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This network is for financial professionals interested in staying up to date on financial services regulation happening anywhere in the world. CFOs, bankers, fund managers, treasurers welcome.
Regulatory Demands on the Rise In financial services, regulatory demands continue to increase along with the pressure from regulators. For example, year after year Anti-Money Laundering (AML) requirem...
There's been a vigorous debate recently about data in financial services and who it belongs to. At the Vendorcom conference last month it featured high on the list of concerns especially as more and m...
Coming into force on May 11th, 2018, FinCEN’s Final Customer Due Diligence (CDD) Rule (i.e. FinCEN Final Rule (CDD)) will bring in sweeping new changes to how financial institutions collect, maintain ...
Background 11.5 million documents, a staggering number, were leaked from Panamanian law firm ‘Mossack Fonseca’ in 2015. The contents of these documents, mostly financial information about wealthy indi...
It’s been nearly a decade since the financial crisis of 2008. However, the Comprehensive Capital Analysis and Review continues to be an ever-evolving process. Trends for 2017 and 2018 show that the Fe...
This week's CSFI (Council for the Study of Financial Innovation) discussion between representatives from the Bank of England, VC Illuminate Financial and Kompli-Global, an intelligent KYC/AML utility,...
We live in an age where the threat of cyberattacks is seemingly imminent. As a result, many firms in the financial services and banking industries have stepped their game up and created specific secu
In June Banco Popular Espanol (“BPE”) was sold to Santander for €1, with Santander taking over all the assets and senior liabilities of BPE. Crucially BPE depositors with over €100,000 in their accoun...
Blockchain & Distributed Ledger Technology? Digital currencies like Bitcoin and Ethereum are what most people think of when they hear “blockchain”, but alternative uses for blockchain and distri
It depends on who is answering that question. Really!! It is a single uniform regulation at the ECB (European Central Bank) level with clearly spelt our coverage. To ECB’s credit they have given compr...
Twelfth Night starts with a shipwreck. Emma Rice’s production at The Globe was magical: Shakespeare would have applauded. Superb were Feste, the wise fool, and Malvolio, the whistling regulator. The...
It has now been 500 days since the consultation period closed on 18 March 2016 for FCA Discussion Paper DP15/7 "Our approach to SMEs as users of financial services." At present, the provisio...