Regulations and fintech are competing to determine trading’s new frontiers.
Regulatory hurdles in Ant Financial and MoneyGram deal may affect fintech development.
Mooted revival of 1933 legislation is hopelessly hoping for a return to the way we were.
Board says consultation will result in fine tuning rather than a rollback of post-crisis reform.
New powers enable members to share and obtain audit work, internet records and phone records.
Committee says it will take 5-6 years for D-SIBs to implement data aggregation, reporting principles.
But Mark Carney suggests body will investigate ‘unintended consequences’ of regulation.
Framework due to be published before July’s G20 Summit.
Guidance suggests identifiers could be compatible with other types of transaction.
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