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Latest /regulation expert opinions

John Bevil

John Bevil Product Director, Capital Markets at Xceptor

How to automate your 'offline' reconciliations

Efficient and accurate reconciliations are critical for ensuring data consistency, enhancing client satisfaction, and reducing operational risks, primarily where multiple copies of the same trade data are held across financial institutions and their customers. Within the financial service industry, large-scale reconciliations platforms competently ...

/regulation Data Management and Governance

Steve Morgan

Steve Morgan Banking Industry Market Lead at Pegasystems

What EU 6th AML/CFT Rules Mean for Banking Technology

While Ukrainian war sanctions have dominated the debate about how banks should tighten KYC-systems, there is a parallel major overhaul of the European Anti-Money Laundering and Combating of Financing Terrorist (AML/CFT) rules underway in 2023. This further adds to the strain on the compliance systems of financial institutions operating across Euro...

/payments /regulation Banking Regulations

Ravishankar Poonjolai

Ravishankar Poonjolai Consulting Partner at TCS

UK Consumer Duty Regulation – Impact on buy side firms

The Consumer Duty regulation sets higher and more defined standards of consumer protection across UK financial services sectors and requires FCA (Financial Conduct Authority) regulated firms to put their retail market customers’ needs first. This affects financial service providers such as banks, building societies, insurance, life & pension f...

/regulation /wealth Banking Regulations

Mete Feridun

Mete Feridun Chair at EMU Centre for Financial Regulation and Risk

What does the EBA`s proposal to expand FRTB reporting mean for banks?

The Fundamental Review of the Trading Book (FRTB) was introduced into the prudential framework of the EU by Capital Requirements Regulation (CRR 2) as a regulatory reporting requirement in 2020. The final draft Implementing Technical Standards (ITS) on the FRTB reporting requirements went into force in 2021 as part of version 3.1 of the EBA report...

/regulation /wholesale Banking Regulations

Chris Principe

Chris Principe CEO at APB, Inc.

Dream On, Bitcoin

The dream of bitcoin is not just about fulfilling the fantasies you have in your brain when shutting your eyes. The reality of bitcoin is about not giving up on that dream. That means doing the work necessary to make the promises of bitcoin come true. That means keeping pushing until the bitcoin dream become a truth. The time is now to wake up and...

/regulation /retail E-commerce

Robert Houghton

Robert Houghton Founder at Insightful Technology

Banks must seize control of their dangerous data silos

Remaining compliant in today’s financial services industries requires a comprehensive surveillance function. Every call, message and communication between employees, customers and trading partners must be captured, stored and monitored to illustrate compliance. As regulatory requirements have become more demanding, many banks have sought to plug ga...

/regulation /crime

Prasoon Mukherjee

Prasoon Mukherjee Director | Head of Securities Services | GSC-India at Societe Generale Bank

ASSET LIABILITY MISMATCH - (DEVIL AND THE DEEP SEA) SITUATION FOR BANKS

If you are a student of finance studying ALM, the last few weeks must have been quite a perfect academic period to witness the SVB debacle unfold, as you mapped this use case to some of the written down text book theories about ALM situations across balance sheets in general. While it's not entirely wrong to do so, however its also pertinent to un...

/regulation /retail Banking Strategy, Digital and Transformation

Retired Member

Retired Member 

To achieve operational resilience, banks must embrace back-office innovation

In March 2022, the Prudential Regulation Authority’s (PRA) Operational Resiliency Rules came into force. The rules, which impact UK banks, building societies, and financial services firms, mandate that they embed resilience within their operations. Organisations are instructed to adapt systems and processes to ensure they have service continuity i...

/regulation /retail Operational Risk Management

Ellora Roy

Ellora Roy Senior Manager, Banking & Financial Services, UK&I at Cognizant

Consumer Duty: The frog’s been eaten, what’s next?

With the implementation plans submitted, initial feedback provided, and sector specific guidance letters issued by the FCA - firms are now scrambling to meet the new Consumer Duty [the Duty] rules by the deadline of 31st July ’23. Will all of this be done by then? The answer is a reverberating no. And the scale of work is the least of the reasons...

/regulation /retail Banking Regulations

Retired Member

Retired Member 

Credit Risk Monitoring: Building Next Generation Early Warning Systems

When it comes to credit risk monitoring, many banks find themselves falling behind the regulatory expectations. Regulators are expecting banks to take a more proactive approach, using forward-looking data and deploying a broader set of indicators in their early warning systems (EWS). The European Banking Authority (EBA) guidelines on loan originat...

/regulation /devops Banking Strategy, Digital and Transformation

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