Originally Published on Digitalist Magazine With the advent of robo-advisors, artificial intelligence (AI), and virtual assistants, the next wave of the financial technology revolution could arrive sooner than anticipated. A report Continue Reading
Big Data tools not only simplify lengthy analytical procedures in any industry, but they also provide a competitive advantage to banks. With new regulations, banks are looking at ways to Continue Reading
Banking is getting branchless, contemporary and digital at a very fast pace. As banks compete to gain competitive advantage, the need for managing big data and analytics becomes more relevant. Continue Reading
Investors will be looking at a widely expected interest rate hike Wednesday as a signal of the Federal Reserve’s growing confidence in a healthier U.S. economy. But they should also Continue Reading
Banks have always remained too big to fail but their systemic risk became the topic of debates after the 2008 financial crisis. Living wills are a part of the post-2008 reforms to ensure that the risk does not spread to other sections of the financial system.
Volcker Rule is a temporary solution to a permanent problem of ‘too big to fail’. If Volcker Rule really aims to address the issues of 2008 financial crisis, it should eliminate the issue of ‘too big to fail’ because as long as large firms exist, they will continue to attract federal support during any future crisis, despite all the adherence to the strict rules in the Dodd-Frank rulebook.
With many complexities and delays, the promise made by Dodd-Frank is yet to be delivered. The above-mentioned rules are only three rules of the 400 ones that make up the Dodd-Frank Act. Here are the missing links of the Dodd-Frank Law.