With the introduction of the Financial Services Act (FinSA) in Switzerland, the regulatory noose is tightening for international providers of financial services to Swiss clients. Although FinSA will not be fully implemented until January 1, 2020, preparations are well underway, and affected providers will need to study up on the new rules to ensure they are in full compliance—or face punishing penalties.
In the United Kingdom under new government regulation, businesses must report their gender pay gaps. The factors contributing to these gaps are varied, but as Jayne-Anne Gadhia, the government’s Women in Finance Champion, explains, closing them is a must to tap into the full potential of all employees regardless of gender, for the benefit of not only the workers and their firms but society at large.
Financial-technology development is full of promise but is lacking one thing: talent, especially female talent. Few young women are jumping on the fintech bandwagon as a career option. There are many reasons for this reluctance, from stereotyping in elementary school to viewing a tech career as “too male”, but efforts are underway to change this attitude and bring gender diversity to one of today’s most pivotal fields of influence.
Across the world, governments are increasingly acknowledging the need to raise the levels of investment in infrastructure projects within their respective countries.