Comment on Open Banking and Payments CompetitionparentComments−marcus_holmes1yThis is not the problem. If it was the problem then banks in (most of) the rest of the world would also be stuck 50 years in the past. They're not.−astrange1yOther countries' banks don't have the US regulatory environment.−marcus_holmes1yYes, they do. The UK and Australia (examples I know) have equally stringent regulatory environments as the USA.
Comments
This is not the problem. If it was the problem then banks in (most of) the rest of the world would also be stuck 50 years in the past. They're not.
Other countries' banks don't have the US regulatory environment.
Yes, they do. The UK and Australia (examples I know) have equally stringent regulatory environments as the USA.