The financial services industry is undergoing a radical transformation. Companies that can navigate this uncertain terrain will retain a competitive edge. Digital transformation has become a key topic across financial institutions' board rooms. Yet the regulatory framework for the implementation of technological innovations still lags behind. As technology removes physical borders from the securities industry, international financial institutions must remain vigilant to ensure their business activities do not violate US regulations. An overhaul of the Consumer Financial Protection Bureau by its acting head has ruffled feathers and heralded a less aggressive enforcement regime. A package of reforms aimed at tackling non-performing loans will have far-reaching consequences for European banks.
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