Banks running out of time to implement GDPR. Europe’s new data regulation places wide-reaching demands on banks to revamp their data gathering and storage efforts.
The UK Senior Managers and Certification Scheme is to be extended in 2018 to cover most FCA-regulated firms.
At the same time the FCA has said that it wants to move away from a fear based culture of regulation.
While each regulator chooses its own way, most believe the best approach is to look past the technology and focus on how products behave. But this could change as digital currencies proliferate.
Regulators have started to voice their opinion and it ranges from treating “coins” like a security to outright banning banning ICOs.
Brexit plans run the risk that PSD2 will be implemented in UK law without the RTS on Strong Customer Authentication.