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Financial Services Regulation

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.

originally founded 01 Jul 2010

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Nick Green Director at Purple Patch Broking Ltd

A quick look at the data requirements for the 6th Anti-Money Laundering Directive 6AMLD

6AMLD: A quick look at the data requirements for the 6th Anti-Money Laundering Directive (6AMLD) Anti-Money Laundering (AML) is one of the most intense areas of financial regulation. With the development of money laundering crimes constantly evolving, the steps firms take to prevent these crimes are often insufficient. With the 6th Anti-Money La...

09 April 2021 /regulation /retail

Maximilian Dyck

Automating regulatory reporting - the case of IFR

Automation technology has changed the world in more ways than one. Smart phones can recommend music choices based on listening patterns, while self-driving cars are becoming reality. Better automation can also significantly transform supervision and regulatory reporting at financial institutions. With the regulatory burden increasing, new technolo...

26 March 2021 /regulation

Corinne Jones Marketing Manager at Suade Labs

Operational Risk: The Tech Solution

Dr Maximillian Dyck, Paralegal, Suade Labs COVID-19 has brought sound operational risk practices into focus around the world of business. Operational risk is the risk of loss from failures in internal processes. As COVID-19 disrupted our day-to-day lives, businesses closed their offices. Collaboration among employees suddenly became a challenge ...

08 March 2021 /regulation /covid-19

John Bertrand MD at Tec 8 Limited

A Rude Awakening: fraudsters are now fearless

Faster payments is the fraudsters’ preferred method of payment as the money arrives almost immediately in the payee’s account. To receive that payment therefore, the fraudster has to open a bank account. The current dysfunctionality is each bank holds the client’s information in confidence and does not share insights on risk on that account to oth...

08 March 2021 /payments /crime

Alan Blanchard Country Head UK at Apiax

Cross-border banking in the digital age

The legal and reputational risks associated with providing cross-border financial services have risen sharply in recent years. Current national lockdowns and travel restrictions, alongside major regulatory upheaval, such as Brexit, are only adding to the challenges facing global banks. With bankers, wealth managers, asset managers and other financ...

04 March 2021 /regulation /wealth

Garima Chaudhary Head of Fin. Crime Solution Consulting at Oracle

Fight Money Launderers and Protect Wildlife

Money Laundering and Its Impact on Wildlife Every year, the illegal wildlife trade—which includes the smuggling, poaching, capture, and collection of endangered species and protected wildlife—threatens many animal species with extinction. Demand for rhino horn—which is more expensive than gold—resulted in the extinction of Africa’s western black r...

20 January 2021 /regulation /crime

Anna Monteiro Global Head of Business and Product Development at www.solutions-atlantic.com

Rounding out 2020 Foreign Direct Investment Regulations

Now that we have seen a close to 2020, let’s take a look at foreign investment changes around the globe. Following on from my 2nd installment in September, foreign investment regulations have continued to tighten in the more democratic nations and loosen in those less so. In November, the UK government introduced the National Security and Invest...

14 January 2021 /regulation /markets

Darragh Pelly COO at Reitigh Software

How financial services companies can become change makers

Change is the only constant in the financial services sector. This has long been the case; however, the coronavirus crisis has put it on a level like nothing else we have ever seen before. The implications of the pandemic have been far reaching. Falling credit ratings reduced the world of investment grade bonds, face-to-face selling became imposs...

11 December 2020 /regulation /cloud

Retired Member

How to Simplify New Beneficial Ownership Disclosure Rules

The United States has stepped up its anti-money-laundering practices after taking some heat. In the Financial Action Task Force's 2016 mutual evaluation, the group found: Lack of timely access to adequate, accurate and current beneficial ownership (BO) information remained one of the fundamental gaps in the US. [1] As a result, the United States re...

09 December 2020 /regulation /crime

Anna Monteiro Global Head of Business and Product Development at www.solutions-atlantic.com

SEC 13F THRESHOLD PROPOSAL MAY BE DOWN BUT NOT YET DEAD

On 10 July 2020, the SEC released for comment a proposed rule that would change the reporting threshold for Form 13F from $100 million to $3.5 billion for institutional investment managers. The SEC thought it was a good time to increase the threshold which was established 45 years ago to reflect the change in size and structure of the U.S. equitie...

18 November 2020 /regulation /markets