Open Banking by Jeng, Linda

Open Banking (Hardcover) (ISBN-13: 9780197582879)

Vendor: Linda Jeng
Product type: Books
Format: Hardcover
$110.00
$110.00
$110.00
Subtotal: $110.00
Open Banking by Jeng, Linda

Open Banking

$110.00
Open Banking by Jeng, Linda

Open Banking

$110.00
Format: Hardcover
Description
Description
x
Open banking is a silent revolution transforming the banking industry. It is the manifestation of the revolution of consumer technology in banking and will dramatically change not only how we bank, but also the world of finance and how we interact with it. Since the United Kingdom along with the rest of the European Union adopted rules requiring banks to share customer data to improve competition in the banking sector, a wave of countries from Asia to Africa to the Americas have adopted various forms of their own open banking regimes. Among Basel Committee jurisdictions, at least fifteen jurisdictions have some form of open banking, and this number does not even include the many jurisdictions outside the Basel Committee membership with open banking activities. Although U.S. banks and market participants have been sharing customer-permissioned data for the past twenty years and there have been recent policy discussions, such as the Obama administration's failed Consumer Data Privacy Bill and the Data Aggregation Principles of the Consumer Financial Protection Bureau, open banking is still a little-known concept among consumers and policymakers in the States. This book defines the concept of 'open banking' and explores key legal, policy, and economic questions raised by open banking.

Author: Linda Jeng
ISBN-10: 0197582877
ISBN-13: 9780197582879
Publisher: Oxford University Press, USA
Language: English
Published: 01/21/2022
Pages: 344
Format: Hardcover
Weight: 1.75lbs
Size: 10.40h x 7.50w x 1.30d
By Linda Jeng
By Linda Jeng
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Linda Jeng is a Visiting Scholar on Financial Technology and Adjunct Professor of Law at Georgetown University Law Center's Institute of International Economic Law. Her research interests include open banking, data rights, digital currencies and blockchain. She is also leading policy, regulatory and product strategy at the fintech startup Transparent Systems. Previously, she was with the Fed and had chaired the Basel Committee's working group on open banking and APIs. She has spent most of her career working on financial stability and Too-Big-To-Fail regulatory reform, including at the Financial Stability Board in Basel, Switzerland, the U.S. Senate during the passage of the Dodd-Frank Act, and the U.S. Treasury Department during the international implementation of G20-led reforms. Prof. Jeng has worked at the Securities & Exchange Commission, the Office of the Comptroller of the Currency, and a global bank in Paris. She has a J.D. from Columbia Law School, a Master of Advanced Studies from Université de Toulouse, France, and a B.A. from Duke University.

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