The Financial Services Commission is expected to announce next week that all four consortiums vying for South Korea’s fourth internet-only bank license will be denied preliminary approval, citing insufficient innovation and inclusiveness, amid regulatory uncertainty and industry skepticism.
#YonhapInfomax #FinancialServicesCommission #InternetOnlyBank #PreliminaryApproval #Innovation #Consortiums #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=81422

@jerry with little to no pushback from recent ellison statements what is a non island owner meant to think #how to build your own moat #consortiums #unholy alliances with fast food ai pricing #queen's gambit

Industry standard boards along with corporate consortiums (and priesthoods) function as benevolent cartels.

#industry #standards #corporates #consortiums #clergy #church #state #cartels #plazas #competition #rulemaking #sensemaking