4230 Results from /regulation
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
Adam Lieberman Chief AI Officer at Finastra
Data is the most valuable resource we have today when it comes to solving our greatest challenges. With the right data, and enough of it, there is no limit to the compelling use cases we can create. Imagine a world where we could stop financial crimes like money laundering, help reduce the number of deaths due to breast cancer, and more accurately...
10 October 2022 /regulation /cloud Data sharing
Bob Lyddon Consultant at Lyddon Consulting Services
On 6th October 2022 the PSR published its Final Decisions under reference PS22/2 on its ‘work’ on Card-acquiring market remedies, a major and multi-year programme on the costs for UK merchants of accepting payments by card, which primarily means cards branded to Visa and Mastercard. The PSR’s ‘remedies’ fall below the lowest expectations of what c...
09 October 2022 /payments /regulation
Sanctions are a massively complex area. But all too often, financial institutions think sanctions adherence is fairly straightforward – it’s just checking a list to ensure an individual or company doesn’t appear on it, right? Wrong. Sanctions are far more multi-dimensional and nuanced than that. The UK implements a range of sanctions regimes throug...
05 October 2022 /regulation /crime Banking Regulations
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