Regulation

News Item

EBARegulationSCA

EBA Extends EU-Wide Deadline for New Payment Security Rules

The European Banking Authority (EBA) have pushed back the deadline for the migration to Strong Customer Authentication (SCA) standards across Europe until 31 December 2020, giving national authorities a 15-month extension to implement the new rules. EBA have acknowledged a lack of clarity around the complex requirements and the importance of a harmonised approach across […]

News Item

BankingGLEIFLEIRegulation

Adopting the LEI Could Save Banks Billions

By Editor

Interesting news from the Global Legal Entity Identifier Foundation (GLEIF) this week as research shows that wider use of the Legal Entity Identifier (LEI) by banks could unlock an estimated US $2-4 billion across the global banking sector annually. While the LEI has been proving beneficial for identification in regulatory environments for some time now, […]

News Item

IndiaRegulationReporting

India Strengthens Banking Regulation

By Editor

The Reserve Bank of India (RBI) have released their annual report, detailing several supervisory measures that are underway to strengthen India’s banking system. The aim is to improve India’s credit risk and financial performance, and to increase the flow of credit to productive sectors of the economy. Included in these measures are draft guidelines on […]

News Item

EUfintechRegulation

Fintech Regulation Across the EU Mismatched

By Editor

The European Banking Authority (EBA) have published a report analysing how the regulatory framework is applicable to fintech firms, illustrating the changing regulatory status of fintech firms and the different approaches of authorities across Europe. The report has noted two particular developments in the regulatory status of fintech firms. Firstly, many firms are shifting from […]

News Item

FinancefintechregtechRegulation

Can Regtech Solve the Fintech Problem?

By Editor

As we’ve reported here before, the financial system is currently undergoing a technological revolution that regulators must respond to. Cryptocurrencies, new payment systems (tap to pay is becoming the norm) and digital banking all need new forms of oversight. At the same time, banking supervision is a highly complex system, with regulatory submissions reaching record […]

News Item

Big TechFinanceRegulation

Regulation Must Evolve to deal with Big Techs in Finance

By Editor

With Facebook’s recently announced intentions to step into the world of finance with the launch of Libra, a cryptocurrency, BIS have published a timely report into the need for regulatory policy to deal with big tech in finance. The entry of big tech into finance does hold the potential for enhanced efficiency and financial inclusion, […]

News Item

BankingRegulationSRBXBRL

SRB Set to Shift to Full XBRL Reporting Next Year

By Editor

Andreas Weller of the Single Resolution Board (SRB) made a presentation at Eurofiling last week about their upcoming shift to full XBRL reporting. The SRB are the authority charged with forming the single resolution mechanism (SRM) – a framework for the orderly closing (resolution) of failing banks within the EU, and a solution to the ‘too […]

News Item

fintechIMFInnovationRegulation

IMF Warn of Financial Innovation Risks

By Editor

The International Monetary Fund (IMF) have added their voice to those highlighting the unique challenge big tech and fintech pose to financial stability at the opening of the G20 Seminar on “Our Future in the Digital Age” in Japan last week. Christine Lagarde, head of the IMF, voiced concerns that, if not managed with balance, […]

News Item

fintechIMFInnovationRegulation

IMF Call for Balance for Fintech Regulation

By Editor

How best to balance the opportunities and threats presented by fast-growing Fintech? The IMF’s First Deputy Managing Director, David Lipton, called for a multilateral, international approach at the 2nd IMF Fintech Roundtable this week. Fintech has seen world-wide changes, with reduced costs and transaction times and boosts to growth and living standards – however, it […]

News Item

Digital InnovationfintechRegulation

Evolution or Revolution? ECB Looks to our Tech Future

By Editor

Yves Mersch, Member of the Executive Board of the European Central Bank (ECB), recently made a speech on the upheaval fintech is causing to the lending and payments system. Financial technology uptake has been accelerating fast, with new technologies giving entrants better and cheaper ways to compete for core banking business. Regulation like the Payments […]

Items tagged with "Regulation"

EBA Extends EU-Wide Deadline for New Payment Security Rules

Adopting the LEI Could Save Banks Billions

India Strengthens Banking Regulation

Fintech Regulation Across the EU Mismatched

Can Regtech Solve the Fintech Problem?

Regulation Must Evolve to deal with Big Techs in Finance

SRB Set to Shift to Full XBRL Reporting Next Year

IMF Warn of Financial Innovation Risks

IMF Call for Balance for Fintech Regulation

Evolution or Revolution? ECB Looks to our Tech Future

Tags

Regulation

Items tagged with "Regulation"

Tags

Would you liketo learn more?

Would you like
to learn more?