Banking Regulations

The wild world of regtech

21 Feb 2019

The global regtech market is exploding. By 2023 revenues are expected to be worth $12.3 billion, growing at a compound annual growth rate of 25.4% over the next five years[i]. The pace at which it is evolving has even led Deloitte – who we are proud to be collaborating with on some new client engagements – to call regtech “the new fintech”[ii]. Th...

Banking Regulations

Data analytics could be the key to making sense of principles-based regulations

08 Oct 2018

Knowing the rules Principles-based regulation was introduced in 1990 by the Financial Services Authority, the UK’s financial services regulator at the time (since superseded by the FCA and PRA). The approach has since found widespread support among regulators elsewhere, adopted to varying degrees by those from the Hong Kong’s SFC to France’s AMF. ...

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Banking Regulations

The real reason behind large U.S fines levied against EU firms

13 Sep 2018

Our economic crime data reveals that in the last three and a half years*, 90 percent of global fines (total $14 billion) were issued by United States (US) regulators. Of note is the fact that UK, French, German and Swiss banks, with branches stateside, paid nearly 40 percent of the total fines relating to economic crime in the US. Some have viewed...