While much of the debate of the past decade has focused on the Dodd-Frank Act, changes to Basel capital standards have played a big role in adding to the regulatory burden.
There are steps financial firms can take to protect their customers in the event a major wireless network is compromised, including reconsidering the use of SMS messaging for account authentication.
Top U.S. financial regulators assured Treasury Secretary Steven Mnuchin during a hastily organized call they are seeing nothing out of the ordinary in markets.
