London – Regulators are examining more closely whether the technology companies that provide financial services can be supervised more strongly as seats , said the chairman of the largest financial institution in Europe, the HSBC .
As more technology companies offering financial services or help consumers make payments, increased the questions about how far they can go in terms banking companies like Apple and Alibaba and how they should be regulated.
“Regulators around the world are reflecting on the extent to which Internet companies are conducting their businesses and to what extent they should be regulated like banks, or if they are simply providing mechanisms or some kind of application facilitate access to banks, “said the chairman of HSBC, Douglas Flint, on Thursday.
He said he hoped that more technology companies to join the banks to avoid the regulations costs.
Topics: Banks , finance , Europe , HSBC , Business , British companies
No comments:
Post a Comment