TOP STORY | Issue 50

FCA boosts Open Banking by removing 3-month re-authentication requirement

via pymnts.com

In most industries, it’s been a long time since inspectors could just come into a plant with a clipboard and checklist and effectively regulate.

But as technology advances in leaps and bounds, there are too many fields where regulation is falling so far behind that it’s not only ineffective, it’s become a hindrance. Cary Coglianese, a professor of law and science at the University of Pennsylvania and director of the Penn Program on Regulation, likened it to herding cats.

 

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