Operational risk

News/regulation

Westpac blames technology and human error for AML failure

Australian bank Westpac has blamed the failure of its anti money laundering (AML) processes on a mixture of technology and human error rather than any intentional wrongdoing, according to a report commissioned by the bank's former chairman Lindsay Maxsted.

04 June 2020

News/cloud

Using governance to accelerate cloud migration in financial services

Financial institutions have the opportunity to enhance traditional governance processes by building a well-structured cloud service assessment from the ground up, to help demonstrate regulatory compliance when moving to the cloud.

22 May 2020

News/regulation

FCA: LIBOR’s tough legacy contracts are a ‘knotty problem’

Speaking at the Association of Corporate Treasurers’ International Treasury Week, Edwin Schooling Latter, director, markets and wholesale policy, FCA, said firms must push forward with LIBOR departure projects despite uncertainties regarding certain LIBOR linked loans.

13 May 2020

Research/Operational risk

How to Adopt SWIFT gpi by the 2020 Deadline - Build, Buy, Outsource or Collaborate?

08 April 2020 693 downloads

Research/Operational risk

The Information Advantage: Driving Opportunities and Mitigating Risk in a Hyper-Connected World

09 March 2020 417 downloads

News/regulation

Piercing the LIBOR veil: Concern brews over looming deadline

While financial institutions across the market remain outwardly confident about their LIBOR transition strategy, uncertainty continues to surround the feasibility of achieving the migration within proposed deadlines.

02 March 2020

News/Operational risk

FCA reports a drop in suspicious transactions

The number of suspicious transaction and order reports (STORs) recorded by the UK's Financial Conduct Authority (FCA) has reduced for the first time since records began in 2016

28 February 2020

News/cloud

Success in the cloud: Strategic insights and best practices

The cloud is now the new normal and financial institutions are harnessing and deriving value from the massive amount of data that they possess. Finextra Research’s latest report in association with Amazon Web Services highlights that technology needs to be adopted as quickly, easily and cost-effectively as possible, for scale and flexibility.

21 February 2020

News/Operational risk

Australia extends fintech sandbox remit after long wait

By passing the Treasury Laws Amendment (2018 Measures No. 2) Bill 2019 on Monday, the government has extended the scope and timeframe fintechs can spend on the existing framework.

12 February 2020

News/sustainable

Triodos Bank CEO: 'Bankers should be eco-warriors'

Presenting at the Bristol Distinguished Address Series, Dr Bevis Watts, chief executive of Triodos Bank UK spoke on the essential role banking must play in driving action on climate change.

31 January 2020

Research/Operational risk

The Future of Cybersecurity: 2020 Predictions

28 January 2020 721 downloads

News/sustainable

Davos 2020: Refinitiv launches sustainable data alliance

Announced at the World Economic Forum, Refinitiv will join forces with influential global bodies to create a first-of-its-kind alliance to monitor sustainable finance through data.

22 January 2020

News/sustainable

Betting on AI to reduce risk in sustainable investment

The quest toward improving corporate sustainability is mired by uncertainty: uncertainty of emissions volume, extreme weather events, timing of such events, and inevitably, the toll they may take on investment. This uncertainty is regarded by investors as risk.

22 January 2020

News/retail

Metro Bank launches cash delivery services for SMEs

Metro Bank has begun accepting registrations for its on-demand cash collection and delivery service for SMEs across the UK.

16 December 2019

News/sustainable

Disclosing sustainability does not guarantee sustainability

81% of banks are disclosing information on progressive climate-related public policy. According to a report by Boston Common Asset Management, this is a slight increase from 71% in 2018.

05 December 2019

News/sustainable

The impact of climate risk on investment decisions and disclosure law

Climate change is predicted to cost 200 of the world’s largest companies $1 trillion over the next five years, according to a survey conducted by the charity CDP. But should the financial services industry be concerned? The answer is yes and for two fundamental reasons: the impact on investment and disclosure laws.

21 November 2019

News/regulation

UK charges ahead with legal certainty for smart contracts and cryptoassets

In a landmark statement, the UK Jurisdiction Taskforce of the Lawtech Delivery Panel today set out the recognition of cryptoassets as tradable property, and smart contracts as enforceable agreements under English Law.

18 November 2019

News/sustainable

De-risking sustainable reporting of commercial banking data

While the Sustainable Development Goals (SDGs) set by the United Nations General Assembly for 2030 are ambitious, the financial services industry will play a crucial role in supporting countries with implementing new approaches to build momentum and accelerate progress.

12 November 2019

News/sustainable

Banks must adopt decarbonisation strategy ahead of imminent climate crisis

The influx of green banking initiatives and risk management tools has done little to remedy the expansion of fossil fuel financing and commercial attitudes remain unchanged as we move forward towards what is now a climate crisis, according to Boston Common Asset Management’s 2019 report.

11 November 2019

News/sustainable

SustainableFinance.Live - a new event series

Finextra Research and ResponsibleRisk are collaborating with change agents in the sustainable finance arena to showcase a programme of content, workshops and conferences.

08 November 2019