Bjarne Tellmann is senior vice president and general counsel at GSK Consumer Healthcare, a joint venture that combines the consumer brands of GSK and Pfizer. He speaks to Global Finance about the intersectionality of his work.
Household saving is defined as the difference between a household’s disposable income and its expenditures on goods and services. During the pandemic it rose to historical highs everywhere.
On October 27, Global Finance conducted a Sub-custody Roundtable, moderated by publisher and editorial director Joseph Giarraputo. The Roundtable agenda covered crucial topics in the sub-custody sector including: the global and regional impact on the COVID-19 pandemic on sub-custodians; the effect ...
To help combat money laundering, the G20’s Financial Action Task Force (FATF) has long had an interest in enacting crypto-focused legislation.
Recently, during an interview with the Financial Times, FATF president Marshall Billingslea stated that a new global standard for the fight against money laundering was in the final stages. This global standard could be released as early as November, during the FATF plenary assembly.
Still, Billingslea said, “You can’t tilt too far in one direction or another with regulation since blockchain will continue to evolve.”
It makes strategic sense to fill gaps in national regulations. However, a global set of standards will need to be applied in all G20 countries.
The FATF is working to find some form of common consensus among all G20 countries. However, it doesn’t have the authority to impose regulations on member countries. A global standard means countries will have to adapt the laws independently.