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I was in conversation with a banker the other day and we got around to regulations and regulators, as many conversations with banks tend to do. I guess it falls into three categories: the way regulations used to be; the way … The post Time for a global regulator appeared first on Chris Skinner's blog. Digital Bank Future Grid Opinion Regulation MORE
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? Obviously, you can only regulate it when … The post Regulating the unregulated appeared first on Chris Skinner's blog. Blockchain Crime Fintech Grid Opinion Regulation MORE
The China Banking and Insurance Regulatory Commission (CBIRC) is soliciting public input on the draft regulations, which would amend a 2010 policy. The new regulations would implement a “thorough, continuous and penetrating supervision” over insurance group companies, the CBIRC statement says. MORE
The increasing links between financial institutions and Big Tech, particularly in cloud computing, is alarming — and regulators need to sit up, the European Banking Authority (EBA) warned on Tuesday (Sept. Bank Regulation Banks Big Tech EBA EU News regulations What's Hot MORE
The White House has singled out stablecoins for regulations that would be akin to the mandates that banks must follow, according to reports on Friday (Oct. Regulation Blockchain Government News regulations Stablecoin What's Hot MORE
In a push to even the playing field and stop monopolistic practices, Chinese regulators ordered Alibaba to adopt Tencent’s WeChat Pay on its platform, CNBC and other news outlets reported on Tuesday (Sept. See also: China's Regulator Orders Tech Companies to Open 'Walled Gardens'. 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
Regulation and compliance MORE
Securities and Exchange Commission (SEC) Chairman Gary Gensler said he thinks the cryptocurrency market, now worth $2 trillion, needs more regulation, CoinDesk reported. Cryptocurrency cryptocurrency Editors' Picks News regulations SEC Securities and Exchange Commission What's Hot MORE
Shenzhen-headquartered Tencent is being slapped with a lawsuit over its WeChat subsidiary and regulations concerning minors, Reuters reported on Friday (Aug. Legal china international Lawsuits legal News regulations Social Media tencent wechat What's Hot MORE
Europe's biggest banks have called on the European Commission to implement tough regulations for cryptocurrencies, such as stablecoins, that would protect consumers and preserve state sovereignty in monetary policy, Reuters reported. MORE
In the first key point in the proposal, Coinbase asks Congress to “regulate digital assets under a separate framework.” The 7,000-word proposal itself argues that approaching regulation of cryptocurrencies more methodically is in the U.S. MORE
Accounting regulations Wirecard Germany MORE
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President Xi Jinping has encouraged the action to improve the State Administration for Market Regulation (SAMR), which was once low-profile, according to the report. ANTITRUST Antitrust china international News regulations What's Hot MORE
Looming cryptocurrency regulations are getting the top down approach. Bloomberg reported at the end of the week that a range of possibilities tied to regulating cryptocurrencies is being mulled at the White House – with a focus on combatting ransomware and cybercrime. MORE
But they are also forcing central banks and regulators to rethink and restructure their approaches to becoming resilient, adopting new technologies, leveraging data and constructing an agile operating model, all while providing regulatory services. 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
The new regulation set forth by China’s top legislative body is intended to further emphasize laws currently in place regarding how personal data is processed state-side and cross-border. Learn more: Another Chinese Regulator Cracks Competition Whip At Big Tech. MORE
This means this is not the end … The post BaaS works, it’s the regulations that don’t appeared first on Chris Skinner's blog. Digital Bank Fintech Future Grid Opinion Regulation MORE
A China regulator has told tech giants Alibaba, Tencent and others to stop blocking one another’s website links on their respective platforms, Reuters reported. Regulation alibaba china international News regulations tencent What's Hot MORE
Chinese regulators are defending their crackdown on industries that have disrupted the market as they speak with Wall Street executives, saying the new rules aren’t supposed to crush tech companies. Read more: China's Regulator Orders Tech Companies to Open 'Walled Gardens'. MORE
The impetus for the tighter regulations was the Colonial Pipeline cyberattack that occurred earlier this month. The goal of the Biden administration is to put “effective, enforceable regulation, not create a check-the-box exercise.”. MORE
If we’re talking about finding some kind of meaningful regulation and oversight of facial recognition, which is what I think the chair is alluding to, then I think we can find a lot of common ground here,” he said, according to Bloomberg. 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. … The post Slow regulations versus fast tech appeared first on Chris Skinner's blog. Digital Bank Fintech Grid Innovation Regulation Technology Uncategorized MORE
cryptocurrency firms have failed to meet regulations aimed at curbing money laundering, according to the country’s Financial Conduct Authority (FCA). South Africa’s Financial Sector Conduct Authority (FSCA) is the latest on the list of regulators mounting pressure on the crypto firm. MORE
