flwnet

It is notable that a few challenger neobanks are expanding footprint into telecoms, namely Revolut and N26. N26 joins Revolut in disrupting the telecommunications market The interesting thing here is that there have been many telco’s trying to move into banking – think Orange – and vice versa, but it rarely works. Orange checks out……

Things we’re reading today include … US reportedly plans to slash bank rules imposed to prevent 2008-style crash Largest US crypto exchange says cost of recent cyber-attack could reach $400m | US crime Cross-border cryptocurrency and stablecoin flows dissected in BIS paper Crypto Regulation Accelerates Worldwide, with Europe at the Forefront Bank of London Investigated……

Having been back in the regulatory space again recently, it reminded me of a comment made by one European Commissioner when discussing MiFID back in the day. Over drinks, we were debating the wording and detail and he said: “the point is not to get all member states to comply … the point is to……

This week’s main blog discussions include … The regulation versus innovation debate continues I just attended two events – one fintech and one regulatory. The contrast could not have been more different. The fintech event was buzzing with activity and youth; the regulatory event was very serious and full of suits. It reminded me of……

Things we’re reading today include … Donald Trump’s US turmoil could make City great again Crypto-Related Abductions Are on the Rise Globally Cryptocurrency platform Coinbase warns of up to $400m hit from cyber attack Binance and Kraken Reportedly Fend Off Social Engineering Hack More than 13m customers still rely on bank branches US reportedly plans……

Like the United States, Europe is trying to create a united region of cross-border trade that works. In America, this is 50 member states who work in a federated structure. My impression after the recent meeting on CRD VI (Capital Requirements Directive) is that Europe’s long-term aim is to achieve the same and, today, there……