INDUSTRY INSIGHTS YOUR PEERS ARE READING
I was thinking about this question of how to regulate global technology platforms that don’t recognise national boundaries, mainly in the context of crypto and digital currencies. How can you regulate a global currency that has no view of state or national laws? MORE
In China, China’s banking and insurance regulator, as reported by Reuters, wants banks to meet credit demand from private firms “to the greatest possible extent.” Regulation AML china FDIC FinTech News OC&C real estate appraisals regulatory tracker MORE
According to The Wall Street Journal , the federal derivatives-market regulator also handed out around $900 million in penalties, higher than the amount in five of the eight years of the Obama administration. MORE
Russia will start regulating cryptocurrency trading by the end of the year, according to the country’s Finance Minister. It is possible to regulate them, so the […]. Cryptocurrency Bitcoin Bitcoin regulation cryptocurrencies Russia MORE
I guess that this is logical as my last line was that government control of cryptocurrencies is “not so easy for cryptocurrencies that have … The post Regulating the cryptocurrency markets appeared first on Chris Skinner's blog. Blockchain Fintech Future Grid Innovation Opinion Payments RegulationSomeone made the comment on my platform piece about what happens when there are no Jack Ma’s or Mark Zuckerberg’s, as the whole thing is decentralised? MORE
The Federal Reserve wants to change some of its regulations so that smaller banks don’t have to handle the same scrutiny and paperwork as bigger institutions. “I Regulation bank regulation community banks federal reserve job growth News risk What's Hot MORE
s Payment Systems Regulator (PSR) found that 100 scams hit businesses or consumers every day. Regulation consumer protection fraud News Push Payments regulation Regulator scams What's HotIn an effort to help authorized push payment (APP) fraud victims, The U.K.’s MORE
Vietnam wants to be a cashless society, according to a report in Financial Times , but bank regulations are hindering the country’s ability to do so. The Vietnamese don’t like the regulation, which is dissuading the adoption and spread of cashless payments in the country. MORE
Virtual Currency Market and Regulatory Competitiveness Act of 2018, seeks to have regulators research regulations for digital currencies that currently exist in other places around the world. To help further use of digital currency and head off price manipulation, two U.S. MORE
But the checks by banks help to quell these kinds of violations, so the situation has caused frustration for regulators. International AML financial regulation global banking international International Banking money laundering money transfers News remittances SBank Regulation What's Hot MORE
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. The Microsoft CEO cautioned that regulation has to help and not hinder the marketplace. MORE
A campaign group has asked EU regulators to investigate several data brokers, credit rating agencies and adtech companies to see if they are breaching the General Data Protection Regulation (GDPR). MORE
securities regulator is having trouble with rating agencies because it doesn’t have the tools or specific knowledge it needs to analyze huge amounts of rating data, according to a report from Reuters. Regulation compliance data News regulation Regulators SEC What's Hot MORE
According to Reuters , the Paris-based global AML watchdog revealed that jurisdictions around the world will be required to license or regulate cryptocurrency exchanges, as well as select firms providing encrypted wallets and firms providing financial services for ICOs. MORE
The Japanese Financial Services Agency, or FSA, has signed a fintech letter of cooperation with Swiss regulators the Financial Market Supervisory Authority, the agencies announced yesterday. MORE
Investors shouldn’t shrug off fines against big banks that run afoul of banking regulations because they impact returns over the longer term. Meanwhile, Credit Suisse was called out by the regulator for not having enough oversight, although it wasn’t hit with any fines. MORE
This doesn’t mean, however, that the nation couldn’t join the call for more cohesive regulation. Regulation Australia china cross-border data Davos ecommerce Japan News regulation splinternet What's Hot World Trade Organization MORE
Following a complaint from Citizens Advice, Britain’s competition regulator might investigate financial service and telecom companies. Europe API British regulator cma Competition Regulation FCA financial services News regulation uk What's HotThe group had contended that consumers were being “ripped off” if they didn’t switch providers, Reuters reported. The charity claims that customers were being overcharged by $5.2 billion annually. MORE
