The Consumer Financial Protection Bureau today announced a new partnership with 11 financial regulators and related organizations around the globe aimed at creating a Global Financial Innovation Network. The network is intended to facilitate interactions between regulators and innovators as they seek scale and ubiquity for new technologies. A joint document published by the agencies
Browsing: International regulatory coordination
The U.S. financial system, including community banks, benefits from its regulators’ participation in the Financial Stability Board, Federal Reserve Vice Chairman for Supervision Randal Quarles told the Utah Bankers Association today.
In remarks at a Harvard Law School event today, Federal Reserve Vice Chairman for Supervision Randal Quarles signaled that the Fed and the FDIC will revisit the capital and liquidity requirements in place for the largest U.S. and foreign firms and will seek public input on current “living will” guidance.
Breaking down the wide-reaching implications of Europe’s new data privacy regulation.
The Basel Committee on Banking Supervision yesterday published a list of “sound practices” for how banks and bank regulators might handle fintech-driven changes in the banking industry.
A group of six Republican senators led by Sen. Tom Cotton (R-Ark.) wrote to President Trump yesterday calling on him to address the role of the Basel, Switzerland-based Financial Stability Board with respect to U.S. regulatory framework.
The Basel Committee on Banking Supervision today unveiled the latest round of its regulatory capital framework, commonly dubbed “Basel IV.”
The Engage China coalition — a group of 12 financial trade groups that includes the American Bankers Association and its international finance subsidiary, BAFT — has welcomed the commitment made by Chinese leadership as part of President Trump’s state visit to Asia to open up its financial markets to greater foreign participation.
As bank regulators consider internationally coordinated activity to address challenges posed by fintech, ABA said yesterday that a global regulatory framework is not well-suited to oversee fintech beyond the areas where robust coordination already exists, such as cybersecurity, payments and illicit finance.
The Basel Committee on Banking Supervision today published a consultative document highlighting the implications of fintech for the financial industry.