Latest articles from Dan Barnes

James Phillips

Machine-readable rules could offer jurisdictions a competitive edge

Machine-readable rules hold the promise of better compliance and reduced compliance costs for financial firms. Some policy-makers are likely to view them as a competitive advantage in attracting firms to operate in their jurisdiction

Nairobi

African regulators ponder changes to support fintech

Supporting the unbanked will require a careful nurturing of new ideas if Africa is to develop more champions like M-Pesa, and that also means altering regulatory structures to support innovation. By Dan Barnes.

GET-EU flag

EU building groundwork for fintech harmony

The EU is being torn by Brexit, harmonisation and equivalence, making the fintech framework a very necessary, if small step forward. By Dan Barnes

Peteris Zilgalvis

EU desire for harmonisation risks stifling fintech development

Europe’s need for regulatory harmony may stand at odds with a need to adopt technology ahead of setting standards. By Dan Barnes.

Riksbankshuset © Riksbank

Central banks study issuing their own cryptocurrencies

Central banks are taking sure and steady steps towards developing electronic fiat currencies that may one day compete with commercial bank money.

Equifax web

Cyber-breach sharing impeded by politics and penalties

National authorities struggle with politics and criminal proxies when balancing disclosure and sharing of cyber-attack information. Dan Barnes reports.

Mike Lynch

The Basel committee ponders bank readiness for fintech

The Basel Committee on Banking Supervision has questioned how ready banks and regulators are to handle the risks posed by fintech 

Mark Carney

FSB striving to stay ahead of the curve on fintech risks

Though fintech is still considered too small to be a systemic risk, the Financial Stability Board clearly does not want to be caught out when it does become one and so released a report highlighting some potential risks

David Lukeman web

Regtech firm failure forces banks to scrutinise providers more carefully

When a service provider fails to fulfil its compliance obligations to a financial firm, the failure lands at their client’s feet. So how can trust be established between small regtech firms and their users? By Dan Barnes.

Cashless society

A cashless society is no regulatory panacea

The push to create a cashless society has its supporters, but from a regulatory perspective it opens new challenges and does not necessarily address existing ones such as money laundering. By Dan Barnes.