News Formal

Breakingviews - Big Tech in finance? There’s a regulator for that

  • 📰 Breakingviews
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

مصر أخبار أخبار

مصر أحدث الأخبار,مصر عناوين

Technology companies have stormed the heights of consumer finance, but they don’t face the regulation that vexes their old-world rivals. While no single financial watchdog has oversight of Apple , Amazon.com or Facebook owner Meta Platforms , that could change. It all hangs on the views of a panel of watchdogs known as the Financial Stability Oversight Council.

, with many using both, according to S&P Global’s 451 Research. A disruption or failure through a hack or natural disaster could upend operations and cause a panic.

after the 2008 financial crisis. Other FSOC members have their own expertise: the SEC’s is over capital markets, for example. None of this would stop tech firms’ financial march, but it would slow them down. Regulated entities would need to have their own chief executive, board and come up with rules on cybersecurity and other areas. British authorities recently floated ato make sure the financial system could withstand a cloud-computing snafu, including regular cyber resilience tests.

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 470. in EG
 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

GinaChon FSOC 🤣🤣🤣. I hate socks too 🤗.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Big Tech survived the earnings test, but many more tech companies are picking up their pencilsWall Street breathed a sigh of relief this week after Big Tech produced results that were largely not as bad as feared (except for Facebook), but the harder...
مصدر: MarketWatch - 🏆 3. / 97 اقرأ أكثر »