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Francesco Fulcoli - Chief Compliance Officer The UK's financial regulator has sent a serious warning to financial institutions after identifying widespread failings in how firms are preventing money ...
By Rodrigo Zepeda, CEO, Storm-7 Consulting INTRODUCTION “Complicated as hell.” That is how I would summarise new proposed regulatory measures to boost “diversity and inclusion” (D&I) in financial ...
The Financial Industry Regulatory Authority (FINRA) recently released its annual regulatory oversight report for 2024. This has been shared to provide firms with key insights and observations from the...
The enforceable deadline for DORA is now under a year away and organisations in the FS sector are in a difficult position. Preparing for any change in regulation is hard enough, but with the European ...
In an era where digital transactions are the backbone of the global economy, ensuring the integrity and transparency of information on cross-border payments and card transactions has become critical
EU mandatory regulations for instant credit transfers within the Single Euro Payments Area (SEPA) are right on the money. The key requirement is verification of payee. Today this is absent in the UK,...
As I spend my days meeting with clients, chatting with partners and speaking at conferences, I've noticed a considerable shift in attitudes towards pre-trade controls. There is a tacit acknowledgement...
Card schemes were planning to increase fees, according to reports last autumn. Then the UK Payment Systems Regulator (PSR) announced in December 2023 provisional proposals to introduce a price cap fo...
Andrew Bailey is under pressure. While there’s been progress in getting UK inflation down, it’s too early to declare victory, just yet. If they cut interest rates too soon and too rapidly—they risk a ...
High, medium or low? What does it mean? Does anyone know? This concept of risk appetite as a means to set a risk management strategy has, I must admit, baffled me since it first started to creep in...
In the financial services sector, Anti-Money Laundering (AML) continues to be a topic of intense debate. Discussions oscillate between advocating for stricter regulations and questioning the extent of...
In an era of rapid technological innovation, the landscape of payment authorization is changing. The Reserve Bank of India (RBI) recently highlighted the necessity to look at alternatives to One-Time ...