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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
Chinese authorities ramped up their calls for increased regulations on cryptocurrencies on Friday (May 21), CNBC reported. is also ramping up its regulations on cryptocurrency. Cryptocurrency Bitcoin china cryptocurrency News regulations What's Hot MORE
The China Securities Regulatory Commission , China’s security regulator, attempted Wednesday (July 28) night to smooth over investment bank executives’ market fears about Beijing’s crackdown on private education, Bloomberg reported. MORE
Treasury Secretary Janet Yellen told regulators it is critical that the government establishes and adopts a framework for digital currency stablecoins, Reuters reported on Tuesday (July 20). Despite the lack of regulations around the globe, ??El 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
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
The group would then make recommendations aimed at improving regulation of cryptos. The European Union has introduced legislation that would seek to regulate cryptos across the 27-member bloc, with a focus on combating money laundering and terrorist financing. 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
With these types of regulations in place, Klarna and FinTechs like it could attract business from traditional credit cards. IPO international ipo Klarna News regulations stock market U.K. Will the Swedish buy now, pay later (BNPL) firm Klarna list itself on the London stock exchange? MORE
Following an online conference with investment bankers, China’s securities regulator decided that initial public offerings (IPOs) in the U.S. IPO china international Investments ipo News regulations stock market What's Hot MORE
Accounting regulations Wirecard Germany MORE
139 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
Chinese regulators, including the Cyberspace Administration of China, mandated that app stores in the country delete 25 apps relating to ride-hail platform Didi, including its financial services application and its carpool app, the Wall Street Journal reported on Friday (July 9). MORE
The California Consumer Privacy Act went into effect in January, and the European Union’s General Data Protection Regulation ( GDPR ) went into effect in 2018. Retailers of all sizes will be forced to prepare for new, stricter regulations. MORE
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. 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
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
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
Capital Servicing Liquidity State regulators 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
China is moving forward in its push to further regulate companies whose shares are listed on foreign stock exchanges. In addition, the Chinese regulator started probes of two other U.S.-listed One problem with the Chinese setup has been a lack of coordination between regulators. MORE
Yellen has convened top financial markets advisors and regulators to discuss the potential — both good and bad — of stablecoins, her office announced. Cryptocurrency cryptocurrency janet yellen News regulations secretary of the treasury What's HotTreasury Secretary Janet L. MORE
Seven billion people have access … The post How do governments regulate a networked world? Opinion Regulation Technology UncategorizedFollowing on from yesterday’s blog about Little Britain and a hard Brexit, we all know the world has been globalising and, even though there is currently a backlash against globalisation per se, it is unstoppable. It is unstoppable primarily because of technology. The whole planet is now on the network. MORE
should be wary of copying EU-style experimental regulation,” said Christian Borggreen , vice president and head of the Brussels office at the Computer and Communications Industry Association , which represents companies including Amazon , Facebook and Google , WSJ reported. “As MORE
EU Privacy Regulator Fines Amazon $887M. Another Chinese Regulator Cracks Competition Whip At Big Tech. Regulation Amazon Apple data protection Epic Games EU Facebook Fortnite GDPR Musk News regulation 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 RegulationAs part of the blockchain conference, I chaired a session with some central bankers talking about their views on distributed ledger technologies. These central banks have run trials and are thinking about it, but none of them are particularly big on blockchain right now. 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
Recently, regulators pointed to diversity and inclusion in the space as a serious problem that needs to be addressed — and they offered a few ideas on how to fix it. Banking banking FCA financial inclusion News regulations What's Hot 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
High tech continues to make inroads in financial services, and now regulators want more insight — and input — into how technologies such as artificial intelligence (AI) can and are being used by enterprises. 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
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
ANTITRUST Antitrust FTC News regulations What's HotThe U.S. Federal Trade Commission (FTC) voted to rescind a 2015 policy statement that hampered its ability to file antitrust lawsuits, effectively lowering the bar for such actions. MORE
Regulation Related Topics 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
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
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
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
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?
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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
Payments Source
APRIL 12, 2021
Accounting regulations Wirecard Germany
PYMNTS
JULY 29, 2021
Following an online conference with investment bankers, China’s securities regulator decided that initial public offerings (IPOs) in the U.S. IPO china international Investments ipo News regulations stock market What's Hot
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
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.
