Publication
Regulation Around the World: Open Finance
In this issue of Regulation Around the World we look at how regulators are developing their proposals for Open Finance.
United States | Publication | September 17, 2021
On September 13, President Biden announced he is nominating Alvaro Bedoya to the Federal Trade Commission. Bedoya is a professor at Georgetown Law and is the Founding Director of the law school's Center on Privacy & Technology. Bedoya previously served as Chief Counsel of the U.S. Senate Judiciary Subcommittee on Privacy, Technology and the Law and has written extensively about the racially disparate effects of surveillance and data collection. His 2016 paper about police face recognition led to a series of House oversight hearings and the National Institute of Standards & Technology's first ever comprehensive bias audit.
On September 14, the FTC authorized eight new compulsory process resolutions including a resolution to use any and all compulsory process available to investigate bias in algorithms and biometrics. The FTC had previously warned that algorithms that lead to discriminatory outcomes may violate Section 5 of the FTC Act. Bedoya's nomination signals a commitment to this position and the Biden administration's focus of privacy as a consumer protection issue. The administration's Build Back Better Act, which is currently being reviewed by Congress, would give the FTC an addition US$1 billion to create a new division for privacy enforcement. If passed, this would signal strong Congressional support for the FTC taking a more aggressive role in privacy enforcement
If confirmed by the Senate, Bedoya will replace Commissioner Rohit Chopra as one of the Commission's three Democratic Commissioners.
Publication
In this issue of Regulation Around the World we look at how regulators are developing their proposals for Open Finance.
Publication
In Sapura Fabrication Sdn Bhd and others v GAS and anor appeal [2025] SGCA 13, the Singapore Court of Appeal made important findings
Publication
The Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) is now half way through its first phase of compliance, while the supporting regulatory frameworks constituting the building blocks for the CORSIA and Article 6 markets are incrementally being cemented in place and the market is developing fair mechanisms for managing key gap risks.
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