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Discussion around current trends in regulations for banks globally
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Joris Lochy Product Manager at Intix | Co-founder at Capilever
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 banks' responsibilities in overseeing (policing) financial transactions. AML regulations are pivotal in preventing the use of financial institutions...
13 February 2024 /regulation /crime
Vlad Dobrynin Founder & CEO at Humans Group
Soon, all companies, regardless of their business area, will have to engage with fintech. Back in 2020, this was the forecast presented by analysts at the Andreessen Horowitz venture capital fund. For instance, taxi and delivery aggregators are creating their own payment services, financial transfer systems are being integrated into messengers, gi...
05 December 2023 /payments /predictions
When discussing the dynamic world of Fintech, particularly in the context of neo-banks and payment Fintechs, licenses play a crucial role. This regulatory aspect, while less glamorous than cutting-edge user experiences, is a fundamental component of the Fintech ecosystem. Unfortunately, it often does not receive the attention it deserves in Fintec...
02 November 2023 /regulation /retail
Maysam Rizvi CEO at Elifinty
In recent years, there has been a continual rise in base rates, which began in December 2021 and is expected to continue into 2024. At first glance, these increases appear as calculated policy decisions designed to slow down demand for goods by increasing the cost of borrowing whilst incentivising people to save. However, in the real world, these...
18 September 2023 /payments /inclusion
Luigi Wewege President at Caye International Bank
The dawn of the digital era brought with it many exciting advancements in technology, but it also ushered in an era of increasing complexity in the world of compliance. In a time of unparalleled regulatory change, businesses need to be more adaptable, vigilant, and proactive than ever. Fortunately, with the emergence of Regtech and the innovations...
18 August 2023 /security /regulation
Mete Feridun Chair at EMU Centre for Financial Regulation and Risk
The Basel Committee on Banking Supervision (BCBS) issued a public consultation on revisions to the Core principles for effective banking supervision ("Core Principles") on 6 July 2023, reflecting supervisory developments and structural changes affecting the banking system since the previous update in 2012 in six areas: financial risks; o...
08 July 2023 /regulation /retail
Steve Morgan Banking Industry Market Lead at Pegasystems
Bringing together two financial organisations to offer better value to customers, greater organisational efficiencies and to be a platform for ongoing innovation is quite simply the toughest challenge any financial institution has to face. Notwithstanding the regulatory scrutiny, there are so many moving pieces to work with and you need to minimis...
05 July 2023 /payments /regulation
Daniel Schlaepfer CEO at Select Vantage Inc
A new report from Acuiti Management Intelligence has found that almost half of EU and UK-based proprietary trading firms are considering moving to a different jurisdiction to avoid increasingly burdensome regulation. The report also found that a quarter of the firms surveyed are looking at potentially giving up their Mifid II licenses and exiting ...
05 June 2023 /regulation /markets
Johnny Steele Head of Banking, UK & Ireland at SAS
The PRA’s new supervisory statement extends banks’ model risk management obligations “across all models” - not just capital and stress testing. What steps must banks take to comply? Despite last year’s government pronouncements about rolling back restrictions and cutting through red tape, 2023 is already looking like a big year for regulatory chang...
25 May 2023 /regulation
Retired Member
The increasing availability of data in the finance industry provides firms with the opportunity to gain deeper insights into market trends, customer behaviour, and exposure to risk. With the help of advanced analytics and machine learning, finance firms can use this data to improve their decision-making processes, increase efficiency, and ultimate...
24 May 2023 /security /crime
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