PYMNTS
JULY 18, 2021
Yellen has convened top financial markets advisors and regulators to discuss the potential — both good and bad — of stablecoins, her office announced. Cryptocurrency cryptocurrency janet yellen News regulations secretary of the treasury What's HotTreasury Secretary Janet L.
PYMNTS
JULY 20, 2021
Treasury Secretary Janet Yellen told regulators it is critical that the government establishes and adopts a framework for digital currency stablecoins, Reuters reported on Tuesday (July 20). Despite the lack of regulations around the globe, ??El
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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
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.
PYMNTS
MAY 19, 2021
With these types of regulations in place, Klarna and FinTechs like it could attract business from traditional credit cards. IPO international ipo Klarna News regulations stock market U.K. Will the Swedish buy now, pay later (BNPL) firm Klarna list itself on the London stock exchange?
PYMNTS
JULY 15, 2021
should be wary of copying EU-style experimental regulation,” said Christian Borggreen , vice president and head of the Brussels office at the Computer and Communications Industry Association , which represents companies including Amazon , Facebook and Google , WSJ reported. “As
PYMNTS
JULY 9, 2021
Chinese regulators, including the Cyberspace Administration of China, mandated that app stores in the country delete 25 apps relating to ride-hail platform Didi, including its financial services application and its carpool app, the Wall Street Journal reported on Friday (July 9).
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
MAY 21, 2021
Chinese authorities ramped up their calls for increased regulations on cryptocurrencies on Friday (May 21), CNBC reported. is also ramping up its regulations on cryptocurrency. Cryptocurrency Bitcoin china cryptocurrency News regulations What's Hot
PYMNTS
JULY 8, 2021
China is moving forward in its push to further regulate companies whose shares are listed on foreign stock exchanges. In addition, the Chinese regulator started probes of two other U.S.-listed One problem with the Chinese setup has been a lack of coordination between regulators.
PYMNTS
JULY 7, 2021
Recently, regulators pointed to diversity and inclusion in the space as a serious problem that needs to be addressed — and they offered a few ideas on how to fix it. Banking banking FCA financial inclusion News regulations What's Hot
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.
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
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
AUGUST 2, 2021
EU Privacy Regulator Fines Amazon $887M. Another Chinese Regulator Cracks Competition Whip At Big Tech. Regulation Amazon Apple data protection Epic Games EU Facebook Fortnite GDPR Musk News regulation
PYMNTS
MARCH 2, 2020
The California Consumer Privacy Act went into effect in January, and the European Union’s General Data Protection Regulation ( GDPR ) went into effect in 2018. Retailers of all sizes will be forced to prepare for new, stricter regulations.
PYMNTS
JULY 28, 2021
The China Securities Regulatory Commission , China’s security regulator, attempted Wednesday (July 28) night to smooth over investment bank executives’ market fears about Beijing’s crackdown on private education, Bloomberg reported.
American Banker
JULY 27, 2021
Capital Servicing Liquidity State regulators
Chris Skinner
OCTOBER 12, 2016
Seven billion people have access … The post How do governments regulate a networked world? Opinion Regulation Technology UncategorizedFollowing on from yesterday’s blog about Little Britain and a hard Brexit, we all know the world has been globalising and, even though there is currently a backlash against globalisation per se, it is unstoppable. It is unstoppable primarily because of technology. The whole planet is now on the network.
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.
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 10, 2021
The group would then make recommendations aimed at improving regulation of cryptos. The European Union has introduced legislation that would seek to regulate cryptos across the 27-member bloc, with a focus on combating money laundering and terrorist financing.
PYMNTS
JULY 2, 2021
ANTITRUST Antitrust FTC News regulations What's HotThe U.S. Federal Trade Commission (FTC) voted to rescind a 2015 policy statement that hampered its ability to file antitrust lawsuits, effectively lowering the bar for such actions.
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 RegulationAs part of the blockchain conference, I chaired a session with some central bankers talking about their views on distributed ledger technologies. These central banks have run trials and are thinking about it, but none of them are particularly big on blockchain right now.
PYMNTS
APRIL 1, 2021
High tech continues to make inroads in financial services, and now regulators want more insight — and input — into how technologies such as artificial intelligence (AI) can and are being used by enterprises.
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