banking regulators asked lenders to help workers who couldn’t pay their bills or needed credit in the meantime, according to a report from Reuters. Loans bank loans credit federal reserve Government lenders News paychecks regulations Regulators What's HotAs Friday (Jan. MORE
According to a report in CNBC , citing the report published by the ACCC, the government watchdog listed a series of remedies, which include creating a government agency that would be tasked with regulating how the likes of Facebook and Google publish news on their platforms. MORE
CUs are also actively communicating with law enforcement agencies, keeping regulators informed about suspicious activity, while receiving tips on noticeable trends that these same agencies are eyeing. MORE
31) that it was going to increase investment in the upcoming year, and expressed concern over new regulations in India that would limit its business in the country, according to a report by CNBC. . Amazon announced during an earnings call on Thursday (Jan. MORE
Apple ’s CEO believes that new regulations for the tech industry are “inevitable.”. According to the Financial Times , Tim Cook said in an interview that “the free market is not working” and that the tech industry should embrace regulation. MORE
A bigger question must also be: how can a regulatory check that a bank is compliant with their regulatory changes, if their regulations change every 12 minutes are run to 1,000’s of pages? The answer is they can’t, but they don’t … The post The Semantic Regulator (#RegTech Rules) appeared first on Chris Skinner's blog. Blockchain Fintech Grid Regulation Technology UncategorizedA bank has to make a regulatory change every 12 minutes. That’s some task. MORE
Facebook , which has been under fire for months over data scandals, expressed openness to new regulation. According to a report in Reuters citing Facebook’s public policy manager Karim Palant, the executive said the social media giant is “open to meaningful regulation.” MORE
Facebook could face coordinated regulation by nine countries after chief executive Mark Zuckerberg refused to be questioned by an international committee on fake news. Facebook international News regulation security & fraud What's Hot MORE
Following the proposal of a payments regulator to be established independent of the Reserve Bank of India (RBI), the central bank has put forward a public objection. The regulator would have a chairperson chosen with input from the RBI, but the central bank objects to having the regulator outside of its control and not led by its governor, Reuters reported. International bank regulations india News payments regulator RBI Reserve Bank Of India What's Hot MORE
China is reportedly looking at new regulations that would impact Alibaba and Ant Financial in an effort to boost oversight of financial holding companies. Regulation alibaba Ant Financial china financial holding companies News regulation What's Hot MORE
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. MORE
Regulators in the United States have reportedly met to discuss levying fines against social media giant Facebook , a punishment that could be sizable in scope and which comes in the wake of privacy violations. MORE
Before 2010, I was writing a lot about technology but it was all heavily geared towards regulations. MiFID and PSD were top of mind, along with Basel III and other global, European and domestic regulations. I wrote a lot about regulations. MORE
In Ireland, reported CryptoGlobe , the Irish cabinet has approved legislation that will bring more regulation to the sector. Separately, in India, the action toward crypto regulation seems to be … inaction. MORE
21) by a French regulator, in what the Wall Street Journal reported is the largest penalty under the new European General Data Protection Regulation (GDPR) privacy law. It’s also one of the highest-profile regulator actions coming from GDPR which went into effect last year. MORE
Denmark, still recovering from a $230 billion money laundering scandal at Danske Bank, is going to propose new ways for its financial regulator to stop being so close to the banks that it supervises, according to a report in Financial Times. MORE
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.” MORE
According to the Wall Street Journa l , foreign investors in 27 industries — including semiconductors, telecommunications and defense — will be subjected to the new regulations because the Committee on Foreign Investment in the U.S. A U.S. MORE
