The Financial Stability Institute (FSI) has published an Occasional Paper by Fernando Restoy on how regulation should encourage fair competition between traditional banks and new fintech and big tech players.
Could the next financial crisis come from the non-bank sector? The structure of finance is changing, and with vast and increasing amounts of financial intermediation being done by entities other than banks, often less tightly regulated, this is an important area for monitoring, and disclosure efforts as well as potential regulation. The Financial Stability Board […]
Amid the chaos that Covid-19 has wrought on the financial sector, it has also created an urgency to prioritise and deploy regulatory innovation and fintech initiatives.
A recent paper by Mike Power, professor of accounting at London School of Economics (LSE), argues that the UK needs to address fundamental weaknesses within its financial reporting system.
The UK’s Financial Conduct Authority (FCA) is set to replace the old Gabriel reporting system with RegData, a new, more efficient data collection platform central to its data strategy.
Fintech promises to revolutionise the financial sector, with efficiency, choice, and financial inclusion on the horizon. However, disruptive growth in finance needs to be supervised and regulated so risks are properly managed. That’s where regulatory sandboxes come in – they allow start-ups to trial innovations under the watchful eye of authorities.
The Indonesian Financial Services Authority (OJK) has published new regulations on Risk Management for Non-Bank Financial Institutions.
In May 2019 the European Banking Authority (EBA) adopted new rules regarding the Minimum Requirement for own funds and Eligible Liabilities (MREL) and the Total Loss Absorbing Capacity (TLAC).
Regulatory Technology, or RegTech, could help transform today’s regulatory landscape, drawing on similar advances as FinTech to improve the efficiency, utility and cost of supervision.