Karim Ben-Jaafar SVP, Software Solutions at Quadient
In the last few years, we’ve seen audit errors cause serious consequences. These aren’t simple fines for late accounts: it’s been impossible to ignore a string of names from the worlds of fashion (Superdry) and advertising (M&C Saatchi) having shares suspended by stock exchanges after missing auditing deadlines. This bigger-picture impact – c...
29 November 2023 /regulation Financial Transformation
Cody Lott Director, NA Corporate and REIT Solutions at Clearwater Analytics
In the ever-evolving landscape of global finance, institutions find themselves managing reporting challenges against changing currency markets, a surge in the U.S. dollar and geopolitical events. As the year comes to a close, the complexities associated with these dynamic conditions demand a closer look. Institutions can glean valuable insights fr...
27 November 2023 /regulation
Stephan Wolf CEO at Global Legal Entity Identifier Foundation
The obligations on legal entities to increase their corporate transparency continue to evolve, most notably in ESG and financial reporting. For ESG to be truly credible, however, both as a subset of financial reporting and as a standalone requirement, a global climate information architecture is sorely needed. Creating such an architecture, howeve...
24 November 2023 /regulation /identity Regulatory Reporting
Helen Child Founder at Open Banking Excellence
The PSD2 was a truly historic piece of legislation that laid the foundations for a paradigm shift in financial services. The blockbuster Payment Services Directive 2 planted the seeds for Europe’s thriving Open Banking ecosystem. Now we’re awaiting a sequel. When the PSD3 comes into force at some point in the next five years, it will unlock vast n...
24 November 2023 /payments /regulation Open Banking
Nick Green Director at Purple Patch Broking Ltd
Despite the risks and compliance issues, a worrying number of lenders grapple with incomplete and inaccurate data. The consequences influence everything from individual decision-making to broader consumer impacts, culminating in defaults and fluctuating profits. This disparity gives rise to a data divide: ● On one side, we have lenders harne...
23 November 2023 /regulation /retail Financial Supply Chain
Helena Wood Director of Public Policy at Cifas
Money laundering is the lifeblood of organised criminals – put simply, without the ability to move and convert criminal proceeds into “clean” money to fund further crime and the lavish lifestyle criminals aspire to, organised crime gangs cease to function. It has long been known that organised fraud gangs rely heavily on the use of networks of so-c...
22 November 2023 /regulation /crime Exposing Financial Crime
Kiran Komma Senior Domain Consultant at Tata Consutlancy Services
The securities lending market is vital to the healthy functioning of securities markets globally. Securities lending improves market liquidity, price discovery, and enables timely trade settlement but an opaque securities lending market and limited availability of securities lending data publicly are big concerns to the regulators. In alignment wi...
22 November 2023 /regulation /wholesale Regulatory Reporting
Mireia Tomàs Marketing Manager at Triple
PSD3, the anticipated upgrade to PSD2, emerged in late 2018, marking a regulatory stride five years after PSD2's introduction. The renewed Payment Services Directive aims to encompass a broader scope than its predecessor, reflecting the ever-evolving landscape of electronic payments and the entrance of new providers offering open banking services....
22 November 2023 /regulation Financial Services Regulation
When it comes to credit data contracts, negotiating price is just one element. Aspects like contract flexibility, technological adaptability, and capped RPI strategies can dramatically influence your competitive edge and operational efficiencies. Unfortunately, there’s a catch. Understanding the options available to you remains opaque. The good new...
21 November 2023 /regulation /retail Financial Supply Chain
Data is one of the most valuable assets, transforming industries in unprecedented ways. Among these industries, are finance and payments where data plays a critical role. This blog post will discover the new Mastercard Mandate and its implications for banks and fintech companies. What is AN 4569 Revised Standards? When we talk about AN 4569 we are...
20 November 2023 /regulation Financial Services Regulation
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