The Digital Operational Resilience Act (DORA) is poised to significantly transform the landscape of the financial services sector within the European Union (EU) by January 2025. This regulation aims to enhance the operational resilience of financial institutions against the backdrop of escalating
July 29, 2024The rapid advancement of artificial intelligence (AI) has started to redefine the landscape of the financial services sector. Financial regulators are now facing a dual challenge: harnessing the benefits of AI while mitigating its risks. Given the transformative potential of AI in areas such as
June 20, 2024The symbiotic relationship between our personal finance and the broader economic and environmental changes is becoming ever more apparent as we grapple with global dynamics. From the punitive pitfalls of mismanaged tax declarations to the necessity of heat mitigation in urban homes; from the
June 17, 2024In a world where financial health is integral to societal stability, the practice of banking regulation and the political machinations that influence it are as critical as they are complex. Finance and economics expert Anat R. Admati, through her scholarly work and public commentary, has pierced
April 18, 2024California is revamping its financial regulations, particularly affecting debt collectors, to enhance consumer protections. This overhaul requires debt collectors to adhere to new licensing rules under the guidance of the Department of Financial Protection and Innovation (DFPI). The DFPI has
March 18, 2024Insurance regulation worldwide is steadily moving toward risk-based models, significantly changing how insurers approach capital management and risk assessment. This shift aligns with a global trend that aims for superior risk management and heightened competitive dynamics in the insurance
March 18, 2024