/regulation & compliance

News and resources on regulation, compliance, legal and governance issues for banks and fintechs.

Hamish Monk

How to prepare for DORA

Hamish Monk - Writer - Finextra
Discussion
UK payment firms push back on APP fraud refund plan
A Finextra Member

A Finextra member

  I think you'll find it is Bim Afolami. Also, if the average fraud is 30K, firms are unlikley to be paying out more than that in practice. Given this, the up to 415K limit will be exceptional, so there doesn't appear to be a justification for not keeping it. 
Bankers Beware - All that is green is not gold - A view through the Risk Management Lens
Ketharaman Swaminathan

Ketharaman Swaminathan

  More on Alberta - Shell Carbon Credit Financial Engineering here. 
Bankers Beware - All that is green is not gold - A view through the Risk Management Lens
Ketharaman Swaminathan

Ketharaman Swaminathan

  I've been exploring a "green solution" for cooling at my apartment based on Solar AC. I haven't found any core engineering solutions for 15+ years. Whereas I can set up "Green AC" overnight by resorting to financial engineering. IME most green projects are green by financial engineering rather than operations e.g. chopping 1000 trees on the path of new metro and committing to plant 1000 trees somewhere else; driving an EV to avoid polluting pollute roads and producing the electricity required to charge the batteries by burning fossil fuels at a power plant elsewhere; buying carbon credits to offset carbon emission caused by AI datacenters instead of running the AI datacenters natively on renewable energy. No telltale signs required! Whenever in doubt, bankers can assume that green projects involve financial engineering and adopt Financial Engineering best practices for Green Loan Risk Management!! 
Bankers Beware - All that is green is not gold - A view through the Risk Management Lens
Saloni Ramakrishna

Saloni Ramakrishna

  Thank you sir. Given your experience, can you please suggest some tell tale indicators that Bankers can watch out for to spot financially engineered projects, in the context of green financing?