4234 Results from /regulation
Tejasvi Addagada Enterprise Data Head at Fortune 500 financial service provider
Accuracy measures the degree to which data represents the real-world entity in this case a person, organization, or Source from where we know it has originated. Measuring data quality is possible if the characteristics of its physical and contextual existence are well understood. These characteristics of data can be translated into data quality rul...
02 August 2020 /regulation /identity Analytics in Banking
Alan McIntyre Transaction Reporting SME at Strait Downstream Ltd
Do you remember when Brexit dominated almost every element of the daily discourse? Every headline, every TV news story, every social media link involved the B-word. Half of all conversations touched upon or outright focussed on the latest B-news. You could barely look a computer, a billboard or dare I say a bus without seeing B-stuff. It was almo
31 July 2020 /regulation
Retired Member
In a recent post, we explored how Asset Servicing (AS) firms are grappling to meet their clients’ and investors’ fast-evolving digital service and real-time reporting expectations. The underlying reason that so many Transfer Agents (TA) and Fund Administrators (FA) are not in a position to offer appropriate digital services is as much cultural as i...
29 July 2020 /regulation /devops Banking Strategy, Digital and Transformation
Gareth Mahoney Head of Compliance at Moorwand
Gareth Mahoney, Head of Compliance at Moorwand After uncovering a range of issues during recent visits to over 100 e-Money and payments institutions, the FCA published its latest ‘Dear CEO’ letter. The letter took a completely different approach to usual. Instead of focusing on a single area and then pushing for full compliance, the FCA broke dow...
27 July 2020 /payments /regulation
Claus Christensen CEO at Know Your Customer
Traditionally, a digitisation project at a financial institution has been a unique opportunity to shape the way entire teams work, introducing procedures and systems that would stay in place for a long time. But this was before 2020. Since the beginning of the pandemic, financial institutions had to adapt to new challenges at an extraordinary spee...
27 July 2020 /regulation /covid-19 Innovation in Financial Services
Saloni Ramakrishna Author; Senior Director at Oracle
Tracing the evolving banking scenario in and around the pandemic, through the lens of “shrunken transactions” a harbinger in many ways. The intensity of the impact may vary, but both individuals and businesses of all sizes and shapes have been thrown into a vortex. Last blog* I touched upon margin compression and its impact on P & L books ...
27 July 2020 /regulation /covid-19 Banking Strategy, Digital and Transformation
John Cant Managing Director at MPI Europe Ltd
I have nothing against Harrogate, well not consciously at least. However, over recent months there has been much discussion about unconscious bias in many walks of life - including mention in this article about data used for algorithms. So let's consider the role that preparation of data for regulatory uses might have, and where issues exist, what...
24 July 2020 /regulation /crime Data Management and Governance
Stephan Wolf CEO at Global Legal Entity Identifier Foundation
The crucial role of the LEI in the EC’s AML-CTF legislative reforms In May 2020, the European Commission put forward a series of measures designed to strengthen the EU's fight against money laundering and terrorist financing, including an Action Plan for legislative reform of the EU’s AML-CTF framework in early 2021. Against a backdrop of rising c...
24 July 2020 /regulation
An ever-evolving regulatory landscape has posed major challenges for financial services firms in recent years. But the move to remote working, prompted by the COVID-19 pandemic, has posed a completely new set of compliance challenges. Although lockdowns are now easing, financial services businesses have realised that even with their teams largely...
24 July 2020 /regulation /people Innovation in Financial Services
As we slowly emerge from our socially distanced bubbles and contemplate the view beyond our own back garden towards the wider world again, we thought to cast our eyes stateside. More specifically, towards the North American regulatory reporting landscape. So why is that piquing our interest in particular? Well, pre-lockdown, quite a lot happened to...
22 July 2020 /regulation /markets
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