4467 Results from /regulation
John Bevil Product Director, Capital Markets at Xceptor
Efficient and accurate reconciliations are critical for ensuring data consistency, enhancing client satisfaction, and reducing operational risks, primarily where multiple copies of the same trade data are held across financial institutions and their customers. Within the financial service industry, large-scale reconciliations platforms competently ...
13 April 2023 /regulation Data Management and Governance
Steve Morgan Banking Industry Market Lead at Pegasystems
While Ukrainian war sanctions have dominated the debate about how banks should tighten KYC-systems, there is a parallel major overhaul of the European Anti-Money Laundering and Combating of Financing Terrorist (AML/CFT) rules underway in 2023. This further adds to the strain on the compliance systems of financial institutions operating across Euro...
13 April 2023 /payments /regulation Banking Regulations
Ravishankar Poonjolai Industry Advisor at Tata Consultancy Services
The Consumer Duty regulation sets higher and more defined standards of consumer protection across UK financial services sectors and requires FCA (Financial Conduct Authority) regulated firms to put their retail market customers’ needs first. This affects financial service providers such as banks, building societies, insurance, life & pension f...
13 April 2023 /regulation /wealth Banking Regulations
Mete Feridun Chair at EMU Centre for Financial Regulation and Risk
The Fundamental Review of the Trading Book (FRTB) was introduced into the prudential framework of the EU by Capital Requirements Regulation (CRR 2) as a regulatory reporting requirement in 2020. The final draft Implementing Technical Standards (ITS) on the FRTB reporting requirements went into force in 2021 as part of version 3.1 of the EBA report...
09 April 2023 /regulation /wholesale Banking Regulations
Chris Principe CEO at APB, Inc.
The dream of bitcoin is not just about fulfilling the fantasies you have in your brain when shutting your eyes. The reality of bitcoin is about not giving up on that dream. That means doing the work necessary to make the promises of bitcoin come true. That means keeping pushing until the bitcoin dream become a truth. The time is now to wake up and...
06 April 2023 /regulation /retail E-commerce
Robert Houghton Founder at Insightful Technology
Remaining compliant in today’s financial services industries requires a comprehensive surveillance function. Every call, message and communication between employees, customers and trading partners must be captured, stored and monitored to illustrate compliance. As regulatory requirements have become more demanding, many banks have sought to plug ga...
06 April 2023 /regulation /crime
Prasoon Mukherjee Director | Head of Securities Services | GSC-India at Societe Generale Bank
If you are a student of finance studying ALM, the last few weeks must have been quite a perfect academic period to witness the SVB debacle unfold, as you mapped this use case to some of the written down text book theories about ALM situations across balance sheets in general. While it's not entirely wrong to do so, however its also pertinent to un...
05 April 2023 /regulation /retail Banking Strategy, Digital and Transformation
Retired Member
In March 2022, the Prudential Regulation Authority’s (PRA) Operational Resiliency Rules came into force. The rules, which impact UK banks, building societies, and financial services firms, mandate that they embed resilience within their operations. Organisations are instructed to adapt systems and processes to ensure they have service continuity i...
05 April 2023 /regulation /retail Operational Risk Management
Ellora Roy Senior Manager, Banking & Financial Services, UK&I at Cognizant
With the implementation plans submitted, initial feedback provided, and sector specific guidance letters issued by the FCA - firms are now scrambling to meet the new Consumer Duty [the Duty] rules by the deadline of 31st July ’23. Will all of this be done by then? The answer is a reverberating no. And the scale of work is the least of the reasons...
05 April 2023 /regulation /retail Banking Regulations
When it comes to credit risk monitoring, many banks find themselves falling behind the regulatory expectations. Regulators are expecting banks to take a more proactive approach, using forward-looking data and deploying a broader set of indicators in their early warning systems (EWS). The European Banking Authority (EBA) guidelines on loan originat...
05 April 2023 /regulation /devops Banking Strategy, Digital and Transformation
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