4231 Results from /regulation
Retired Member
The balance between regulation and innovation is a difficult one to find and maintain. The parabolic growth of the fintech industry has heralded extraordinary advances, but it has also posed problems for regulators who are still trying to catch up. In order for fintech to thrive, there must be open, transparent, and friendly cooperation between ind...
26 January 2021 /payments /regulation
Shikko Nijland CEO at INNOPAY
I'm convinced this year will be a decisive turning point in the war against a creeping yet potentially devastating type of pollution. This is the 'data pollution' which threatens to overwhelm our digital world. Just as nations are now committing to more challenging environmental targets in the physical world, we must also recognise the threat of da...
26 January 2021 /regulation /sustainable Data sharing
Andreas Hobbelin Head of AML & FCP at ZTL PAYMENT SOLUTION
Over 10 years ago, one statement got international attention, another statement didn’t even get national attention. Still both statements echo’s today, although differently. The then Head of United Nations on Drugs and Crime (UNODC), Antonio Maria Costa said the following based on that UNODC had found evidence that some banks were funded by illicit...
21 January 2021 /regulation /crime Banking Regulations
Kirston Winters MD, MarkitSERV at IHS Markit
The transitional period ended on 31 December with no relief for European Union (EU) firms on the derivatives trading obligation (DTO) from the European Commission (EC) and only limited adjustments from the United Kingdom (UK). This left many firms with conflicting and incompatible DTOs in the EU and the UK without equivalence (albeit based on iden...
21 January 2021 /regulation /wholesale MiFID
Jesse Chenard CEO at MonetaGo
Fraud is an age-old problem that has plagued every industry since businesses began trading. It takes many forms and guises and is a constantly evolving threat, as the perpetrators adapt to the ever-changing business environment they seek to disrupt. Perhaps one of the most well-known examples of fraud is money laundering. On one end of the spectr...
21 January 2021 /regulation /crime Blockchain in Banking and Financial Services
Garima Chaudhary Head of Fin. Crime Solution Consulting at Oracle
Money Laundering and Its Impact on Wildlife Every year, the illegal wildlife trade—which includes the smuggling, poaching, capture, and collection of endangered species and protected wildlife—threatens many animal species with extinction. Demand for rhino horn—which is more expensive than gold—resulted in the extinction of Africa’s western black r...
20 January 2021 /regulation /crime Financial Services Regulation
Devin Redmond Founder and CEO at Theta Lake
The past year has prompted radical shifts to the corporate world, the likes of which we’ve never seen before. With the mass closing of traditional office spaces, companies across all industries were forced to reckon with an entirely digital world – whether they were ready for it or not. This new virtual collaboration space morphed the fundamentals...
18 January 2021 /regulation /predictions RegTech
To answer this, one most likely need to go deep on all financial institutions (FI), however, what if one would ask some simple questions to begin with? Lets start with the following; Are you screening your clients against US sanction lists? Most would answer Yes Are you screening your client’s counterparties against US sanction lists...
15 January 2021 /regulation /crime Trends in Financial Services
Anna Monteiro Global Head of Business and Product Development at www.solutions-atlantic.com
Now that we have seen a close to 2020, let’s take a look at foreign investment changes around the globe. Following on from my 2nd installment in September, foreign investment regulations have continued to tighten in the more democratic nations and loosen in those less so. In November, the UK government introduced the National Security and Invest...
14 January 2021 /regulation /markets Financial Services Regulation
Adam Holden Chief Executive Officer at NorthRow
If we thought 2019 ‘was quite a year’ and that 2020 would bring some challenges, then how on earth do we begin to verbalise the last 9 months? Despite epidemiologists warning of a once-in-a-lifetime pandemic, the most advanced nations in the world were ill-prepared for the scale of the fall-out. The effects of which are still being felt, and will ...
12 January 2021 /regulation /crime Big Data
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