JD Supra

Updates to the Safeguards Rule Will Require Non-Banking Financial Institutions to Report Data Security Breaches to the FTC

On October 27, 2023, the Federal Trade FTC (FTC) approved amendments to its version of the Standards for Safeguarding Customer Information Rule (the Safeguards Rule) to require non-banking financial ...
JD Supra

FTC Non-Banking Financial Institutions Safeguards Rule

The Federal Trade Commission has approved an amendment to the Safeguards Rule under the Gramm-Leach-Bliley Act that creates a new data privacy regulatory reporting requirement for non-banking ...
Reuters

U.S. financial regulators to tighten rules on non-banks, systemic risks

WASHINGTON, April 21 (Reuters) - Top U.S. regulators on Friday proposed new rules to speed the assessment of financial stability risks and make it easier to designate non-bank institutions as ...
The Financial Times

Banks’ asset growth outstripped by non-traditional institutions’

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The value of assets held by insurers, private credit providers, hedge funds and other non-bank financial groups ...

Exploring Financial Innovation: Key Concepts and Real-World Examples

Discover how financial innovation reshapes investing, banking, and payment systems with examples like crowdfunding and mobile ...
Reuters

BOJ calls for vigilance to presence of non-bank financial institutions

TOKYO, Nov 14 (Reuters) - The growing presence of non-bank financial institutions (NBFI) warrants attention, as some reports show they account for almost half of financial intermediations globally, ...