EDPB casts doubt over GDPR adequacy decision for the UK
In a letter to the European Parliament dated 15 June 2020, Andrea Jelinek, chair, European Data Protection Board (EDPB) raises concerns over the UK’s endeavour to reach an ‘adequacy decision’ with the EU following the end of the Brexit transition period.
Financial regulators need to get to grips with Big Tech - BBVA
Defining a suitable regulatory response to the appearance of Big Tech in the financial sector is "one of the greatest public policy challenges facing regulatory bodies", says BBVA in a report which calls on financial watchdogs to address the imbalance on data access between banks and firms such as Google, Amazon and Facebook.
CCAF, World Bank and the World Economic Forum investigate Covid-19's impact on global fintech
The Cambridge Centre for Alternative Finance (CCAF) at the University of Cambridge Judge Business School is partnering with the World Bank Group and the World Economic Forum to launch a Global Covid-19 FinTech Market Rapid Assessment Survey. The empirical data collected will be used to understand Covid-19’s impact on the FinTech markets, how the global FinTech industry has responded and some of the immediate regulatory and policy implications.
US regulator signals change to digital banking rules
A US federal banking regulator has called for public feedback on the use of cryptocurrencies ahead of what could be a change in the rules on digital banking.
G20 TechSprint Initiative invites firm to tackle regulatory challenges
The Saudi G20 Presidency and the Bank for International Settlements (BIS) Innovation Hub are launching a virtual hackathon-style competition to find new technological ways to tackle financial regulatory compliance and supervision challenges.
MAS rolls out $125 million Covid-19 support package for banks and fintechs
The Monetary Authority of Singapore has put together a S$125 million Covid-19 support package to help fintech firms and financial institutions ride out the current slump in economic activity.
FCA director speech on regulation of cryptoassets
Speech by Therese Chambers, Director of Retail and Regulatory Investigations at the FCA, delivered at The Advancement of Digital Assets and Addressing Financial Crime Risk, New York.
DTCC calls for industry-wide push to handle DLT security risks
The US Depository Trust and Clearing Corporation is floating the idea of forming an industry consortium to develop a coordinated strategy for addressing security risks in the implementation of distributed ledger technology in financial services.
