With more than 8 in 10 Americans using digital finance, protecting consumer access and privacy and fostering a safe, trustworthy ecosystem is of paramount importance.
Companies are feeling the pressure to report on the progress of their environmental, social, and governance (ESG) initiatives. Governments have set strict regulations to steer the world toward net-zero goals. While these regulations vary by region, one goal that's been widely adopted is to reach net zero in carbon emissions by 2050, originally set in the Paris Climate Agreement. To meet this target, major banks, including Bank of America, Deutsche Bank, Goldman Sachs, JP Morgan Chase, Morgan Stanley, and CitiGroup, have publicly outlined specific emissions benchmarks to meet by 2030. Read on to learn more.
It's likely that laws and regulation will be enacted in 2023 that will rein in cryptocurrency-related companies and banks' involvement with such companies. Georgia Quinn, general counsel, and Rachel Anderika, chief risk officer at Anchorage Digital, share the rules they think should apply.
The banking industry is in a period of constant change and opportunity. Banks recognize that digital acceleration is the key to addressing both organizational and market changes, but executing that change can cause confusion: where to start? What does the process look like? Who should be involved?
