The Digital Operational Resilience Act (DORA) has officially come into effect as of January 16, 2023, marking a significant milestone in the European Union's efforts to bolster the cybersecurity and operational resilience of the financial sector. This regulation is particularly crucial given the
As Martin Gruenberg, Chairman of the Federal Deposit Insurance Corporation (FDIC), prepares to step down from his role on January 19th, his reflections on past financial crises serve as a somber reminder of the persistent vulnerabilities within the financial system. Gruenberg points to the rapid
The 2023 Formula-E race in Hyderabad, a landmark event intended to showcase the city's global standing, has come under intense scrutiny due to alleged financial irregularities. The investigation, spearheaded by India's Anti-Corruption Bureau (ACB) and the Enforcement Directorate (ED), focuses on
In exploring the complex world of financial regulations, Liberty Street Economics stands out as a valuable resource, particularly due to its robust analytical approach and policy-centric discussions. Managed by economists at the New York Fed, this blog delves deeply into how regulatory changes
The urgent need to update financial regulations to support the global energy transition towards net-zero carbon emissions is becoming increasingly apparent. Current financial tools, models, and regulations may not be sufficient to meet the net-zero and carbon neutrality commitments that governments
The realm of artificial intelligence (AI) regulation is an evolving landscape across the globe. Governments and regulatory bodies are striving to ensure that AI is adopted safely, used responsibly, and simultaneously encourages innovation. As AI technologies increasingly permeate financial
