Featured Product

    US Congress Launches Taskforces on Fintech and Artificial Intelligence

    May 09, 2019

    The U.S. House Committee on Financial Services announced task forces on financial technology (fintech) and artificial intelligence. According to the Committee Chairperson, Maxine Waters, “The new task forces on financial technology and artificial intelligence, under the leadership of Congressman Lynch and Congressman Foster, respectively, will help Congress to stay on top of new developments in these areas so that we are well-positioned to make policy.”

    The Task Force on Financial Technology will be chaired by Congressman Stephen Lynch and will examine issues including:

    • Regulating Fintech: Domestic and international perspectives
    • Fintech Lending and New Inputs: Utilizing alternative data for loan underwriting and modifications
    • Fintech and Consumers: Assessing the infrastructure and legal and regulatory framework for efficient payments
    • Fintech and Big Data: Reviewing challenges to data privacy

    The Task Force on Artificial Intelligence will be chaired by Congressman Bill Foster will examine issues including:

    • Applications of machine learning in financial services and regulation 
    • Emerging risk management perspectives related to algorithms and Big Data 
    • Artificial intelligence, digital identification technologies, and combating fraud
    • Automation and its impact on jobs in financial services and the overall economy

     

    Related Link: Press Release

     

    Keywords: Americas, US, Banking, Insurance, Securities, Fintech, Regtech, Big Data, Artificial Intelligence, Taskforce, U.S. House Committee in Financial Services

    Related Articles
    News

    HKMA Urges Early Action for Adherence to IBOR Fallbacks Protocol

    HKMA urged authorized institutions to take early action to adhere to the IBOR Fallbacks Protocol, which ISDA is expected to publish soon.

    October 16, 2020 WebPage Regulatory News
    News

    FSB Sets Out Roadmap for Transition to Alternative Reference Rates

    FSB published a global transition roadmap for London Inter-bank Offered Rate (LIBOR).

    October 16, 2020 WebPage Regulatory News
    News

    HM Treasury Publishes Response to Proposal on BRRD2 Transposition

    HM Treasury published a document that summarizes the responses received from a consultation on the approach of UK to transposition of the revised Bank Resolution and Recovery Directive (BRRD2).

    October 15, 2020 WebPage Regulatory News
    News

    HM Treasury Publishes Response to Proposal on CRD5 Transposition

    HM Treasury published the government response to the feedback received on the consultation for updating the prudential regime of UK before the end of the Brexit transition period.

    October 15, 2020 WebPage Regulatory News
    News

    PRA Updates Supervisory Statement on Counterparty Credit Risk

    PRA published the final policy statement PS22/20, which contains the updated supervisory statement SS12/13 on counterparty credit risk.

    October 14, 2020 WebPage Regulatory News
    News

    FSB Publishes Update on Work to Address Market Fragmentation

    FSB published an update on its work to address market fragmentation. FSB is working in this area in collaboration with the other standard-setting bodies.

    October 14, 2020 WebPage Regulatory News
    News

    EBA Proposes to Revise Guidelines on Incident Reporting Under PSD2

    EBA proposed revisions to the guidelines on major incident reporting under the second Payment Service Directive (PSD2).

    October 14, 2020 WebPage Regulatory News
    News

    EBA Finalizes Standards for Prudential Treatment of Software Assets

    EBA published the final draft regulatory technical standards specifying the methodology for prudential treatment of software assets by banks.

    October 14, 2020 WebPage Regulatory News
    News

    FSB Publishes Roadmap on Cross-Border Payments, Report on Stablecoins

    FSB published a report presenting the roadmap to enhance cross-border payments by providing a high-level plan that sets ambitious but achievable goals and milestones in the five focus areas.

    October 13, 2020 WebPage Regulatory News
    News

    EIOPA Urges Insurers to Prepare for End of Brexit Transition

    In a recent communication, EIOPA urged the insurance sector to complete its preparations for the end of the Brexit transition period on December 31, 2020.

    October 13, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 5959