Even though fintechs in the capital markets space will not be covered at present, this could be a first step toward greater oversight for these companies.
Comptroller of the Currency Thomas J. Curry announced his office will take comments from the public before it decides on applications from fintech firms to get charters. Getting a special-purpose charter allows organizations to undertake some banking activities on a limited basis. This means firms can lend money, collect debt and issue debit
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails