aThe EU proposal’s definition on what counts as CET 1 capital is wider than the Basel definition. Consequently, the BCBS judged that the EU definition of capital is materially non-compliant with the Basel III accord (BCBS, 2012, 12). For two reasons the definition of capital should be in...
Orange wines are white wines made like red wines. The simple definition of the style has white wines left to macerate on their skins for longer periods of time than usual, anywhere from a few days to in some cases, months. While this might produce some raised eyebrows, guffaws and the ...
They are also deemed legally binding within the EU, so long as certain conditions have been met. This is outlined within the eIDAS regulation, which was introduced in 2016. Under the ESIGN Act, electronic signatures are also allowed in all 50 US states where federal law is applicable. This...
Passkey DefinitionThe term passkey is an amalgamation of the terms password and key, a simple but subtle way of highlighting its utility as an authentication mechanism as familiar and ubiquitous as the traditional password, but invoking the imagery of reliability associated with a sturdy lock and a...
You Might Like to Read: What isTarget Market Segmentation? Definition, Types & Examples! Top FAQs About RFM How many RFM segments are there? RFM segmentation typically creates between 5 to 10 segments, depending on how you set the scoring thresholds for Recency, Frequency, and Monetary value....
In June 2021, the European Commission proposed an update to its pan-European digital identity framework that will enable every European to have a set of digital identity credentials that are recognised anywhere in the EU. In this blog, we take a closer look at eIDAS, what it is, what its...
The Colorado Privacy Act grants Colorado residents rights over their data and places obligations on data controllers and processors. It contains some similarities to California's CPRA, Virginia's CDPA, and the EU’s GDPR. While there are similarities, such as some form of a right to opt-out,...
The EU is a political and economic union of 27 countries that promotes democratic values and is a powerful trade bloc. more What Was the European Monetary System (EMS)? The European Monetary System (EMS) was set up in 1979 to foster closer monetary policy co-operation between members of the...
What Is the Simple Definition of a Tariff? A tariff is an extra fee charged on an item by a country that imports that item. What Is a Tariff Example? One of the best-known tariff examples in the U.S. is the tea tax implemented by the British on the American colonies that led to ...
Launched in 1999 as part of the EU's integration as theEuropean Economic and Monetary Union (EMU), the euro was strictly an electronic currency until the introduction of paper notes and coins denominated in euros in 2002. The euro is sometimes abbreviated as "EUR." ...