Amazon has asked India’s market regulator, the Securities and Exchange Board of India (SEBI), to withdraw its conditional approval of competitor Future Group’s $3.4 Legal acquisitions Amazon Future Group india international legal News regulations Reliance Industries What's Hot 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. Changing the face of regulation for a fresher, more transparent take isn’t exactly easy–as the OCC is finding out–but we […]. Fintech has another cousin. MORE
The post Regulators eye big data impact on ratemaking appeared first on Daily Fintech. InsurTech #bigdata #predictivemodels #ratemaking #regulatorIn insurance, big data connotes unstructured and structured data that influences underwriting, rating, and pricing. MORE
Regulators are worried that investors could suffer steep losses if the stocks plunge, according to the report. Stock Index investigations Investments News regulations SEC Stocks What's HotMarket swings and the surging prices of meme stocks have caught the attention of the U.S. MORE
China’s State Administration of Market Regulation (SAMR) said on Monday (Aug. Bikes and mobile phone chargers are among the most popular shared products in China, where a lack of regulations on bike-sharing has led to an oversupply of bikes and more than 40 companies squaring off. MORE
1 for a bit, as regulators don’t seem to be looking into his bottled water empire. Regulation alibaba Big Tech china international jack ma News regulations Technology What's Hot MORE
It was issued two weeks ago by the Luxembourg National Commission for Data Protection (CNDP), which says the retail giant failed to comply with the European Union’s General Data Protection Regulation. Amazon fines GDPR international News regulations What's Hot MORE
Binance is just one of several crypto exchanges that have been facing increased pushback from regulators around the world as digital currencies become more of a popular idea, and thus more open to scrutiny, the report stated. MORE
Here’s where the regulator will focus in 2020: The Financial Stability Board (FSB) published its work programme for 2020. Future Grid Payments RegulationI was going to write stuff about this but The Financial Stability Board did it for me. MORE
The Australian government is looking into the best way to overhaul its current infrastructure for financial regulation to enable stronger oversight of digital wallets and payments from Big Tech companies like Apple, Google, WeChat and others. MORE
will begin regulating cryptocurrencies as unease about stablecoins and crypto in general grows in Washington, JPMorgan Chase & Co. No matter what anyone in the room thinks, nor what any libertarian thinks, nor what anyone thinks about it, the government’s going to regulate it.”. MORE
Regulation Related Topics PYMNTS
OCTOBER 1, 2021
The White House has singled out stablecoins for regulations that would be akin to the mandates that banks must follow, according to reports on Friday (Oct. Regulation Blockchain Government News regulations Stablecoin What's Hot
PYMNTS
OCTOBER 14, 2021
In the first key point in the proposal, Coinbase asks Congress to “regulate digital assets under a separate framework.” The 7,000-word proposal itself argues that approaching regulation of cryptocurrencies more methodically is in the U.S.
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PYMNTS
OCTOBER 11, 2021
will begin regulating cryptocurrencies as unease about stablecoins and crypto in general grows in Washington, JPMorgan Chase & Co. No matter what anyone in the room thinks, nor what any libertarian thinks, nor what anyone thinks about it, the government’s going to regulate it.”.
Chris Skinner
APRIL 3, 2019
I was in conversation with a banker the other day and we got around to regulations and regulators, as many conversations with banks tend to do. I guess it falls into three categories: the way regulations used to be; the way … The post Time for a global regulator appeared first on Chris Skinner's blog. Digital Bank Future Grid Opinion Regulation
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Chris Skinner
JUNE 29, 2020
This means this is not the end … The post BaaS works, it’s the regulations that don’t appeared first on Chris Skinner's blog. Digital Bank Fintech Future Grid Opinion Regulation
PYMNTS
OCTOBER 13, 2021
President Xi Jinping has encouraged the action to improve the State Administration for Market Regulation (SAMR), which was once low-profile, according to the report. ANTITRUST Antitrust china international News regulations What's Hot
American Banker
SEPTEMBER 29, 2021
Regulation and compliance
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
SEPTEMBER 12, 2021
A China regulator has told tech giants Alibaba, Tencent and others to stop blocking one another’s website links on their respective platforms, Reuters reported. Regulation alibaba china international News regulations tencent What's Hot
PYMNTS
SEPTEMBER 28, 2021
In a push to even the playing field and stop monopolistic practices, Chinese regulators ordered Alibaba to adopt Tencent’s WeChat Pay on its platform, CNBC and other news outlets reported on Tuesday (Sept. See also: China's Regulator Orders Tech Companies to Open 'Walled Gardens'.
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? Obviously, you can only regulate it when … The post Regulating the unregulated appeared first on Chris Skinner's blog. Blockchain Crime Fintech Grid Opinion Regulation
|
PYMNTS
OCTOBER 10, 2021
Looming cryptocurrency regulations are getting the top down approach. Bloomberg reported at the end of the week that a range of possibilities tied to regulating cryptocurrencies is being mulled at the White House – with a focus on combatting ransomware and cybercrime.
