Retired Member
Geopolitical tensions such as at the Russian-Ukrainian border have thrown sanctions risk management challenges into the spotlight in recent months. Foreign policy responses to crises of this kind usually involve a fresh package of sanctions requirements. Sanctions risk management is going to become ever more complicated, as the world takes a step ...
21 February 2022 /regulation /crime Exposing Financial Crime
Elena Berestovaya Owner, Chief Marketing Officer at Ubanksy.com, UpTrader Software Design
It seems that the Ministry of Finance and the Central Bank of the Russian Federation have managed to overcome the crisis known in psychology as the Kübler-Ross model. It describes five stages of dealing with a crisis situation, beginning with denial and continuing with anger, bargaining, depression, and, finally, acceptance. Apparently, this is wh...
19 February 2022 /regulation /crypto Law and Finance
Anna Monteiro Global Head of Business and Product Development at www.solutions-atlantic.com
It is widely known that Norway has one of the tightest substantial shareholding disclosure windows among countries. While many countries allow for reporting of substantial shareholding within days of a threshold breach, Norway’s requirement is immediately. What does immediately mean? According to Rulefinder, the online regulatory intelligence solut...
16 February 2022 /regulation /markets Financial Services Regulation
Matt Neill Managing Director at Beyond
One of the most common comments we hear from senior leaders of Client Onboarding, CLM or KYC functions in Financial Institutions, is that their Front-Office is frustrated with these processes. Often, technology is held up as the solution to this problem, but in our experience, there are many underlying causes of their frustrations that are not rela...
15 February 2022 /regulation /wholesale Banking Strategy, Digital and Transformation
Nick Green Director at Purple Patch Broking Ltd
How financial services procurement can gain better leverage with credit data providers Over the last few years, financial services businesses have grown to rely on procurement to support and strengthen supplier relationships. That’s especially true during the pandemic. According to one study, 52% of enterprises viewed procurement’s impact during t...
15 February 2022 /regulation /retail Financial Supply Chain
Anyone who has been on the London Underground in the past few years cannot have failed to notice the exhortations to invest in BitCoin, or the next big meme coin, as this freedom of information request shows. Social media is awash with celebrities and influencers flogging crypto, something that had already caught the attention of the UK's financi...
10 February 2022 /regulation /crypto Cryptocurrency Insights
Alessandro Hatami Managing Partner at Pacemakers.io
Regulators across the globe are keen to regulate the new digital currencies, financial products and exchanges. The recent announcement by the US regulator CFTC (Commodities and Futures Trading Commission) is a recent example. All regulators say that they aim to provide market protection for consumers and reduce risks in the space. Interestingly th...
10 February 2022 /regulation /crypto DeFi
Gleb Kozlov CEO at KoronaPay
Any fintech working in Europe would agree – I’m sure – that the growing user data-related regulatory pressure has been a major headache. There is as well an ongoing battle between Europe and U.S. Big Techs about the treatment of personal data, with even Meta now considering shutting down Facebook and Instagram in Europe if regulators fail “to ado...
09 February 2022 /payments /regulation Fintech
Jennifer Guy Managing Director at ICP Credit
Over the last five years, innovation in the Middle East has been developing at a rapid rate. With a $4 trillion GDP, the Middle East is a big attractive market for economic development, investment, and innovation. This trend is likely to persist throughout 2022. And that’s why VCs and investors are seeing the region more optimistically than ever b...
08 February 2022 /regulation /markets
Stephan Wolf CEO at Global Legal Entity Identifier Foundation
According to EY’s 2021 Global Corporate Reporting Survey, 76% of the world’s major finance leaders back the need for globally consistent environmental, social and governance (ESG) standards. Stephan Wolf explains why ensuring a holistic entity identification mechanism through a global standard – such as the Legal Entity Identifier (LEI) - is a fo...
04 February 2022 /regulation /identity
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