FSB, Basel Committee have long warned of tech risk in financial sector
Proposals seek to combat regulatory arbitrage, level playing field
Consultation to review consumer protection, competition, systemic risk concerns
Proposed principles aim to address growth of outsourcing, fintech
Former rep's objection to regulator's investigative powers stayed
U.S. SRO highlights regulatory implications
Business disruption costs are the largest effect of cyber incidents
Open banking, fintech can enhance innovation, DBRS Morningstar says
Changes will raise demands on firms to warn investors about breaches
Agency says no evidence that information was lost in attack