Retired Member
This summer, the FCA issued a letter to the Chair of the Treasury Select Committee, answering questions on new sanctions that have been created following the invasion of the Ukraine by Russia. In the letter the FCA said that it will be automating its review process. In the past, it conducted on-site meetings, using face to face interviews and docum...
02 November 2022 /regulation /crime Financial Transformation
Mykyta Grechyna
In view of the recent publishing by the Financial Stability Board (FSB) of the report on the proposed framework for international regulation of the cryptocurrency industry, which was a result of FSB’s research of the topic as was mandated by the G20, some market players also have expressed their thoughts on this hot topic. The FSB’s proposes that ...
01 November 2022 /regulation /crypto Bitcoin payments
John Bertrand MD at Tec 8 Limited
Within a month of each other, the UK Payment Systems Regulator (PSR) issued a consultation paper on Authorised Push Payment (APP) scams with the European Commission (EU) issuing a Proposal amending regulations, including SEPA, concerning instant credit transfers in euro. The PSR’s goal is to make it unrelenting for criminals to defraud people usin...
31 October 2022 /payments /regulation Digital Bank Transformation
Prakash Pattni MD, Financial Services Digital Transformation at IBM Cloud
Increase Agility and Drive Transformation by Modernising with a Hybrid Cloud Approach By Prakash Pattni, Managing Director, IBM Cloud for Financial Services at IBM First came the ATM, opening up 24-7 access to cash for bank customers. Then, the introduction of mobile banking more than a decade ago allowed customers even faster access to money whene...
28 October 2022 /regulation /cloud Banking Strategy, Digital and Transformation
Steven Rackham CTO for Financial Services at NetApp
People and businesses around the world create a staggering 1,145 trillion megabytes of data per day. Data is transforming all our lives, from accelerating the diagnosis of diseases to optimising retail pricing. Data fuels AI technologies and AI can only be as good as the information which it harnesses. According to PwC, AI has the potential to co...
27 October 2022 /regulation /cloud Banking Strategy, Digital and Transformation
Good companies continuously ask themselves: what are we doing now to prepare for the future? When it comes to regulatory technology (RegTech), and specifically compliance technology, the temptation to brush off this task with rationale related to cost, necessity, or implementation effort could come at a big price, more resources required, time sp...
26 October 2022 /regulation /sustainable
Barley Laing UK Managing Director at Melissa
The cost of living crisis, combined with an increase in digitalisation of services and remote working at a time of great volatility in the world, has created new motives and justification for fraud to flourish. In fact, the current turmoil has fed into the three elements of the fraud triangle: motivation, opportunity and rationalisation. As a resu...
26 October 2022 /regulation /identity Digital Identity Management
It’s one of the common attacks you’ll hear on cryptocurrency: the technology is designed for tax evasion and nothing else. While the cryptocurrency ecosystem has added millions of new investors in recent years, the space still faces the same tired attacks. In August 2021, the Nobel Prize-winning economist Paul Krugman claimed that ‘…tax evasion an...
25 October 2022 /regulation /crypto Cryptocurrency Insights
Stephane Rio CEO at Opensee
Regulatory reporting requirements and time-sensitive business data demands are forcing financial institutions to confront the challenges of defining their global data journey strategy. At stake is constant access to aggregate or run impact simulations on heterogeneous sets of data that get larger every day. Institutions face demands from regulator...
24 October 2022 /regulation /markets Capital Markets Technology
Anna Monteiro Global Head of Business and Product Development at www.solutions-atlantic.com
Following up on my 2nd quarter foreign direct investment review, we’ll pick it up in Ireland which set out a new FDI screening rule similar to that of the UK. The Screening of Third Country Transactions Bill 2022 should be enacted before end of year and will require notification of transactions in issuers with activities affecting security or publ...
24 October 2022 /regulation /markets Financial Services Regulation
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