Chris Skinner
SEPTEMBER 1, 2017
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. … The post Slow regulations versus fast tech appeared first on Chris Skinner's blog. Digital Bank Fintech Grid Innovation Regulation Technology Uncategorized
Payments Source
APRIL 12, 2021
Accounting regulations Wirecard Germany
PYMNTS
JULY 30, 2021
It was issued two weeks ago by the Luxembourg National Commission for Data Protection (CNDP), which says the retail giant failed to comply with the European Union’s General Data Protection Regulation. Amazon fines GDPR international News regulations What's Hot
PYMNTS
SEPTEMBER 13, 2021
cryptocurrency firms have failed to meet regulations aimed at curbing money laundering, according to the country’s Financial Conduct Authority (FCA). South Africa’s Financial Sector Conduct Authority (FSCA) is the latest on the list of regulators mounting pressure on the crypto firm.
PYMNTS
JUNE 7, 2021
Regulators are worried that investors could suffer steep losses if the stocks plunge, according to the report. Stock Index investigations Investments News regulations SEC Stocks What's HotMarket swings and the surging prices of meme stocks have caught the attention of the U.S.
PYMNTS
MAY 6, 2021
Securities and Exchange Commission (SEC) Chairman Gary Gensler said he thinks the cryptocurrency market, now worth $2 trillion, needs more regulation, CoinDesk reported. Cryptocurrency cryptocurrency Editors' Picks News regulations SEC Securities and Exchange Commission What's Hot
PYMNTS
AUGUST 30, 2021
China’s State Administration of Market Regulation (SAMR) said on Monday (Aug. Bikes and mobile phone chargers are among the most popular shared products in China, where a lack of regulations on bike-sharing has led to an oversupply of bikes and more than 40 companies squaring off.
PYMNTS
AUGUST 6, 2021
Shenzhen-headquartered Tencent is being slapped with a lawsuit over its WeChat subsidiary and regulations concerning minors, Reuters reported on Friday (Aug. Legal china international Lawsuits legal News regulations Social Media tencent wechat What's Hot
Chris Skinner
JANUARY 7, 2020
Here’s where the regulator will focus in 2020: The Financial Stability Board (FSB) published its work programme for 2020. Future Grid Payments RegulationI was going to write stuff about this but The Financial Stability Board did it for me.
PYMNTS
AUGUST 20, 2021
The new regulation set forth by China’s top legislative body is intended to further emphasize laws currently in place regarding how personal data is processed state-side and cross-border. Learn more: Another Chinese Regulator Cracks Competition Whip At Big Tech.
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. Changing the face of regulation for a fresher, more transparent take isn’t exactly easy–as the OCC is finding out–but we […]. Fintech has another cousin.
PYMNTS
MAY 25, 2021
The impetus for the tighter regulations was the Colonial Pipeline cyberattack that occurred earlier this month. The goal of the Biden administration is to put “effective, enforceable regulation, not create a check-the-box exercise.”.
Daily Fintech
JANUARY 20, 2021
The post Regulators eye big data impact on ratemaking appeared first on Daily Fintech. InsurTech #bigdata #predictivemodels #ratemaking #regulatorIn insurance, big data connotes unstructured and structured data that influences underwriting, rating, and pricing.
Accenture
JUNE 18, 2020
But they are also forcing central banks and regulators to rethink and restructure their approaches to becoming resilient, adopting new technologies, leveraging data and constructing an agile operating model, all while providing regulatory services.
PYMNTS
SEPTEMBER 13, 2020
Europe's biggest banks have called on the European Commission to implement tough regulations for cryptocurrencies, such as stablecoins, that would protect consumers and preserve state sovereignty in monetary policy, Reuters reported.
PYMNTS
SEPTEMBER 19, 2021
Chinese regulators are defending their crackdown on industries that have disrupted the market as they speak with Wall Street executives, saying the new rules aren’t supposed to crush tech companies. Read more: China's Regulator Orders Tech Companies to Open 'Walled Gardens'.
PYMNTS
SEPTEMBER 6, 2021
Binance is just one of several crypto exchanges that have been facing increased pushback from regulators around the world as digital currencies become more of a popular idea, and thus more open to scrutiny, the report stated.
PYMNTS
AUGUST 30, 2021
The Australian government is looking into the best way to overhaul its current infrastructure for financial regulation to enable stronger oversight of digital wallets and payments from Big Tech companies like Apple, Google, WeChat and others.
PYMNTS
AUGUST 9, 2021
1 for a bit, as regulators don’t seem to be looking into his bottled water empire. Regulation alibaba Big Tech china international jack ma News regulations Technology What's Hot
PYMNTS
AUGUST 30, 2021
Amazon has asked India’s market regulator, the Securities and Exchange Board of India (SEBI), to withdraw its conditional approval of competitor Future Group’s $3.4 Legal acquisitions Amazon Future Group india international legal News regulations Reliance Industries What's Hot
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.
PYMNTS
SEPTEMBER 21, 2021
The increasing links between financial institutions and Big Tech, particularly in cloud computing, is alarming — and regulators need to sit up, the European Banking Authority (EBA) warned on Tuesday (Sept. Bank Regulation Banks Big Tech EBA EU News regulations What's Hot
PYMNTS
JULY 13, 2021
If we’re talking about finding some kind of meaningful regulation and oversight of facial recognition, which is what I think the chair is alluding to, then I think we can find a lot of common ground here,” he said, according to Bloomberg.
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