4230 Results from /regulation
Christopher Colley Industry-recognized CX leader at Financial Services
As financial institutions worldwide battle the headwinds of tighter monetary policy and slowing economic growth, they are having to do so in an environment of increased regulatory scrutiny. Last month, the European Supervisory Authorities (ESAs) laid out their requirements for the disclosure of financial products' exposure to fossil gas and nucle...
22 November 2022 /regulation /retail Financial Services Regulation
Nathan Shinn Founder and Chief Strategy Officer at BillingPlatform
New regulations, and complying with them, are always a challenge for businesses when they come into place, particularly when they focus on financial processes. There are many regulations that have been high on the agenda for financial teams over the last few years. Arguably the biggest of these is IFRS 15, introduced by the International Account...
22 November 2022 /regulation Regulatory Reporting
Nir Laznik Co-Founder & CEO at Sedric.ai
Consumer debt rose to a new high of $15.6 trillion in the last quarter of 2021 from $14.3 trillion in the first quarter of 2021. With inflation reaching the highest level in four decades and millions of Americans living paycheck to paycheck, consumers are expected to crank up their credit usage even further to make ends meet. Rising househol
22 November 2022 /regulation /startups Marketing in Financial Services
Mykyta Grechyna
On 11 November 2022, the FTX group of companies, including quantitative trading firm Alameda Research, co-founded in September 2017 by Sam Bankman-Fried, and approximately 130 additional affiliated companies initiated voluntary proceedings under Chapter 11 of the United States Bankruptcy Code in the District of Delaware, United States. The FTX has...
22 November 2022 /regulation /crypto Bitcoin payments
Nick Green Director at Purple Patch Broking Ltd
According to the Bank of England, consumer credit is at its highest rate since March 2019. With the cost of living crisis and now the run-up to Christmas, we're expecting to see more consumers look to credit. But in particular, alternative finance and fintech BNPL providers. In this blog, we’ll look at how we expect consumers to weigh-up credit op...
22 November 2022 /regulation /retail BNPL
Eugenie Casier Director of GRC at Clausematch
Crypto had been having a tumultuous season. Still, to see household name FTX fall, came as a surprise to many. The much-discussed cryptocurrency platform was launched in 2019. By 2021, they reported revenues of $1.02 billion, a figure evidence of their exponential growth from $85 million the previous year. That soaring increase meant an exchanged ...
22 November 2022 /regulation /crypto Cryptocurrency Insights
Retired Member
Open Banking's global promise of data democratisation is in danger of faltering in Australia if policy-makers fail to address the needs of businesses. However if Open Banking bombs, the implications will be a lot further stretching. The rise of Open Banking has opened up new opportunities for consumers and businesses alike. In the UK, it has spaw...
18 November 2022 /security /regulation Open Banking
The European Commission’s draft EU law to regulate instant payment (IP) services has arrived. It’s a development we’ve all been expecting, yet earlier than planned. The intervention and early publication stresses to the industry just how important the Commission views the need for ubiquity in payments pan-EU. Despite its many attempts to nudge and...
17 November 2022 /payments /regulation Payments strategies 2015-2020-2030
Since the creation of the Mesopotamian shekel, the first known currency minted 5,000 years ago, some medium for exchanging goods and services has existed. People like money so much that our world revolves around its creation and exchange. In 2008, a new currency entered the financial lexicon. This innovation in monetary exchange was based on a pap...
16 November 2022 /regulation /crypto
Over the past few years, the financial services sector has undergone a complex regulatory evolution. Even past the usual flow of regulation change and shifting reporting standards, there are two key trends driving this change, and which put firms at risk of falling behind if not grappled with effectively. The first trend is the ever-growing inves...
15 November 2022 /regulation /sustainable Financial Services Regulation
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