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Time for a global regulator
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. Digital Bank Future Grid Opinion Regulation
Regulation Related Topics 
Regulators Investigate China’s Ex-Securities Regulator
PYMNTS
MAY 19, 2019
Liu Shiyu, the former head of China’s securities regulator, is being investigated for violating anti-corruption laws. Security & Fraud china Corruption imports investigation Liu Shiyu News P2P Regulator securities Securities Regulator security & fraud trade tariffs What's Hot
Regulating the unregulated
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?
Slow regulations versus fast tech
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.
Ireland Crypto Regulation Looms
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.
Regulators Say US Bank Cybersecurity Oversight Needs Streamlining
PYMNTS
JUNE 17, 2019
regulators are saying cyberattacks pose the greatest risk to U.S. banks in upcoming years, but the regulation and testing processes are convoluted and complicated for institutions in both spaces to assess, according to a report by the Financial Times.
Regulating the cryptocurrency markets
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?
Can Regulating Wearables Protect Data Privacy?
PYMNTS
APRIL 16, 2019
Another recently introduced piece of legislation aims to protect individuals by regulating facial-recognition cameras. In the feature story, Le discussed how device manufacturers can help foster that trust, and the need for regulation to secure healthcare data and connected devices.
Zuckerberg Advocates Internet Regulation
PYMNTS
MARCH 31, 2019
Facebook CEO Mark Zuckerberg wrote an opinion piece in The Washington Post calling on regulators to take a “more active role” in making rules for how to police the internet, according to reports. “By Facebook content internet Legislation News Opinion Piece Policing Regulators rules Washington Post What's Hot zuckerberg
Google CEO Pushes Back Against Regulation Talk
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.
With New AML Laws, Latvia Looks To Remove Main Regulator
PYMNTS
JUNE 13, 2019
Latvia’s parliament has passed new regulation to bolster the fight against money laundering and terrorism financing. Regulation AML Latvia money laundering News regulation What's Hot
The Case For Federal IoT Regulations
PYMNTS
JUNE 14, 2019
Smart technology is unlocking supply chain efficiencies, providing emergency alerts and much more. But despite intelligence of things (IoT) solutions being put to use in many cases, the field continues to be hampered by security issues.
5 Startups Rebooting Regulation
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.
Facebook COO Calls For Some Regulation, No Antitrust Action
PYMNTS
JUNE 19, 2019
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. “We Regulation Facebook News regulation social media What's Hot
NYDFS 500: Why the Regulation?
Perficient Financial Servies
JUNE 18, 2019
Now, I want to address the reasons for the regulation and the requirements. This regulation is in place to promote the protection of nonpublic information (NPI) as well as the information technology systems of regulated entities. Requirements of the NYDFS 500 Regulation.
Facebook’s Digital Token Being Discussed With Regulator
PYMNTS
JUNE 3, 2019
derivatives regulator. The commission is trying to understand if Facebook’s potential cryptocurrency would be under the oversight of the regulator. Facebook has been reaching out to regulators and central banks to get guidance on a digital token. “We’re
Fundamentals Trump Regulation For Facebook Shares?
PYMNTS
JUNE 12, 2019
The specter of increased regulation looms for the largest of tech companies. Regulation Antitrust breakups Editors' Picks Facebook FTC Google investigation News regulations Shares stocks
The regulator’s view of bitcoin, 2017
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
Congress Supports Facial Recognition Regulation
PYMNTS
MAY 22, 2019
Members of Congress supported a plan to draft legislation aimed at the use of facial recognition software by law enforcement on Wednesday (May 22), according to reports. The House Committee on Oversight and Reform called for action on the plan, which gathered support from both sides of the aisle.
Growing Ratings Data Overwhelms Regulators
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
Alibaba’s Ma Worries EU Regulations Will Stifle Tech Innovation
PYMNTS
MAY 16, 2019
Jack Ma, the Chinese billionaire and founder of Alibaba, expressed concerns technology companies will be harmed by increased regulation coming out of Europe. Take the General Data Protection Regulation , which passed in June and goes into effect in 2020.
EU Antitrust Regulators Fine Banks For Manipulating FX Market
PYMNTS
MAY 9, 2019
European Union antitrust regulators are going to fine seven banks for manipulating the foreign exchange market, according to reports. regulators. Credit Suisse was charged by EU regulators last year with the same charge, Reuters reported.
