Login

Items tagged with "Big Tech"

BIS on regulating bigtechs

What new challenges emerge from bigtech participation in financial services, and how should policy makers and regulators tackle them? Those are the questions considered in a new brief from the Bank for International Settlements (BIS) Financial Stability institute (FSI), ‘Big techs in finance: regulatory approaches and policy options.’

Read more


News Item

FSB Assess Financial Threat of BigTech

This week also sees the Financial Stability Board (FSB) chiming in on the growing number of reports and speeches examining the financial stability implications of BigTech and the digitisation of finance with two reports. Firstly, the FSB looks at the range of issues raised by the entry of BigTech firms into finance in BigTech in finance: […]

Read more


Data Amplified 2019: China, the First Country to Kill Cash?

Keynote speaker Mr Jerry Zhou, Chairman and CEO of Huifu Payment, gave the audience of Data Amplified an insight into China’s booming payments industry. China’s payment industry is renowned – with most people in China using mobile payment based on QR codes for daily payments. Zhou even argued that you could say ‘China is the […]

Read more


Regulation Must Evolve to deal with Big Techs in Finance

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, […]

Read more


News Item

How Will Big Tech Impact Regulation?

A speech given last week by Denis Beau, First Deputy Governor of the Bank of France, examines the risks and challenges to regulation posed by the explosion of Big Tech and Fintech firms. In the past decade there has been a structural shift stemming from the digitisation of finance, utilising cutting-edge technologies like big data, […]

Read more


News Item

Big Tech and Finance Pose Regulatory Challenges

In recent years big tech firms have grown increasingly active in the financial industry. Starting out with payments, then expanding into credit,  now insurance and wealth management. Augustin Carstens, general manager at the Bank for international Settlements (BIS) spelt out some concerns in a speech at the FT Banking Summit in December, asking “Is the expansion […]

Read more




Newsletter
Newsletter

Would you like
to learn more?

Join our Newsletter mailing list to
stay plugged in to the latest
information about XBRL around the world.

By clicking submit you agree to the XBRL International privacy policy which can be found at xbrl.org/privacy