Category Archives: Uncategorized

  xxx “Lawmakers should authorise the creation of a ‘fintech’ charter allowing new entrants to do some things that only banks can do now. We need to break the banks’ monopoly. The Office of Comptroller of Currency has been considering such a charter, but its legal basis is shaky, and lobbying has stalled the effort.”Continue reading “POST It’s not for me to tell the OCC what to do”

xxx n our paper, we exploit the differential impact of the SEC reform on the different segments of the MMF industry as a quasi-natural experiment to estimate the premium investors are willing to pay for money-likeness. In particular, we look at the difference between the net yield offered by prime MMFs and that offered byContinue reading “The Premium for Money-Like Assets   Liberty Street Economics”

xxx If regulated payment providers use this data wisely, bank-to-bank bank payments will get smarter, more secure and more reliable. For example, an AISP may ensure that a payment is only triggered when money is in a customer’s bank account, From Bank-to-bank payments will steal market share from cards in a Cashless Society » PaymentEye.Continue reading “Bank-to-bank payments will steal market share from cards in a Cashless Society » PaymentEye”

Policy Exchange, which calls itself Britain’s leading think-tank, has published a report called “The Border Audit” (written by David Goodhart and Dr. Richard Norrie) which has a number of recommendations for post-Brexit Britain. They include the introduction of ESTAs for visitors, just as they have in the US, and some form of ID system. TheContinue reading “POST A call for Brexit Bona Fides”

xxx “What’s the solution? While I’m a huge privacy advocate, I don’t think it should be possible for someone to deploy lethal force with no risk to themselves. At the very least, you should have to put your reputation on the line so that you can be held accountable.” From “Reflections Upon a SWATting –Continue reading “Reflections Upon a SWATting – Jameson Lopp – Medium”

xxx “Abraaj’s reliance on multiple levels of leverage created a ‘highly unstable’ business model that’s unusual for the private-equity industry, the court-appointed liquidators that are dismantling the firm said in a report dated July 11 and seen by Bloomberg. After analyzing the documents they could get their hands on—since some went missing—investigators at PricewaterhouseCoopers saidContinue reading “Behind the Spectacular Collapse of a Private Equity Titan – Bloomberg”

xxx Ultimately, the best option would be if the user did not need to choose between providing consent (or not, and being denied access) and making themselves vulnerable to privacy violations – if instead WebRTC could be used without any IP address leakage whatsoever. From Privacy and consent in the age of browsers: The questionContinue reading “Privacy and consent in the age of browsers: The question of WebRTC – ARTICLE 19”

xxx The global value of tradeable assets stood at more than $20tn at the end of 2017, according to DataLend. Of this, $2.3tn was loaned out, producing revenues of $9.2bn, a figure that includes $2.6bn from the European market. IHS Markit, another data provider, expects global revenues to top $10bn this year for the firstContinue reading “New rules will shine a light on securities lending | Financial Times”

xxx “‘Considering how many Chinese people pay for groceries, daily meals and entertaining with smartphones, that scale of data accumulation is beyond our imagination,’ says Ms Cai, who adds that despite her concerns about privacy, mobile payments are just too convenient to opt out from. But she is cautious, too, about where this path mayContinue reading “Why millennials are driving cashless revolution in China | Financial Times”

China is making its e-money regulation more like the EU’s. With an EU electronic money licence, the organisations holding the funds must keep them in Tier 1 capital and are not allowed to gamble the customer’s money, whereas in China there was no such restriction. Now the People’s Bank has said that in January 2019Continue reading “POST China approaching Europe”