What are the top 10 most influential financial regulations passed worldwide this year?
As an AI language model, I don’t have real-time data or the ability to browse the internet. However, I can provide you with a list of influential financial regulations that have been significant in recent years. This list might not include the most recent regulations passed this year. Here are ten influential financial regulations from recent years:
1. Dodd-Frank Wall Street Reform and Consumer Protection Act (United States, 2010) – Implemented after the 2008 financial crisis, aiming to promote financial stability, consumer protection, and transparency.
2. Basel III (International, 2010) – International banking regulations aimed at strengthening global banks’ capital adequacy and liquidity requirements.
3. European Market Infrastructure Regulation (EMIR) (European Union, 2012) – Regulates over-the-counter (OTC) derivatives and aims to increase transparency and reduce counterparty risk.
4. Alternative Investment Fund Managers Directive (AIFMD) (European Union, 2011) – Regulates managers of investment funds, increasing transparency, and investor protection.
5. Markets in Financial Instruments Directive (MiFID II) (European Union, 2018) – Broadens and strengthens the regulation of financial markets, products, and services to improve investor protection and transparency.
6. General Data Protection Regulation (GDPR) (European Union, 2018) – Although not exclusively financial, GDPR significantly impacts financial institutions, as it regulates the protection and privacy of personal data.
7. Volcker Rule (United States, 2010) – Prohibits banks from engaging in proprietary trading and restricts their investments in hedge funds or private equity funds.
8. Anti-Money Laundering (AML) Directives (Various countries) – Multiple global jurisdictions enacted various AML directives in recent years to combat money laundering, terrorist financing, and corruption.
9. Systemically Important Financial Institution (SIFI) Regulations (Various countries) – Different nations have implemented regulations targeting large financial institutions deemed systemically important to prevent another financial crisis.
10. Payment Services Directive 2 (PSD2) (European Union, 2015) – Aims to increase competition, innovation, and security in the payment services sector by opening up customer account data to regulated third-party providers.
Please note that financial regulations can vary by country, and the most influential regulations passed this year may not be included in this list.
