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Bank of England Delays Final Basel Bank Capital Rules to July 2025
Date: September 27, 2023
Bank of England delays final Basel bank capital rules to July 2025 LONDON (Reuters) – The Bank of England on Wednesday said it would delay by six months to July 2025 its roll out of the final leg of international bank capital rules that began after the global financial crisis over a decade ago. The...
Three-Quarters of Firms Globally Are Not Ready for New ESG Rules, Kpmg Finds
Date: September 26, 2023
Three-quarters of firms globally are not ready for new ESG rules, KPMG finds LONDON (Reuters) – Three-quarters of companies globally are not ready to have their environmental, social and governance (ESG) data audited externally months before new regulations kick in, according to a new report from KPMG published on Tuesday. Stricter European Union, U.S. and...
How the Lei Can Help Financial Institutions ‘Address’ a Growing Challenge in Iso 20022
Date: September 25, 2023
How the LEI Can Help Financial Institutions ‘Address’ a Growing Challenge in ISO 20022 The vast complexity and inconsistency of address formats globally presents significant challenges for financial institutions. In this blog, GLEIF’s Head of Business Operations, Clare Rowley, explores why the ability to map relevant address fields from Legal Entity Identifier (LEI) reference data...
Poland Investigates OpenAI Over Privacy Concerns
Date: September 21, 2023
Poland investigates OpenAI over privacy concerns WARSAW (Reuters) – A Polish watchdog is investigating Microsoft-backed OpenAI over a complaint that its ChatGPT chatbot breaks European Union data protection laws known as the GDPR, it said. OpenAI has already faced at least its second class action lawsuit in San Francisco federal court for allegedly breaking privacy...
Banks Know What Embedded Finance Is, but Do They Know How to Use It?
Date: September 18, 2023
BANKS KNOW WHAT EMBEDDED FINANCE IS, BUT DO THEY KNOW HOW TO USE IT? By-lined to Alex Mifsud, CEO, and co-founder of Weavr The emergence of embedded finance has been a standout development in financial services in 2023. Digital businesses in various industries, from employee benefit platforms to corporate credit providers, are already tapping into...
Apple to Update iPhone 12 Software in France to Settle Radiation Row
Date: September 15, 2023
Apple to update iPhone 12 software in France to settle radiation row By Elizabeth Pineau PARIS (Reuters) – Apple said on Friday it would issue a software update for iPhone 12 users in France to settle a row with regulators that ordered the suspension of the phone’s sale due to breaches of radiation exposure limits....