to Attend?

Training 150

Training Las Vegas Alabama Minneapolis 150

PYMNTS

AUGUST 7, 2017

United Arab Emirates (UAE) regulators are setting out to establish a framework to guide the small business (SMB) crowdfunding market, news reports on Sunday (Aug. Reports noted that regulators are aiming to promote innovation and a broadening of small business investment activity.

Regulation 105

Regulation Regional National Report 105

PYMNTS

FEBRUARY 21, 2018

A regional government in Russia is now working with state-backed VEB, reports in CoinDesk said this week, as authorities explore how to use blockchain “to improve the quality of management decisions.”. As regulators begin to consider blockchain regulations, many have signaled a desire not to hamper innovation while doing so.

blockchain 130

blockchain Los Angeles Regulation Oregon 130

PYMNTS

JUNE 19, 2019

In an effort to clamp down on cross-border money laundering, the People’s Bank of China (PBOC) plans to bolster cooperation with other nations such as countries in Europe. The central bank’s efforts would home in on areas such as financial information exchange, anti-money laundering (AML) regulation and asset recovery, Reuters reported.

Regulation 100

Regulation Regional Course National 100

PYMNTS

MAY 21, 2020

As reported in this space last month, the efforts are still nascent. A central entity may be a central bank which regulates a monetary supply,” the company wrote. “A A central entity may maintain exclusive rights to create or destroy currency in a region such as a nation.

United States 244

United States Regional cryptocurrency Retail 244

PYMNTS

OCTOBER 9, 2019

Regulators continue to examine reports of disease and deaths allegedly linked to eCigarettes. 9) that it will stop selling eCigarette components in the United States, Reuters reports. based users, according to reports. Reuters reported the reports of the lung illnesses top 1,000 cases. territory.

US 109

US United States Regional Report 109

Abrigo

DECEMBER 13, 2019

ABA study shows banks are reporting more cases of EFE. The Senior Safe Act provides a safe harbor for financial institutions reporting suspected EFE. . The grounds to issue a C&D is when an IDI or an IAP has engaged or is about to engage in an unsafe or unsound practice in the IDI, or a violation of the law and/or regulation.

FDIC 195

FDIC Regulation Capital Lending 195

Abrigo

AUGUST 31, 2023

From a security standpoint, forcing customers into Western nomenclature can lead to missed OFAC specially designated nationals (SDN) list matches, and open-source information searches could be lost or overlooked. Regions serving these communities must have alternative KYC procedures to benefit members and prevent undue stress and anxiety.

Compliance 195

Compliance Community Training System 195

PYMNTS

NOVEMBER 25, 2019

Amid the continuing drumbeat for taxes on global commerce done through digital means, the Czech government has approved a new seven percent digital tax on global Internet firms which will, as Reuters reports , be levied on revenues tied to Czech users across advertising, digital marketplaces and data sales.

Taxes 130

Taxes Google Data Regulation 130

PYMNTS

FEBRUARY 20, 2020

companies, is staying in the EU and will keep some of the EU’s famously stringent data protection rules, the General Data Protection Regulation. has one of the weakest privacy protections of any developed nation. Ireland, which hosts the headquarters of Google and other big U.S. Recent U.S. Britain and the U.S.

Google 141

Google US Data Regional 141