In the rundown of how individual countries rank, in terms of regulators levying fines on people and corporations, the United States tops the list. Regulators globally are also using a wider range of enforcement tools in an attempt to improve conduct,” he said. MORE
Security & Fraud AML Anti-Money Laundering artificial intelligence bank fraud compliance Financial Crime fraud News Regulators SecuritySeveral regulatory agencies issued a joint statement Monday (Dec. MORE
As mentioned on Friday, they see … The post The regulator’s view of bitcoin, 2017 appeared first on Chris Skinner's blog. Blockchain Digital Bank Fintech Grid Innovation Opinion Regulation MORE
The rise of insurtech is running parallel to the rise of regtech, as financial firms and startups apply artificial intelligence, blockchain, and other technologies to the dizzying world of financial regulation. Fintech has another cousin. MORE
As noted by the Conference of State Bank Supervisors (CSBS), state regulators earlier this month released the inaugural Money Services Business Industry Report, which featured transaction data tied to 2017 and focused on licensed money transmission and payments. MORE
government is looking to find a way to regulate artificial intelligence (AI) so other countries can’t use the technology against it. Regulation AI artificial intelligence china News regulations trump administration What's HotA new proposal shows that the U.S. MORE
Regulation AML banking Banks Danske Bank DoJ EBA EU Financial Crime investigation money laundering News regulation scandal What's Hot MORE
A potential tie-up between German banks Deutsche Bank and Commerzbank should get the nod of regulators in Germany. The Wall Street Journal , citing a senior German regulator, reported the government is prepared to support a merger of the two to create one banking giant. MORE
Regulation Related Topics PYMNTS
JANUARY 7, 2019
In Ireland, reported CryptoGlobe , the Irish cabinet has approved legislation that will bring more regulation to the sector. Separately, in India, the action toward crypto regulation seems to be … inaction.
PYMNTS
JANUARY 21, 2019
21) by a French regulator, in what the Wall Street Journal reported is the largest penalty under the new European General Data Protection Regulation (GDPR) privacy law. It’s also one of the highest-profile regulator actions coming from GDPR which went into effect last year.
PYMNTS
DECEMBER 19, 2018
securities regulator is having trouble with rating agencies because it doesn’t have the tools or specific knowledge it needs to analyze huge amounts of rating data, according to a report from Reuters. Regulation compliance data News regulation Regulators SEC What's Hot
PYMNTS
NOVEMBER 21, 2018
government is looking to find a way to regulate artificial intelligence (AI) so other countries can’t use the technology against it. Regulation AI artificial intelligence china News regulations trump administration What's HotA new proposal shows that the U.S.
Chris Skinner
NOVEMBER 3, 2017
I was thinking about this question of how to regulate global technology platforms that don’t recognise national boundaries, mainly in the context of crypto and digital currencies. How can you regulate a global currency that has no view of state or national laws?
PYMNTS
DECEMBER 14, 2018
s Payment Systems Regulator (PSR) found that 100 scams hit businesses or consumers every day. Regulation consumer protection fraud News Push Payments regulation Regulator scams What's HotIn an effort to help authorized push payment (APP) fraud victims, The U.K.’s
PYMNTS
FEBRUARY 12, 2019
The Federal Reserve wants to change some of its regulations so that smaller banks don’t have to handle the same scrutiny and paperwork as bigger institutions. “I Regulation bank regulation community banks federal reserve job growth News risk What's Hot
PYMNTS
FEBRUARY 18, 2019
Facebook , which has been under fire for months over data scandals, expressed openness to new regulation. According to a report in Reuters citing Facebook’s public policy manager Karim Palant, the executive said the social media giant is “open to meaningful regulation.”
PYMNTS
NOVEMBER 18, 2018
Apple ’s CEO believes that new regulations for the tech industry are “inevitable.”. According to the Financial Times , Tim Cook said in an interview that “the free market is not working” and that the tech industry should embrace regulation.
PYMNTS
OCTOBER 8, 2018
According to The Wall Street Journal , the federal derivatives-market regulator also handed out around $900 million in penalties, higher than the amount in five of the eight years of the Obama administration.
