Reporting/compliance

198 articles tagged with this keyword

/markets

CMA outlines competition concerns with AI Foundation Models

The Competition and Markets Authority (CMA) has identified key risks to fair competition in AI Foundation Models (FMs), growing concerns as AI rapidly develops in the financial industry.

/people

Lloyds Bank cuts risk dept headcount

UK high street bank Lloyds Bank is reducing the size of its risk management department because it is seen as a “blocker” to the bank’s “strategic transformation”.

/startups

China central bank launches $70bn tech lending programme

The People's Bank of China (PBoC) has announced a re-lending scheme designed to boost the country's science and tech sector.

/crime

Google sues crypto scammers using Play Store to lure victims

Google is suing two app developers who lured victims into downloading fraudulent investment apps on the Google Play Store.

/markets

Iosco to examine business models of ever-expanding exchanges

The International Organisation or Securities Commissions (Iosco) has launched a consultation paper to examine the risks associated with the evolving business models of stock exchanges and other market infrastructures.

/regulation

US and UK sign agreement to regulate AI models

The governments of the UK and US have signed what they claim is the first international bilateral agreement to regulate the risks of artificial intelligence (AI) models.

/regulation

Indigita and Prometeia launch ESG e-learning course

Swiss regtech company Indigita SA, in collaboration with the global advisory firm Prometeia, announces the launch of a new e-Learning course focusing on Environmental, Social, and Governance (ESG) scoring.

/regulation

Russia-linked fintechs hit with US sanctions

The US government has imposed sanctions on 13 fintechs for offering crypto-based services to Russian firms looking to evade the economic restrictions in place since the outbreak of war in Ukraine.

/cloud

NICE Actimize launches cloud-based record management solution for compliance

NICE Actimize, a NICE (NASDAQ: NICE) business, today announced the launch of ARCHIVE-X, a cloud-based, all communications-in-one archiving and records management solution for financial services firms.

/Reporting/compliance

APP Fraud Liability: A Guide for Banks

558 downloads

/sustainable

How redefining value in decision making helps the planet

To achieve a sustainable future, integrating financial, natural, social, and human capitals equally into financial systems is crucial. In a conversation with Richard Peers from Responsible Risk, Mark Gough, Chief Executive Officer of Capitals Coalition, discusses redefining value and transforming global decision-making processes to tackle challenges such as nature loss, inequality, and climate change. They stress the significance of contextualized information and measurements for value assessments, highlighting the need for collaboration, integration, and transparency to effectively address complex challenges in the green transition.

/predictions

Responding to regulations: AI solutions boosting operational resilience in 2024

In anticipation of upcoming banking regulations, such as the EU's 2025 deadline, Sumant Kumar, CTO, Banking and Financial Markets, NTT DATA UK&I, provides insights into the impact of artificial intelligence on operational resilience for the year ahead. As a part of our Predict 2024 series, we explore how banks can deploy predictive AI to enhance operational efficiency, alongside the modernisation of infrastructure through converting legacy code with generative AI. We discuss how banks can employ supply chain risk management with the support of operations, improving both customer experience and security in the year to come.

/crypto

Celsius to exit bankruptcy with $3 billion payout

Cryptocurrency company Celsius Network has begun a $3 billion payout in an approved plan to exit bankruptcy.

/regulation

Bank of England governor Andrew Bailey embraces AI - BBC

Governor Andrew Bailey confirms House of Lords' view that the AI technology should be seen as a positive, rather than a risk to business.

/regulation

JP Morgan to pay $18 million for violating whistleblower protection law

The Securities and Exchange Commission (SEC) has charged JP Morgan $18 million for obstructing clients and brokerage customers from reporting breaches of law to regulatory authorities. The payments giant has agreed to pay the penalty charge.

/people

SEC charges Morgan Stanley and former exec with fraud in block trading business

Morgan Stanley have agreed to pay $249 million to settle fraud charges and for failing to enforce information barriers in connection with the bank's block trading practices.

/regulation

NatWest debanking review finds possible violation of FCA rules

A second debanking review revealed that NatWest has potentially violated Financial Conduct Authority (FCA) regulation.