Industry heavyweights establish Alliance to modernise financial regulation
Co-founded by Jo Ann Barefoot, former deputy comptroller of the currency and David Ehrich of fintech credit card startup, Petal, The Alliance for Innovative Regulation (AIR) has been launched to help regulatory agencies deal with the technological challenges posed by fintech innovation.
FS-ISAC and Europol forge cybercrime partnership
The Financial Services Information Sharing and Analysis Center (FS-ISAC), a US industry consortium, has forged a partnership with Europol’s European Cybercrime Centre (EC3) to combat cybercrime within the European financial services sector.
Aussie regulator turns to tech in new strategy
Australia's capital markets regulator has vowed to expand its use of new technology and behavioural data as part of a strategic plan to strengthen its enforcement.
UK regulator offers 18-month delay for Strong Customer Authentication rules
The UK's Financial Conduct Authority (FCA) has confirmed an 18-month delay to the introduction of Secure Customer Authentication (SCA) rules for e-commerce transactions.
US lawmakers intensify questioning over Capital One data breach
US lawmakers are stepping up their probe into the Capital One data breach, firing questions to Amazon CEO Jeff Bezos about the role of AWS cloud controls in the incident.
Capital One data breach inquiry launched by Republicans
The US House of Representatives Committee on Oversight and Reform has requested a briefing with Capital One over the data breach that left 106 million credit card holders and applicants in the US and Canada at risk of their personal information being stolen.
Marriott International facing £99 million fine under GDPR rules
Hotel chain Marriott International is facing a £99 million fine under GDPR rules for a massive data breach which exposed the personal data of approximately 339 million guests over a four-year period.
Regulatory policy must evolve to deal with Big Techs in finance - BIS
The vast customer data troves of the Big Tech firms challenges traditional approaches to competition policy and the maintenance of financial stability, according to the Bank for International Settlements.
