Pascal Aerens CPO at Neterium
Last week, the banking community gathered in person again for SIBOS, the largest global financial services networking event organised by SWIFT. Many sessions focused on reducing friction in payments. Today’s complex geopolitical landscape meant that sanctions – a major source of friction – were top of mind for many in attendance. As the financial ...
23 October 2022 /regulation /crime Financial Services Regulation
Nick Green Director at Purple Patch Broking Ltd
During economic uncertainty, fintechs and all other credit providers face a very different landscape. The real risk of global and national recessions means that net interest margins are wafer-thin. Business as usual (BAU) costs are unusually high. Ultimately thriving in an uncertain environment with shrinking margins, increasing competition, and d...
20 October 2022 /regulation /retail Fintech
Kiran Komma Senior Domain Consultant at Tata Consutlancy Services
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 with D...
20 October 2022 /regulation /wholesale
Joost Van Houten Founder & CEO at Sentinels
We live in a time of significant financial change; two once-in-a-lifetime recession events have happened in just over a decade, and regulators are trying to get a grip on financial economic crime while not limiting innovation. Unfortunately, rapid digitization due to the pandemic has sent instances of financial crime soaring. Regulators exist to pr...
19 October 2022 /regulation /crime RegTech
Catherine Warren Transformation Director at Encompass Corporation
Digital transformation projects will introduce more automation and digitization into compliance tasks when performing Know Your Customer (KYC) on new corporate customers, but are compliance teams ready for the switch? With so much at stake, including competition from hyper-automated FinTechs, enhancing financial crime compliance, including KYC pro...
17 October 2022 /regulation /crime RegTech
Nish Kotecha Co-Founder & Chairman at Finboot
Six years after the Brexit referendum, the UK has recently presented the Electronic Trade Documents Bill. According to the press release “The Bill will make digital documentation legally recognised, reduce admin costs and make it easier for British firms to buy and sell internationally and processing times for electronic documents cut to 20 secon...
17 October 2022 /regulation Banking Strategy, Digital and Transformation
Harriet Christie Chief Operating Officer at Mirrorweb
Regulatory technology (RegTech) companies perform exactly the function you’d expect; they provide technology which is used by businesses to manage and enhance regulatory processes in order to achieve and prove compliance. It’s a sector which is now growing at a pace of 19.5 percent annually, and is expected to hit $21.73 billion by 2027, according...
14 October 2022 /regulation /cloud RegTech
Luke Firmin
The sanctions environment has become a whole lot more challenging in recent months. It’s not just the war in Ukraine and the swingeing changes that have been made to sanctions regulations in light of the conflict. In the UK, the FCA has recently advertised its new reporting mechanism for sanctions breaches and deficiencies, as well as bolstering ...
13 October 2022 /regulation /crime Banking Regulations
Retired Member
The journey of US Settlements has progressed significantly over the last couple of decades - from T+3 in 2008, to T+2 in 2017. It has received a further thrust with recent recommendation of the Depository Trust & Clearing Corporation (DTCC) for moving to T+1, by H1 2024. This is a logical continuation of accelerating settlements as...
12 October 2022 /regulation /markets Banking Regulations
Gilbert Verdian Founder and CEO at Quant
New rules, like the UK’s Financial Services and Markets Bill and the EU’s Crypto-Assets Regulation (MiCA), should be welcomed, argues Quant’s Founder and CEO, Gilbert Verdian. Republished with the permission of Thomson Reuters Regulatory Intelligence. Over the last five years, investment in cryptocurrency increased from $100 billion to a market cap...
11 October 2022 /regulation /crypto Trends in Financial Services
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