And so, it’s finally here. If a monolith must move, can it dance? The monolith is the U.K.’s banking system. The “finally here” is the debut of Open Banking as part of PSD2, which of course extends across the 28-member EU. The dance? The nimbleness with...
Across the regulatory landscape, it is not just where you’ve been, where the rules are in place, but where the rules are headed. As one year is in the rearview mirror and 2018 dawns, of course, major changes are afoot – and perhaps that is...
And the (legal) beat went on. The drama surrounding the Consumer Financial Protection Bureau (CFPB) continues – and did anybody think it would be otherwise? The latest news is still centered on succession, namely that current acting director Leandra English is set on challenging Mick...
The summer torpor is about to dispel, and financial regulatory activity is about to heat up in Congress and beyond. As has been noted in the financial and trade press, the Financial Choice Act, which was passed last month by the U.S. House of Representatives,...
Not all financial services regulation is occurring across the pond, though Brexit and other countries grabbed their share of headlines this past week for our Regulatory Tracker. In the United States, President Trump’s nominee for the Fed’s supervision efforts said it is time to mull...
PSD2 and fund flows across the EU, and in China, tightening bank lending top the list for our inaugural regulatory tracker. To paraphrase an old tune, the payments, they are a’changin. And we aim to keep on top of how and where.
In an effort to prevent future data breaches on the scale seen over the last few years, cyber-security experts, along with card issuers like MasterCard and American Express, have gone to Washington in the hopes of drumming up support for legislation to make sharing information...
Benjamin Lawsky, the New York State Department of Financial Services chief, has decided he needs to shake things up a little if he wants financial executives to take cyber attacks seriously. “I worry that we’re going to have some sort of major cyber event in...
The European Union is making preparations to contain the effects of panic should Greece exit from the Euro. Among the measures they are considering: imposing a limit on the amount of money that can be withdrawn from cashpoints or ATMS, imposing border checks, and introducing...
