The European Data Protection Supervisor (EDPS) Ethics Advisory Group (EAG) has carried out its work against the backdrop of two significant social-political moments: a growing interest in ethical issues, both in the public and in the private spheres and the im-minent entry into force of the General Data Protection Regulation (GDPR) in May 2018. For some, this may nourish a perception that the work of the EAG represents a challenge to data protection professionals, particularly to lawyers in the field, as well as to companies struggling to adapt their processes and routines to the requirements of the GDPR.

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The experience of the global financial crisis, the post-crisis market environment and changes to regulatory frameworks have had a marked impact on the banking sector globally. The Committee on the Global Financial System (CGFS) Working Group examined trends in bank business models, performance and market structure over the past decade, and assessed their implications for the stability and efficiency of banking markets.

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African economies tend to be less integrated into the world economy than those in other emerging regions. But this does not mean that they are immune to shocks from outside the continent. In recent years, global developments such as the rise in global risk aversion during the Great Financial Crisis (GFC), the search for yield in its aftermath, and the slump in commodity prices had significant repercussions on economies in Africa. At the same time, economic activity in Africa can also affect other countries, not least through migration flows.
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There is a new technology making waves in the financial markets. And while the name – distributed ledger technology, or DLT – might sound technical, some say it has the potential to completely change the way the financial markets and banking work. So what exactly is it and why is it important to central banks like the ECB?
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A cyber readiness assessment provides effective preparation for companies wanting to avoid the high cost of technology solutions, according to James Weare of Duff & Phelps. Organisations are less than five months away from being subject to the new General Data Protection Regulation (GDPR), making it critical that firms have begun to plan for the reporting and systemic changes required to comply.
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TRG a provider of subscription spend management software solutions, recently announced it has acquired Screen Group (“Screen”). The acquisition of Screen will further solidify TRG’s position as a global market leader in enterprise spend management. The new company will have a greater suite of complementary, innovative software solutions that will be uniquely positioned to provide the full spectrum of subscription spend management capabilities across expense management (FITS, INFOmatch), usage tracking (ResearchMonitor), enquiry management (Quest), specialist consulting services and events to many of the world’s leading financial, legal and professional services firms. Continue reading…

The Financial Conduct Authority (FCA) has published a list of 94 firms without FCA authorisation that it understands to be offering binary options trading to UK consumers. Since January 3rd 2018, firms involved in binary options trading in the UK have been required to be authorised by the FCA.
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In an interview, Vítor Constâncio, Vice-President of the ECB talks about inflation not yet meeting its expectations. He answers questions like: is the erratic policies of Donald Trump a risk for financial stability? But also subjects like currency and wage modeartion are discussed. You can read the interview on this website.
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Now that the floor is nearly open for true open banking in Europe as a result of the passing of the PSD2 kick off date this Sunday, observers sit tight to see the scene unfold. Will we be enjoying a Danse Macabre with the incumbent banks in a leading role or a ‘Scent of a Woman’ tango, the unforgettable picture of experience and youth joining forces?
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The Federal Reserve Board announced the termination of enforcement actions related to residential mortgage loan servicing and foreclosure processing issued in 2011 and 2012 against 10 banking organizations. The Board also announced civil money penalties totaling $35.1 million against five of these 10 organizations that had not yet been fined for their mortgage servicing deficiencies related to those enforcement actions.
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