There's been a lot of talk in recent days that what we need isn't more regulation of banking and business in general, but "smart" regulation. It seems to me that we also need more regulation, but we certainly need to make sure whatever is imposed is also as technologically sophisticated as the financial transactions it's meant to monitor!
One Internet innovation, automated data feeds, might simultaneously meet the smart regulation requirement, improve banks' internal operating efficiency, and even win back public...
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