Barley Laing UK Managing Director at Melissa
The war in Ukraine has triggered a proliferation in sanctions against leading politicians, businesspeople and entities in both Russia and Belarus. It has left many in financial services struggling to keep up with the large number of sanctions announced by the territories they operate in, which they are legally required to adhere to. Failing to prop...
12 September 2022 /regulation /identity Digital Identity Management
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
Blog nbr 400. The benefits of moving faster to a Data-driven Economy are clear. The mission in short: better service, mega-shift in productivity, sustainability through less waste and CO2, fact-based decisions, true single European market, global transparency and the end of grey economy. Without banks taking more responsibility and politicians r...
07 September 2022 /payments /regulation Innovation in Financial Services
Katie Hunter Senior Marketing Manager at Aveni
The Consumer Duty final guidance comes with big requirements for evidence. Firms will need to deploy advanced data-driven technology solutions to meet the regulator’s data-focused demands, ultimately adapting their approach and processes in order to comply. As well as regulatory compliance, applying the right technology has the additional benefit ...
07 September 2022 /regulation RegTech
Fatemeh Nikayin Co-Founder at Rivero
Maintaining compliance is crucial to any financial institution’s ability to provide services – yet this must be balanced with investing in innovative capabilities that allow for service improvement, market expansion, and customer service improvement. This balancing act is particularly challenging in this part of the world: according to Lexis Nexis...
07 September 2022 /payments /regulation RegTech
Mete Feridun Chair at EMU Centre for Financial Regulation and Risk
The Basel Committee on Banking Supervision's (BCBS) Standardised Approach to Counterparty Credit Risk (SA-CCR) was introduced to improve the risk sensitivity of capital framework for derivatives transactions without creating undue complexity for banks. One of the Committee’s key objectives in formulating the SA-CCR standard was to design an appro...
06 September 2022 /regulation /markets Banking Regulations
Shirish Netke President at Amberoon
A generation ago, when the Internet first arrived, it shrunk the gap between big companies and SMBs. Those smaller firms could suddenly leverage a new arsenal of online tools to compete on research, product development, customer outreach, partnerships, recruitment and just about everything else. With the cloud, it’s a little different. With banks ...
05 September 2022 /regulation /cloud Banking Strategy, Digital and Transformation
Jeremy Annis CEO at Ripjar
To safeguard consumers, investors, and the market itself, the EU has for the first time put forward laws for bitcoin service providers. These measures will also promote fair competition and financial stability. The EU aims to ensure compliance among all member states by putting in place a legal framework. The goal of the new legislation is also to...
05 September 2022 /regulation /crime Exposing Financial Crime
Retired Member
Legal experts have shown considerable uncertainty around the details of UK Government’s recommended amendments to data security law and the Data Protection and Digital Information bill (Data Reform Bill). They maintain that it could potentially result in the termination of well-run data flows with EU countries. The long-anticipated Data Reform B...
01 September 2022 /regulation
Having addressed the shortcomings in its current regulatory framework on disclosure of non-financial information, the European Union (EU) is once again at the forefront of the international race to sustainability standards and the transition to a sustainable economy. The provisional political agreement on the Corporate Sustainability Reporting Di...
28 August 2022 /regulation /sustainable Sustainable compliance
Luke Hinchliffe Head of Marketing at RiskScreen
Increasing regulatory scrutiny often results in businesses having to re-validate their existing customers. The subsequent remediation process can be an onerous task, but if carried out correctly it reduces risk and delivers a far better customer experience. Over the last decade the rate of regulatory change has increased exponentially. This year it...
26 August 2022 /regulation /crime
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