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Discussion around current trends in regulations for banks globally
Last week I represented The Banking Scene at 5th NPF and Regtech Leaders Forum, a boutique conference in the middle of Brussels, with about 75 participants. The Banking Scene was a media partner at th...
After the 2008 crisis, financial institutions faced a mountain of new regulations and related challenges around data collection, monitoring and reporting. Hundreds of Regulatory Technology (RegTech) s...
Revise Payment Service Directive (PSD2) is a new regulation provided by EU Directive, administered by the European Commission (Directorate General Internal Market) to regulate payment services and pay...
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was introduced in 1990 by the Financial Services Authority, the UK’s financial services regulator at the time (since superseded by the FCA and PRA).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 a...
The nationalization of Banks in 1969 paved the way for growth of banking business in the country with improvement in economy. Banking was perceived as a lucrative white collar job with security and re...
Implementing a Client Lifecycle Management program is strategically important. However, it is one that spans many different stakeholders across the business, bringing with it many obstacles and challe...
Within the last ten years, the global financial market has seen a huge increase in the number of regulations to attempt to introduce more transparency and accountability to financial institutions. Thi...
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, Fren...
To combat the accelerating speed of change, there is a growing need for a step change that leads to more productive and smarter humans. The barrier to this transition is knowledge needed by humans, wh...
As the clock counts down to when Financial Institutions (FIs) must be ready for external testing for PSD2 open banking it is interesting to see how ready, or not, all other parties are in the value ch...
On the same day that the prosecution rested its case against Paul Manafort, the U.S. Attorney’s office in Tucson, AZ got a seven-year sentence against a fraudster for a money-laundering scheme; a for...
In November 2016, the Bank of England (BoE) published the results of its 2016 banking stress tests which measured the resilience of UK’s major banks’ balance sheet in adverse scenarios. These incorpor...