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Tag Archives: FinTech

The CFTC and Fintech Innovation, Part 1 – Goals of LabCFTC Feature,Video

“Our chairman has articulated very clearly that you can’t be an analog regulator in an increasingly digital world.  So, our focus is on facilitating market enhancing innovation while ensuring market integrity.” On May 17, the CFTC announced the launch of its new fintech initiative, LabCFTC. The CFTC hired Daniel Gorfine, a lawyer with a background in financial policy who previously worked for a fintech company, to lead the initiative and become the CFTC’s Chief Innovation Officer on July 10.  Gorfine sat down with JLN to discuss how the CFTC plans to become a 21st century regulator.  

Asia Pacific Financial News from John Lothian News – September 28, 2017 Asia/Pacific,Banks, Brokers & Managed Funds,Blog,Exchanges, OTC & Clearing,Fintech,Investing & Trading,Politics,Regions,Regulation

Lead Stories Gordon Brown warns next financial crisis could come from Asia Jasper Jolly – City AM Massive shadow bank lending to firms in Asian economies could be storing up the next global financial crisis, according to former Prime Minister Gordon Brown. https://goo.gl/DgfuyU Financial assets in Southeast Asia grow, but debt build-up a concern By Asia Asset Management Financial assets in four Southeast Asian countries – Singapore, Thailand, Malaysia and Indonesia – collectively grew 8% to 20.41 trillion euros (US$24 trillion), from 18.8 trillion euros in 2015, but “dangerously high” debt ratios similar to levels in the US before the…

Asia Pacific Financial News from John Lothian News – September 27, 2017 Asia/Pacific,Banks, Brokers & Managed Funds,Blog,Exchanges, OTC & Clearing,Fintech,Investing & Trading,Regions,Regulation,Regulation & Enforcement

Lead Stories Derivatives exchange of the year: SGX; Asia Risk Awards 2017 Asia Risk staff Idiosyncratic risks are on the rise – not only across regions but also between asset classes. This means that it is becoming increasingly important for companies to be able to precisely hedge their value and supply chain. The Singapore Exchange retains its position as Asia Risk Derivatives Exchange of the Year for strengthening its vertical business lines, at the same time as continuing to diversify and broaden its horizontals. https://goo.gl/qhVYB9 Intercontinental Exchange Announces ICE Futures U.S. Contract Based on NYSE FANG+™ Index of Tech Stocks;…

Asia Pacific Financial News from John Lothian News – September 26, 2017 Asia/Pacific,Banks, Brokers & Managed Funds,Blog,Exchanges, OTC & Clearing,Fintech,Investing & Trading,Politics,Regions,Regulation,Regulation & Enforcement

Lead Stories China ‘strongman’ Xi to put stamp on communist charter; Wording will be watched as measure of power and for signs of growing cult of personality Lucy Hornby in Beijing – FT Since becoming Chinese president in 2012, Xi Jinping has been tightening his grip on civil society, the military and competing political cliques. https://goo.gl/KcTVyY Japan’s big banks plan digital currency launch; J Coin designed to wean Japanese off heavy dependency on cash Martin Arnold and Leo Lewis in Tokyo – FT Japanese banks plan to introduce a digital currency ready for the 2020 Tokyo Olympics as they respond…

Asia Pacific Financial News from John Lothian News – September 25, 2017 Asia/Pacific,Banks, Brokers & Managed Funds,Blog,Exchanges, OTC & Clearing,Fintech,Investing & Trading,Politics,Regions,Regulation,Regulation & Enforcement

Lead Stories Note from John Lothian: How do you like this aggregation of news? Would you like it as an email newsletter? What time of day would you like to receive it? Any other feedback for us? Email me at johnlothian@johnlothian.com and let me know. Thanks! JJL Shinzo Abe calls snap Japan general election; Tokyo governor Yuriko Koike declares she will lead opposition party against PM Robin Harding and Peter Wells in Tokyo – FT Shinzo Abe has called a snap general election that will decide whether Japan sustains its massive economic stimulus and shape the country’s future until the…

Asia Pacific Financial News from John Lothian News – September 22, 2017 Asia/Pacific,Banks, Brokers & Managed Funds,Blog,Exchanges, OTC & Clearing,Fintech,Investing & Trading,Politics,Regions,Regulation,Regulation & Enforcement

Lead Stories North Korea threatens to detonate H-bomb in Pacific; Trump labels Kim Jong Un a ‘madman’ after Pyongyang warns US leader will ‘pay dearly’ Demetri Sevastopulo in Washington and Katrina Manson in New York – FT North Korea has threatened to detonate a hydrogen bomb in the Pacific, after Kim Jong Un warned that Donald Trump would “pay dearly” for his threat this week to “totally destroy” North Korea if America was forced to defend itself and its allies. https://goo.gl/V4Pacd North Korean missiles prompt airlines to change routes; Move comes amid fears of miscalculation and concerns of accidental strike…

Asia Pacific Financial News from John Lothian News – September 21, 2017 Asia/Pacific,Blog,Exchanges, OTC & Clearing,Fintech,Investing & Trading,Politics,Regions,Regulation,Regulation & Enforcement

Lead Stories Twenty years on: The Asian crisis and regional financial arrangements Author: David Nellor, Jakarta – EastAsiaForum.org Proposals for an Asian Monetary Fund (AMF) dominated corridor conversations at the 1997 IMF–World Bank annual meetings in Hong Kong. The Asian financial crisis had erupted a few months earlier and was engulfing the region. https://goo.gl/i31LWq Phoenix Rising: A Century Of Asia’s Markets And Economic Highlights Pamela Ambler , – Forbes Forbes is celebrating 100 years of its business-empowering magazine. To commemorate the milestone in Asia, we take a look back at regional markets and economies over the past century. Japan, Hong…

The Birth of Fintech – Anna Irrera Feature,MarketsWiki Education,MWEd,Video,video

“[Fintech] is an incredibly broad term. It means the ATM you’re using in a bodega, but it also means the sophisticated software used to spot fishy behavior in markets.” In this video from MarketsWiki Education’s World of Opportunity event in New York, Anna Irrera, a fintech correspondent for Reuters, breaks down how fintech is revolutionizing the financial industry. While fintech is a broad term, Irrera talks about four main areas: payments, online lending, digital wealth management and blockchain projects.

Asia Pacific Financial News from John Lothian News – September 20, 2017 Asia/Pacific,Blog,Exchanges, OTC & Clearing,Fintech,Investing & Trading,Politics,Regions,Regulation,Regulation & Enforcement

Lead Stories Trump’s Threats Loom as China Weighs Opening to Wall Street, Tesla Bloomberg News China is said to consider giving foreign firms more access; Moves may be concession to U.S. before Trump visit in November Coincidence or not, China appears set to ease restrictions on foreign automakers and banks amid sustained pressure from U.S. President Donald Trump to open up its economy. https://goo.gl/gnQQKd Ex-Barclays chief to expand bank technology service into Asia; Antony Jenkins’ group gains Ping An backing for tech that allows faster customer data retrieval Emma Dunkley – FT Antony Jenkins, the former Barclays chief executive, is…