PYMNTS
DECEMBER 10, 2018
In China, China’s banking and insurance regulator, as reported by Reuters, wants banks to meet credit demand from private firms “to the greatest possible extent.” Regulation AML china FDIC FinTech News OC&C real estate appraisals regulatory tracker
PYMNTS
DECEMBER 7, 2018
Virtual Currency Market and Regulatory Competitiveness Act of 2018, seeks to have regulators research regulations for digital currencies that currently exist in other places around the world. To help further use of digital currency and head off price manipulation, two U.S.
Chris Skinner
FEBRUARY 15, 2018
I guess that this is logical as my last line was that government control of cryptocurrencies is “not so easy for cryptocurrencies that have … The post Regulating the cryptocurrency markets appeared first on Chris Skinner's blog. Blockchain Fintech Future Grid Innovation Opinion Payments RegulationSomeone made the comment on my platform piece about what happens when there are no Jack Ma’s or Mark Zuckerberg’s, as the whole thing is decentralised?
PYMNTS
NOVEMBER 16, 2018
But the checks by banks help to quell these kinds of violations, so the situation has caused frustration for regulators. International AML financial regulation global banking international International Banking money laundering money transfers News remittances SBank Regulation What's Hot
PYMNTS
JANUARY 31, 2019
A potential tie-up between German banks Deutsche Bank and Commerzbank should get the nod of regulators in Germany. The Wall Street Journal , citing a senior German regulator, reported the government is prepared to support a merger of the two to create one banking giant.
Bank Innovation
APRIL 24, 2017
The rise of insurtech is running parallel to the rise of regtech, as financial firms and startups apply artificial intelligence, blockchain, and other technologies to the dizzying world of financial regulation. Fintech has another cousin.
PYMNTS
JANUARY 14, 2019
Vietnam wants to be a cashless society, according to a report in Financial Times , but bank regulations are hindering the country’s ability to do so. The Vietnamese don’t like the regulation, which is dissuading the adoption and spread of cashless payments in the country.
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. The Microsoft CEO cautioned that regulation has to help and not hinder the marketplace.
PYMNTS
JANUARY 18, 2019
Regulators in the United States have reportedly met to discuss levying fines against social media giant Facebook , a punishment that could be sizable in scope and which comes in the wake of privacy violations.
PYMNTS
JANUARY 25, 2019
This doesn’t mean, however, that the nation couldn’t join the call for more cohesive regulation. Regulation Australia china cross-border data Davos ecommerce Japan News regulation splinternet What's Hot World Trade Organization
PYMNTS
NOVEMBER 28, 2018
Facebook could face coordinated regulation by nine countries after chief executive Mark Zuckerberg refused to be questioned by an international committee on fake news. Facebook international News regulation security & fraud What's Hot
PYMNTS
DECEMBER 11, 2018
According to a report in CNBC , citing the report published by the ACCC, the government watchdog listed a series of remedies, which include creating a government agency that would be tasked with regulating how the likes of Facebook and Google publish news on their platforms.
PYMNTS
JANUARY 2, 2019
Denmark, still recovering from a $230 billion money laundering scandal at Danske Bank, is going to propose new ways for its financial regulator to stop being so close to the banks that it supervises, according to a report in Financial Times.
PYMNTS
DECEMBER 13, 2018
CUs are also actively communicating with law enforcement agencies, keeping regulators informed about suspicious activity, while receiving tips on noticeable trends that these same agencies are eyeing.
PYMNTS
NOVEMBER 8, 2018
A campaign group has asked EU regulators to investigate several data brokers, credit rating agencies and adtech companies to see if they are breaching the General Data Protection Regulation (GDPR).
PYMNTS
OCTOBER 19, 2018
Following the proposal of a payments regulator to be established independent of the Reserve Bank of India (RBI), the central bank has put forward a public objection. The regulator would have a chairperson chosen with input from the RBI, but the central bank objects to having the regulator outside of its control and not led by its governor, Reuters reported. International bank regulations india News payments regulator RBI Reserve Bank Of India What's Hot
PYMNTS
OCTOBER 15, 2018
As noted by the Conference of State Bank Supervisors (CSBS), state regulators earlier this month released the inaugural Money Services Business Industry Report, which featured transaction data tied to 2017 and focused on licensed money transmission and payments.
