Regulation & Compliance - Long Reads, News, Articles & Research: Finextra

Regulatory Change Management: solving the modern Rubik’s Cube

Richard Dupree CEO and Founder at Riskliance

Regulatory Change Management: solving the modern Rubik’s Cube

The very reclusive inventor of arguably the world’s most popular 3D puzzle, the Rubik’s Cube, just recently published his first book. The book is all about his iconic puzzle and comes almost 50 years after he introduced his invention to the world. The inventor’s, and now author’s, name is Ernő Rubik. Ernő has been obsessed with puzzles since he wa...

05 November 2020 /regulation

What should be taken into account if Artificial Intelligence is to be regulated?

Juan Murillo Arias Data Strategist at OdiseIA

What should be taken into account if Artificial Intelligence is to be regulated?

In this article, Juan Murillo, Senior Manager of Data Strategy at BBVA, and Jesús Lozano, Manager of Digital Regulation at BBVA, analyse the potential implications of Artificial Intelligence regulations and share their insights into the considerations that should be taken into account to ensure that regulatory aspects support the proper developmen...

26 October 2020 /regulation

Will there be a world where blockchain and GDPR peacefully co-exist?

Paige McNamee

Will there be a world where blockchain and GDPR peacefully co-exist?

As we know, GDPR is new regulation. New regulation faces teething issues. This is an unavoidable reality. While many have claimed that blockchain is a solution in need of a problem, Covid-19 has proved a powerful springboard for a surge in blockchain based platforms, designed with the intention of solving pandemic induced problems. This push for i...

19 October 2020 /regulation

How will Covid-19 re-write the demise of LIBOR?

Paige McNamee

How will Covid-19 re-write the demise of LIBOR?

It’s difficult to encapsulate in a succinct, let alone enchanting way, the leading role that LIBOR plays across the global economy. The economic protagonist of sorts touches on approximately $400 trillion of contracts and lending products across the world, and the arrival of Covid-19 has made the challenge of disentangling associations with the ra...

07 May 2020 /regulation

Why 'Dutch panic' surrounding PSD2 & GDPR interplay may be an overreaction

Paige McNamee

Why 'Dutch panic' surrounding PSD2 & GDPR interplay may be an overreaction

Earlier this year, Dutch data protection agency De Autoriteit Persoonsgegeven launched an investigation into whether fintech companies in the Netherlands are correctly collecting personal data under PSD2, and whether this approach conflicts with GDPR requirements. When asked why De Autoriteit Persoonsgegeven (AP) commenced this investigation, Quint...

20 April 2020 /regulation

Could Brexit open the gates to AI in the UK?

Paige McNamee

Could Brexit open the gates to AI in the UK?

The UK is outwardly pursuing an adequacy decision from Europe regarding its current data protection and privacy regulations. However, the idea of eschewing outright assimilation with relevant EU laws is gaining traction as it provides an opportunity to sculpt a more appealing privacy framework. As it stands, come 31 December 2020, the UK will have...

09 March 2020 /regulation

Trust in Open Banking: Negotiating data liability between banks and TPPs

Paige McNamee

Trust in Open Banking: Negotiating data liability between banks and TPPs

The breadth and complexity of Open Banking systems involve a web of players interconnected by the core need to access data. Used as the tool by which financial institutions and third parties deliver innovative financial products, the data required is highly personal by nature and brings with it a myriad of challenges on the part of institutions tr...

22 November 2019 /regulation

SCA - no more kicking the can down the road

Jamie Crawley

SCA - no more kicking the can down the road

With the EBA announcing a revised deadline for migration to Strong Customer Authentication (SCA) of December 31st 2020, how have industry players reacted and what now needs to happen make the transition a success? JPMorgan has welcomed the EBA’s announcement of the revised deadline for SCA, both for its clarity and its decision to propose harmonis...

18 October 2019 /regulation

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