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LONDON: A rethink is needed on how to directly regulate activities of Big Tech<\/a> companies in financial services, given their size and influence, a top official at an international forum for central banks said in Wednesday.
Data-rich Big Tech<\/a> companies such as Alibaba<\/a> and Amazon<\/a> have been involved for some time in financial services such as banking, payments, asset management and insurance, with some also providing cloud computing to run key services for banks.
Their size and reach in social media and e-commerce means they can quickly build up market share in financial activities, Bank for International Settlements General Manager Agustin Carstens said in a speech.
This creates a risk of them becoming \"too big to fail\" - a problem regulators hoped they had solved with banks after bailouts in the financial crisis over a decade ago.
\"Without a doubt, a regulatory rethink is warranted, and we need a new path to follow,\" Carstens said, adding a new \"holistic\" framework was needed that included requiring Big Tech financial services to be ring-fenced from other operations.
Their vast troves of data give Big Tech firms valuable information about potential financial services customers, such as their wealth and spending habits. Companies from Jumia in Africa to Grab in southeast Asia are trying to tap into that by providing services such as credit and payments processing.
Big Tech firms with significant financial activities could also be subject to group-wide requirements on governance, conduct of business and operational resilience, Carstens said.
Implementing \"holistic\" financial rules for Big Tech would be challenging given the sector is already overseen by data privacy and competition regulators locally and internationally, with no obvious \"lead\" regulator, he added.
Operational resilience rules are already emerging in the European Union<\/a>, Britain and elsewhere to give financial regulators oversight on the use by banks and insurers of outside cloud computing firms like Amazon<\/a>, IBM<\/a> and Microsoft<\/a> to host services.
Microsoft<\/a>'s $2 billion deal with London Stock Exchange Group in December was the latest sign of how boundaries between Big Tech and finance are blurring.
The potential benefits of Big Tech firms' entry into finance include improved customer outcomes, increased financial market efficiency and enhanced financial inclusion, Carstens said. \"It is high time to move from theory to practice and consider tangible options for regulatory actions.\"
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思考需要调节大型科技金融,国际清算银行官员说
数据丰富的阿里巴巴和亚马逊等大型科技公司已经一段时间参与金融服务,如银行、支付、资产管理和保险,也有一些为银行提供云计算运行关键服务。
伦敦:需要重新考虑如何直接监管的活动大型科技股公司在金融服务领域,鉴于其规模和影响,一位高级官员在国际论坛央行在周三说。
丰富的数据大型科技股等公司阿里巴巴和亚马逊一段时间参与了金融服务,如银行、支付、资产管理和保险,也有一些为银行提供云计算运行关键服务。
了自身规模,又能在社交媒体和电子商务意味着他们可以快速建立市场份额在金融活动中,国际清算银行的总经理卡斯滕斯的一次演讲中说。
这创建了一个他们的风险变得“太大而不能倒闭”,后一个问题与银行监管机构希望他们已经解决了在十年前金融危机救助的。
“毫无疑问,监管的反思是必要的,和我们需要一个新的路径,”卡斯腾斯说,需要添加一个新的“整体”框架,包括要求大型科技金融服务限定的其他业务。
——大批数据给大型科技公司有价值的潜在客户金融服务的信息,如他们的财富和消费习惯。公司在非洲Jumia抓住在东南亚正试图利用,通过提供服务,如信贷和支付处理。
大科技公司重大财务活动也可能受到集团要求治理,开展的业务和操作弹性,卡斯腾斯说。
实施“整体”金融规则大技术将挑战给该行业已经由数据隐私和当地和国际竞争监管机构,且没有明显的监管机构“铅”,他补充道。
操作弹性规则已经出现欧盟、英国和其他地方给金融监管机构监管的银行和保险公司使用外部云计算这样的公司亚马逊,IBM和微软主机服务。
微软的12月以20亿美元收购伦敦证券交易所集团的最新迹象是大型科技和金融之间的界限模糊。
大型科技公司的潜在好处进入金融包括提高客户的结果,提高金融市场效率和增强金融包容性,卡斯腾斯说。“这是时候从理论到实践和对监管的行为考虑有形的选项。”
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