Chris Skinner
SEPTEMBER 18, 2017
As mentioned on Friday, they see … The post The regulator’s view of bitcoin, 2017 appeared first on Chris Skinner's blog. Blockchain Digital Bank Fintech Grid Innovation Opinion Regulation
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.
PYMNTS
NOVEMBER 5, 2018
China is reportedly looking at new regulations that would impact Alibaba and Ant Financial in an effort to boost oversight of financial holding companies. Regulation alibaba Ant Financial china financial holding companies News regulation What's Hot
Bank Innovation
APRIL 5, 2018
The Japanese Financial Services Agency, or FSA, has signed a fintech letter of cooperation with Swiss regulators the Financial Market Supervisory Authority, the agencies announced yesterday.
PYMNTS
DECEMBER 4, 2018
Security & Fraud AML Anti-Money Laundering artificial intelligence bank fraud compliance Financial Crime fraud News Regulators SecuritySeveral regulatory agencies issued a joint statement Monday (Dec.
PYMNTS
OCTOBER 11, 2018
According to the Wall Street Journa l , foreign investors in 27 industries — including semiconductors, telecommunications and defense — will be subjected to the new regulations because the Committee on Foreign Investment in the U.S. A U.S.
PYMNTS
SEPTEMBER 28, 2018
Following a complaint from Citizens Advice, Britain’s competition regulator might investigate financial service and telecom companies. Europe API British regulator cma Competition Regulation FCA financial services News regulation uk What's HotThe group had contended that consumers were being “ripped off” if they didn’t switch providers, Reuters reported. The charity claims that customers were being overcharged by $5.2 billion annually.
PYMNTS
OCTOBER 8, 2018
Investors shouldn’t shrug off fines against big banks that run afoul of banking regulations because they impact returns over the longer term. Meanwhile, Credit Suisse was called out by the regulator for not having enough oversight, although it wasn’t hit with any fines.
PYMNTS
OCTOBER 21, 2018
According to Reuters , the Paris-based global AML watchdog revealed that jurisdictions around the world will be required to license or regulate cryptocurrency exchanges, as well as select firms providing encrypted wallets and firms providing financial services for ICOs.
PYMNTS
JANUARY 11, 2019
banking regulators asked lenders to help workers who couldn’t pay their bills or needed credit in the meantime, according to a report from Reuters. Loans bank loans credit federal reserve Government lenders News paychecks regulations Regulators What's HotAs Friday (Jan.
PYMNTS
OCTOBER 9, 2018
Regulation AML banking Banks Danske Bank DoJ EBA EU Financial Crime investigation money laundering News regulation scandal What's Hot
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. Regulators globally are also using a wider range of enforcement tools in an attempt to improve conduct,” he said.
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.”
Chris Skinner
JANUARY 31, 2017
A bigger question must also be: how can a regulatory check that a bank is compliant with their regulatory changes, if their regulations change every 12 minutes are run to 1,000’s of pages? The answer is they can’t, but they don’t … The post The Semantic Regulator (#RegTech Rules) appeared first on Chris Skinner's blog. Blockchain Fintech Grid Regulation Technology UncategorizedA bank has to make a regulatory change every 12 minutes. That’s some task.
Bank Innovation
SEPTEMBER 11, 2017
Russia will start regulating cryptocurrency trading by the end of the year, according to the country’s Finance Minister. It is possible to regulate them, so the […]. Cryptocurrency Bitcoin Bitcoin regulation cryptocurrencies Russia
PYMNTS
FEBRUARY 1, 2019
31) that it was going to increase investment in the upcoming year, and expressed concern over new regulations in India that would limit its business in the country, according to a report by CNBC. . Amazon announced during an earnings call on Thursday (Jan.
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