The utopian vision of open banking dreamed up by the European Commission when it drafted the PSD II regulation is unlikely to emerge from day one of implementation.
Governance, Regulation & Compliance
Richard Nephew, a former principal deputy coordinator for Sanctions Policy at the US Department of State who now teaches at Columbia University, visited Global Finance to discuss economic sanctions, their effectiveness, and why corporate finance leaders should care.
UK regulators are probing the behavior of Barclays CEO Jes Staley for his efforts to unmask a whistleblower, raising issues of confidentiality, liability, culture and honesty throughout the banking industry.
Auditors may have suffered a reputational crisis in the wake of recent corporate financial scandals; but using artificial intelligence and data analytics, the profession hopes to reinvent itself.
CSX is only the latest example of shareholder activists pushing for change in leadership.
Former Canadian trade minister Chrystia Freeland will head the Foreign Ministry.
Alibaba executive chairman Jack Ma stood side by side with president-elect Donald Trump on January 9 to tout Alibaba plans that would “create one million [US] jobs.” Turns out, the plans are to support exporters, which may or may not create jobs in the US.
CFOs are now so consumed by the need to meet expanding compliance requirements, they’re finding it harder to focus on big-picture strategy.
India's demonetization drive is having huge impact on India’s $ 2.2 trillion economy, wreaking havoc on business operations.
The Coca-Cola Company, one of the most identifiable international brands in the world, is changing its leadership.
To those who thought the UK Brexit vote would be the biggest surprise of 2016, the American voters sent an even bigger shock.
Political turmoil is roiling markets abroad and at home, yet observers say fundamentals should leave the country well-placed to draw FDI when sunshine returns.
According the World Bank Group’s Ease of Doing Business Index for 2017, a record-breaking 137 nations out of 190 have implemented key reforms to deregulate their economies.
Tim Sloan, new CEO of Wells Fargo, will likely close branches and seek growth online, but even that may not be enough to help the San Francisco-based bank change direction in the wake of its cross-selling scandal.
Transfer pricing—price-setting for sales within a corporate family—for maximum returns takes on heightened risk as governments crack down on creative tax-avoidance maneuvers.
Central bank governors face the tough task of stimulating growth with monetary policy, which seems to have reached a natural limit. Only fiscal policy can set the stage for long-term expansion.
US: Heather Bresch, the CEO of Mylan, an American pharmaceuticals company, finds herself at the center of one of the biggest pharma controversies in recent years: price-gouging.
The intensifying regulatory environment has led more law schools to offer executive education programs that focus on law, ethics and compliance.