Sentences with phrase «open financial sector»

This requirement is fostering the transformation towards a more open financial sector, also known as open banking.
China's official pledges, made at the annual Boao Forum for Asia in southern Hainan province, echoed previous promises from Beijing to open the financial sector but comes at a time of heightened pressure on China from the United States over trade and access to its massive markets.
China will steadily reform and further open its financial sector while putting «equal emphasis» on preventing financial risks through regulation and supervision, the new central bank governor said.
China will steadily reform and further open its financial sector while putting «equal emphasis» on preventing risks through regulation and supervision, Yi Gang told the China Development Forum in Beijing.
China laid out a clearer timetable on Wednesday for opening its financial sector to more foreign investment by the end of 2018, as Beijing looks to fend off growing criticism from the United States and others that it unfairly limits competition.

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That is crucial for financial services customers such as MasterCard (M), and it opens the door to broader applications in the retail sector.
China's central bank has elaborated on the country's plans for opening up its financial sector.
«The opening up of the financial sector must be accompanied by the development of financial regulation.»
«We will put equal emphasis on the opening up of the financial sector and prevention of financial risks,» the governor said.
But raising the ownership limits does not mean that there will be no supervision, Yi said, and the opening up of China's financial sector does not mean it will go unregulated.
During the visit, Chen mentioned distributed ledger technology as one of the key components to the «development and application of fintech,» and highlighted that he and Xing Yujing, the head of the People's Bank of China Shenzhen Central Sub-Branch, agreed that mainland China should reinforce a solid relationship with the Hong Kong and Shenzhen financial sectors by engaging in «pilot schemes» in order to support «the process of the nation's reform and opening - up.»
As part of its commitment to a build a more diverse workplace and address a gender gap within key sectors of the financial services industry, Fidelity has launched its Summit for Young Women, a day - long event designed to open students» minds to the wide range of career opportunities that exist within financial services, years before they are ready to begin their professional lives.
While the financial services sector has begun adopting open protocols to enable interconnectivity, the payments sector has yet to adopt a fully open settlement protocol to enable global connectivity, leaving...
Some business leaders fear that the Trump administration may simply accept Chinese offers to lower the trade surplus by buying more American goods and open up segments of the economy that are already mature, like financial services, electronic payments or the auto sector.
The two discussed the trade tensions, including reducing tariffs on American cars and opening up China's financial services sector to American firms.
Lian says that the Central Bank has created an open group with the implementation of the Application Programming Interface (API) with the participation of members of the financial sector and major fintech startups, whose main objective is to develop a unified open framework API.
It's clear that China is open to negotiating in sectors such as financial services, education, tourism and health care — areas where Canada tends to punch above its weight.
We are convinced that blockchain technology has the ability to transform not only financial services but also other industries... We value Blockstream's open source approach and its sidechain technology, which will allow interoperability between different chains and provide critical long - term success in this sector.
On Wednesday, China's central bank governor, Yi Gang, also partly fleshed out how China plans to open the country's financial services sector to foreign investors.
A far greater part of the text — thousands of pages in more than 30 chapters — has to do with harmonizing regulations (financial, health and safety standards, etc.), reinforcing intellectual property rights (patents, copyrights), opening up new sectors to privatization and foreign investment (health insurance and education), and putting strict limits on how governments choose to protect the environment or create jobs.
China on Wednesday detailed a timeline to further open parts of its financial sector by June 30, easing concern that the historic move would be derailed by escalating trade tensions amid U.S. President Donald Trump's threat to impose more tariffs.
While this was a global banking crisis without precedent, we were hit especially hard because we have one of the most open economies in the world; with a financial services sector that had grown too big for the UK economy carrying liabilities that were around five times the size of it; UK citizens were privately indebted to the tune of 1.4 trillion pounds — among the highest in the developed world; and we had a housing market that went from spectacular boom to bust.
The focus therefore will be on the rest of the agenda: financial, fiscal, land and government administration reforms, pricing of resources, changes to social security and opening protected sectors to private and foreign competition.
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ICAEW is launching its online Personal Financial Planning Community later this month which will be open to both ICAEW members and other professionals with an interest in this increasingly complex and important part of the professional advice sector.
In the months leading to 13 January 2018 and the implementation of PSD2, the financial sector witnessed a burst of activity so that prospective PISPs and AISPs could hit the ground running and communicate with banks using open APIs.
Leanne joined Fox Rodney Search at the start of 2011 and focuses on both the London, Benelux and German markets (in particular Frankfurt, Munich and Dusseldorf) undertaking retained partner searches, partner representation, team moves and lift outs, new office openings, retained senior in - house legal and compliance searches in the financial services sector, due diligence assignments and market intelligence assignments.
The Frankfurt office opened today and will focus initially on the financial services sector with special regard to digital business models in the finance industry.
Canada prides itself as a leader in financial services and the agreement will facilitate deeper links between the Canadian and European banking sectors opening markets for the vital financial services while ensuring the maintenance of strong government rules for the sector.
You can open a PPF account online at the nationalized public sector banks in India, at the post offices, and at other financial centres like the private banks.
To that effort, Lian further said that BNM has formed an open Application Program Interface implementation group, with members from the financial sector, as well as major fintech startups, whose main agenda is to develop a standardized open API framework.
Speaking after his election, the new PBOC said, «the main task is that we should implement prudent monetary policy, push forward the reform and opening - up of the financial sector, and maintain the stability of the entire financial sector
The government is committed to making the nation a cashless economy and hence I expect that the Government and RBI will keep an open - minded approach towards the emerging technologies in the financial sector.
In this podcast, host Laura Shin talks with industry pioneers across tech, financial services, health care, government and other sectors about how the blockchain and fintech will open up new opportunities for incumbents, startups and everyday people to interact more efficiently, directly and globally.»
Long a leader in the lucrative bitcoin transaction processing sector, this has been an open question since the startup expanded its mission in a bid to win the trust - and business - of the world's biggest financial firms, governments and institutions.
It was a rude awakening for the financial sector as it opened its eyes to the vital importance of compliance and risk management.
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Identify the business operations of the business sector where the financial position is open for employment.
Open to relocating candidates looking to recruit in Dubai A new and exciting opportunity has become available with one of our clients who is looking to hire a Senior Recruitment Consultant working within their Dubai office focused within the Banking and Financial Services sector.
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