People’s Bank Of China To Regulate FinTech
PYMNTS
MARCH 17, 2019
The People’s Bank of China (PBOC) announced that it is planning to steadily develop a system of rules to regulate financial technology (FinTech) in the country. I would predict in 2019, the government will regulate more.
US Considers AI Regulation For Foreign Countries
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.
The Semantic Regulator (#RegTech Rules)
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.
Google Fined $57M By French Regulator In Largest GDPR Action
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.
Lawyer shares tips on handling gray areas of blockchain regulation
Mobile Payments Today
JUNE 4, 2019
Even with FinCEN's new guidelines on cryptocurrency, there are still many gray areas. Robert A. Misiala Jr., counsel at BakerHostetler provides some clarity in a Q&A
ICC Says Regulation Limits Trade Finance
PYMNTS
MAY 29, 2019
Reports in Reuters on Tuesday (May 28) said UBS expects its regulatory costs to remain high in the years ahead after a decade of more stringent regulations leading to heavier, more costly burdens on banks.
FinTechs Press States To Streamline Regulations
PYMNTS
FEBRUARY 25, 2019
As regulators overseeing non-banks, our goals are clear: Ensure the safety and soundness of the financial system, protect consumers and streamline the multistate experience,” said Mark Quandahl, chairman of the CSBS Emerging Payments & Innovation Task Force, in a statement.
Crypto Regulations Move Into The Spotlight
PYMNTS
APRIL 1, 2019
In one example, as noted by CoinDesk, Pakistan is mandating regulations for the crypto space. There has not been any significant progress in the Supreme Court case which makes it difficult to predict when we will see the regulation.” Regulation coindelta cryptocurrency Editors' Picks News PayDay lending QuadrigaCX regulation wells fargoYou’d be forgiven for thinking the regulatory ripple effect was all about Wells Fargo.
Australia To Invest $390M In Financial Regulation
PYMNTS
MARCH 24, 2019
Australia is including an additional $390 million in its new budget to boost its financial regulation sector, according to Reuters. B2B Payments Australia B2B budget financial regulation funding News Royal Commission What's Hot What's Hot In B2B
UK Regulator Tackles Authorized Push Payment Fraud
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
Bank regulations change every 12 minutes
Chris Skinner
JANUARY 30, 2017
In fact, what gets me is that regulations are the big ticket barrier to change in banking. It’s what protects the banks from disruption and change, as … The post Bank regulations change every 12 minutes appeared first on Chris Skinner's blog. Grid Regulation UncategorizedI recently spent a day in a meeting discussing Governance, Risk and Compliance (GRC) … yawn. Well, it is a bit of a dull area, but highly important.
Norwegian Regulators Say AML Measures Fell Short
PYMNTS
MARCH 22, 2019
Bank Regulation AML Banks DNB EU FSA money laundering News Nordic banks Norway regulations What's HotThe Financial Supervisory Authority (FSA) in Norway said that several banks didn’t make sufficient anti-money laundering assessments in 2018, according to a report by Reuters.
Big Tech Increasingly In Regulators’ Spotlight — And Crosshairs
PYMNTS
MARCH 18, 2019
It’s been a whirlwind few weeks — OK, make that months — for big tech firms as regulators look ever more closely at business tactics. Regulation Amazon Big Tech European Union Facebook Google News regulation
Tim Cook: Tech Regulations Are ‘Inevitable’
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.
CFTC Ups Crypto Regulation In 2018
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.
China’s Baoshang Bank Is Taken Over By Regulators Over Credit Issues
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. Bank Regulation bank regulation banking Baoshang Bank CBIRC china economy News PBOC What's Hot
Japan and Swiss Regulators Sign Fintech Pact
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.
Amid AML Efforts, Regulators Focus On FinTech
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
Tech firms will be regulated like banks in future
Chris Skinner
MAY 9, 2018
A lot of it was focused upon Artificial Intelligence and Machine Learning towards the end, but the first half was interesting as it focused upon why there is a backlash against Silicon … The post Tech firms will be regulated like banks in future appeared first on Chris Skinner's blog. Case Studies Digital Bank Future Grid Opinion Regulation TechnologyI just listened to a presentation by Nick Thompson, editor-in-chief at Wired, about all things in the future of tech.
Russia to Regulate Cryptocurrencies in 2017
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
US Reps Call For Crypto Regulation Research
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.
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