Regulation & Compliance - Long Reads, News, Articles & Research: Finextra

AML and financial crime efforts will be pursued aggressively

This is an excerpt from The Future of Risk Management and Compliance 2023 report. Financial crime, particularly anti-money laundering (AML) and counter-terrorist financing measures remains at the top of regulators’ agenda. Global tensions and instability, anti-money laundering, and counter-terrorist financing measures have become central to risk m...

10 May 2023 /regulation

Operational Resilience preparation a top priority for financial institutions

Paige McNamee

Operational Resilience preparation a top priority for financial institutions

This is an excerpt from The Future of Risk Management and Compliance 2023 report. In the UK and many other major economies, operational resilience remains a key regulatory focus area. The current and projected economic climate will likely be one in which many financial services firms will face external pressures, and firms need to carefully implem...

05 May 2023 /regulation

Introducing ISO 20022 to Lynx, Canada’s high-value payment system

Mike Hoganson Director, Lynx at Payments Canada

Introducing ISO 20022 to Lynx, Canada’s high-value payment system

The Canadian economy depends on the exchange of billions of dollars each day. Payments Canada’s payment clearing and settlement infrastructure, including the associated systems, bylaws, rules and standards, is integral to that process. To support the economy’s ability to keep pace in today’s digital world﹘with shifting consumer and business needs,...

04 May 2023 /regulation

Sanctions will play an increasingly prominent role

Paige McNamee

Sanctions will play an increasingly prominent role

This is an excerpt from The Future of Risk Management and Compliance 2023 report. During 2022, several events significantly contributed to an increased level of global instability, led in no small part by Russia’s invasion of Ukraine, a readjustment to life post-Covid-19, and inflationary spirals affecting major global economies, spurring renewed ...

02 May 2023 /regulation

Will SVB’s collapse and Credit Suisse’s bailout result in increased spend on risk management?

Madhvi Sonia Head of Content at Finextra

Will SVB’s collapse and Credit Suisse’s bailout result in increased spend on risk management?

SVB UK has been sold to HSBC and continues to exist as a legal entity. For technology companies and their investors, now is the time for reflection and preparing for any future risk of a similar collapse. According to Allen & Overy, the “collapse of SVB at the heart of the global tech ecosystem was a surprise to many in the industry. It highli...

13 April 2023 /regulation

The Financial Services and Markets Bill - Crypto, cash, and a regulatory dash

Chris Holmes Peer at House of Lords

The Financial Services and Markets Bill - Crypto, cash, and a regulatory dash

The Financial Services and Markets Bill is the biggest shake up of financial services in a generation. It is making its way steadily through the legislative process and has on 23rd March 2023, completed Committee Stage in the House of Lords. Report Stage is yet to be scheduled. It is a huge Bill which will make wide-ranging changes to the regulati...

03 April 2023 /regulation

The Fintech Sentiment: Fintech’s reaction to UK cryptoasset consultation

Paige McNamee

The Fintech Sentiment: Fintech’s reaction to UK cryptoasset consultation

Just under one week ago, HM Treasury announced its intention to bring cryptoassets under the same regulatory regime as traditional financial services, introducing rules which it hopes will position the UK as a global crypto hub. The highly anticipated consultation paper discusses a breadth of topics, ranging from NFTs to stablecoins to exchange t...

07 February 2023 /regulation

Crypto regulation: Despite FTX, Ripple is optimistic on crypto regulation for 2023

Paige McNamee

Crypto regulation: Despite FTX, Ripple is optimistic on crypto regulation for 2023

Ripple, the payments settlement system run on blockchain technology is a behemoth within the crypto space, and as such, is keenly focused on the current and future state of digital payments. Since its naissance in 2012, Ripple, utilising the XRP token has branched out to build an offering that now includes cross-border payments and CBDC management...

26 January 2023 /regulation

The Westminster Series: Optimising the potential of the Financial Services and Markets Bill

Chris Holmes Peer at House of Lords

The Westminster Series: Optimising the potential of the Financial Services and Markets Bill

I have written here before about the Financial Services and Markets Bill - the biggest reform of financial services in a generation. It is a huge opportunity. According to the Government the bill will: implement the outcomes of the Future Regulatory Framework review (reshaping the UK’s regulatory and legislative regime as an independent state outs...

18 January 2023 /regulation

Unlocking value in digital spaces: The role of NFTs

Jennifer Calver Tech Sector and Fintech Knowledge Lawyer at Linklaters

Unlocking value in digital spaces: The role of NFTs

NFTs, and the tokenisation of real world to digital assets, is a hot topic across multiple industries including sports, gaming, art, fashion, and real estate. Although it is early days in the adoption of this new technology, new applications and use-cases are emerging. While the market in the first wave of NFTs might have crashed, there are many w...

09 January 2023 /regulation

5 predictions for fintech in 2023: What’s next after a terrible, horrible, no good, very bad year?

Arvin Abraham Partner at Goodwin Procter

5 predictions for fintech in 2023: What’s next after a terrible, horrible, no good, very bad year?

Fintech in 2022 was buffeted by a cyclical sectoral downturn combined with a souring macro-economic environment. In part, the sector was a victim of its own success. After flying high and being one of the most heavily invested-in sectors for the past several years, it was only natural that values would come back down to reality and align with hist...

05 January 2023 /regulation

The India Policy Series: Analysing the 2022 Digital Personal Data Protection Bill

Retired Member

The India Policy Series: Analysing the 2022 Digital Personal Data Protection Bill

India’s journey towards a dedicated privacy law started with the Puttaswamy judgment in 2017, which recognised privacy as a fundamental right under the Constitution of India, and expressed the need for a comprehensive data protection regime in the country. After extensive public debate and discussion, the draft Personal Data Protection Bill, 2019...

19 December 2022 /regulation

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