4226 Results from /regulation
Karel Nappus Co-Founder and COO at Montonio
The Baltic States—Estonia, Latvia, and Lithuania—are appealing to numerous Payment Initiation Service (PIS) providers because they serve as an entry point to the entire Single Euro Payments Area (SEPA). Traditionally, Lithuania has been the preferred European Union regulator for acquiring licences. However, it has recently adopted a stricter stanc...
07 March 2024 /payments /regulation Payments strategies 2015-2020-2030
Rodrigo Zepeda CEO at Storm-7 Consulting Limited
By Rodrigo Zepeda, CEO, Storm-7 Consulting INTRODUCTION In 2023, the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) (Bank of England (BoE)) (collectively the “regulators”) sought to engage with financial firms and other stakeholders, to discuss new proposed measures to boost “diversity and inclusion” (D&I) in f...
06 March 2024 /regulation /crypto Fintech
King Leung Global Head of Financial Services and FinTech at InvestHK
Hong Kong has a well-established playbook of why it’s a leading international finance centre. We have competitive and low tax structures, free flow of capital, access to the Greater Bay Area (GBA), fair and effective markets. It is a list many of us are familiar with and the reason why we have a thriving ecosystem of around 1,000 fintech companie
06 March 2024 /regulation /markets Asia Financial Services
Francesco Fulcoli Chief Compliance and Risk Officer at Flagstone
Francesco Fulcoli - Chief Compliance Officer The UK's financial regulator has sent a serious warning to financial institutions after identifying widespread failings in how firms are preventing money laundering. In a letter to the chief executives of regulated firms, the Financial Conduct Authority (FCA) outlined common weaknesses it has found th...
06 March 2024 /regulation /crime Fintech
By Rodrigo Zepeda, CEO, Storm-7 Consulting INTRODUCTION “Complicated as hell.” That is how I would summarise new proposed regulatory measures to boost “diversity and inclusion” (D&I) in financial services. In 2023, the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) (Bank of England (BoE)) (collectively the “reg...
05 March 2024 /regulation /crypto Fintech
Harriet Christie Chief Operating Officer at Mirrorweb
The Financial Industry Regulatory Authority (FINRA) recently released its annual regulatory oversight report for 2024. This has been shared to provide firms with key insights and observations from the regulator’s recent operations, with the aim of improving transparency and strengthening compliance programs for businesses in the finance sector. ...
26 February 2024 /regulation /wealth RegTech
Steven Rackham CTO for Financial Services at NetApp
The enforceable deadline for DORA is now under a year away and organisations in the FS sector are in a difficult position. Preparing for any change in regulation is hard enough, but with the European Banking Authority yet to publish the final technical specification or a list of critical IT providers, businesses are effectively still in the dark i...
22 February 2024 /regulation /cloud Banking Regulations
Retired Member
In an era where digital transactions are the backbone of the global economy, ensuring the integrity and transparency of information on cross-border payments and card transactions has become critical for governments worldwide. Recognizing this, the European Union took a significant step on 18 February 2020, when the Council adopted a legislative p
22 February 2024 /payments /regulation Banking
John Bertrand MD at Tec 8 Limited
EU mandatory regulations for instant credit transfers within the Single Euro Payments Area (SEPA) are right on the money. The key requirement is verification of payee. Today this is absent in the UK, apart from ten mandated banks plus a few more. IBAN (International Bank Account number) is being supplemented to identify the actual owner of the ac...
21 February 2024 /payments /regulation Banking Strategy, Digital and Transformation
Craig Butterworth Chief Commercial Officer at Droit Fintech
As I spend my days meeting with clients, chatting with partners and speaking at conferences, I've noticed a considerable shift in attitudes towards pre-trade controls. There is a tacit acknowledgement that regulators are preparing to crack down in this area. In effect, regulators, led by the UK’s PRA (and soon to be followed by the Fed and ECB), w...
21 February 2024 /regulation /markets
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