Financial Services Financial Services

Big Tech’s entry into financial sector poses threats that should be tracked company by company, BIS’s Carstens says

By Neil Roland
  • 27 Jan 2021 17:44
  • 05 Feb 2021 08:46
The financial-sector entry of technology giants such as Amazon, Facebook and Alibaba poses financial stability, competition and privacy threats that should be addressed through company-by-company oversight rather than just the activities in which they participate, said Agustin Carstens, Bank for International Settlements general manager.
"It is clear that big techs

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Neil Roland

Senior Correspondent


Neil has covered U.S. financial regulation for over two decades, mostly for Bloomberg and Crain Communications. He received a Loeb award for coverage of regulators' response to the collapse of Enron. He also garnered a SABEW award and some Jesse H. Neal awards for stories on the Federal Reserve's response to the 2008 financial crisis. Roland has appeared as a commentator on Fox TV, NPR, C-Span and Bloomberg TV. He received a Master's degree in public policy from Harvard and a Bachelors degree in economics from Cornell.

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