Conflict with banks has made them shift their focus
Tag: regulators
As regulators circle, China’s fintech giants put the emphasis on tech
Kitty cash FOR those still trying to work out what exactly “fintech” involves, we are sorry to bring you this update from China, a world leader in mixing finance with technology. Fintech is passé; the hot new thing is “techfin”. This ungainly portmanteau was coined by Jack Ma, the chairman of Alibaba, an e-commerce giant, […]
At $1 Trillion, Amazon Should Fear Regulators More Than Rivals
Amazon accounts for a smaller share of retail sales than you might think, so it has plenty of room to grow—unless governments rise up. https://media.wired.com/photos/5b8f1425828b792d4e4b50c3/master/pass/Amazon-Money-684122564.jpg
UK Regulators May Fine Facebook Over Cambridge Analytica
Of course, $ 664,000—the maximum penalty under UK law—isn’t much of a punishment for a company like Facebook, which is valued at more than $ 584 billion. https://media.wired.com/photos/5b450a561027fe1d7ddd1a50/master/pass/h_54211579.jpg
Uber Tells London’s Regulators “We’ve Changed”
The ride-sharing company needs the world to believe that it has reformed if it’s going to get its self-driving cars on the road. https://media.wired.com/photos/5b31292c9f31fd2f2a2325a0/master/pass/LondonUber-Transpo-906657630.jpg
Regulators want drones to have visible ‘license plates’
When you register a drone with the FAA, you’ll get a government-issued ID number you can put as a note inside the battery compartment or any other internal part of the machine. In the future, though, you may have to make sure that number is perfectly visible — sort of a like small license plate […]
UK Regulators Demand Cambridge Analytica Hand Over User Data
David Carroll, a professor at Parsons School of Design, might finally get to see everything Cambridge Analytica knows about him. https://media.wired.com/photos/5aecd38379773b59d777fe93/master/pass/CambridgeAnalyticaICO_18082803456967.jpg
A top regulator’s close ties to Wall Street damage one of its most crucial functions 10 years after the crisis
Every single president in the history of the Federal Reserve Bank of New York has been white, male and a banker. A new report from the Fed Up coalition, an activist group calling for more inclusive economic policies, says the key regional Fed banks’ conflicts lead to subpar regulation of Wall Street. As William Dudley, […]
Financial regulators too often think “this time is different”
FOR a phenomenon with such predictably bad outcomes, a financial boom is strangely seductive. Not a decade after the most serious financial crisis since the Depression, the world watches soaring markets with a mixture of serenity and glee. Natural impulses make finance a neck-snappingly volatile affair. Governments, though, deserve heaps of blame for policies that […]
A Goldman Sachs trader just named CEO of a crypto firm’s Japanese outpost explains why he’s not scared of regulators
REUTERS/Issei Kato Market maker B2C2 announced its new CEO for a Japanese outpost. Phillip Gillespie, formerly of Goldman Sachs, will start at the end of the month. He told Business Insider he sees a big opportunity in the market and isn’t too concerned about regulators. B2C2, a top crypto trading firm, is leaning into the […]
