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Weekly Roundup: Data-sharing Arrangement in Peril, Bank of England Warns against Fintech Risks, and More
printThe U.S.-EU Privacy Shield data-sharing agreement may be on life support after President Donald Trump's issuance of an executive order excluding foreign citizens and other individuals from certain privacy protections, The Wall Street Journal reported. More Bank of England Governor Mark Carney warned in a public statement that lenders must confront potential "systemic risks" posed by fintechs, which he said may pose a threat to financial stability and a channel for money launderers and terrorist financiers, Reuters reported. More The head of a Cayman Islands financial-services industry group told The Wall Street Journal that a global, standardized version of blockchain...
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