The issue of over-optimism among borrowers is a significant concern for consumer credit regulation, as many consumers fall into the trap of overestimating their future income and underestimating financial risks, leading to overborrowing. This article explores the cognitive biases that contribute to
The recently announced removal of the Philippines from the Financial Action Task Force (FATF) 'grey list' signifies a pivotal enhancement in the country's global financial standing. Comprising countries with deficiencies in their financial systems, this list subjects these countries to increased
The African Union (AU) has articulated a comprehensive strategy designed to promote gender equality and empower women across the continent. As a bold and visionary agenda, this strategy aims to harness the potential of all human resources to advance Africa into a prosperous and peaceful region.
In a controversial move that has stirred a political hornet's nest, Sean Duffy, the newly appointed transportation secretary under President Trump, has issued a directive that prioritizes transportation grants for communities boasting higher-than-average marriage and birth rates. As soon as Duffy's
Sushil Kuner's professional journey is a compelling narrative of resilience, adaptability, and the importance of varied experiences in shaping a successful career in financial services regulatory law. As a principal associate at Gowling WLG (UK) LLP, Kuner’s multifaceted role involves advising on
The newly instated corporate fraud liability rules set to be enforced in the UK starting September 1, 2023, are part of the Economic Crime and Corporate Transparency Act 2023. These rules are designed to hold companies accountable for fraudulent activities carried out by their agents, employees,
