Financial Services Regulation

This network is for financial professionals interested in staying up to date on financial services regulation happening anywhere in the world. CFOs, bankers, fund managers, treasurers welcome.

Ruoyu Xie Marketing Manager at Grand Compliance

DORA Regulation: Mandatory ICT Risk Reporting for European Financial Institutions

On November 29, 2024, the European Commission introduced the Commission Implementing Regulation (EU) 2024/2956, laying down detailed technical standards for the application of Regulation (EU) 2022/2554, known as the Digital Operational Resilience Act (DORA). This update, which will officially come into force 20 days after its publication in the Off...

05 December 2024 /regulation /retail

Marko Maras CEO at Trustfull

How to harmonize conflicting AML and PSD3 mandates in Europe

Europe’s financial sector is at a turning point. On one side, strict Anti-Money Laundering (AML) regulations demand steadfast vigilance and compliance. On the other, the Payment Services Directive 3 (PSD3) is pushing for instant payments to meet the demands of an increasingly impatient digital economy. For both traditional financial institutions a...

04 December 2024 /payments /regulation

Ruoyu Xie Marketing Manager at Grand Compliance

Capital Requirements Regulation (CRR): Retail Portfolio Diversification

The latest updates to the Capital Requirements Regulation (CRR), published on November 12, 2024, introduce significant changes to retail exposure diversification. These changes, developed by the European Banking Authority (EBA) under the mandate of Article 123(1) of the CRR, aim to enhance financial stability across the European Union. The updates ...

15 November 2024 /regulation /wholesale

Kyrylo Reitor Chief Marketing Officer at International Fintech Business

Top 5 jurisdictions to obtain EMI license in 2025

The European Payment Services Directive (PSD2) has ignited a fintech revolution across Europe, spurring the growth of Electronic Money Institutions (EMIs). As fintech companies seek to capitalize on this opportunity, understanding the most conducive jurisdictions for obtaining an EMI license is paramount. In 2025, these five European countries sta...

30 October 2024 /payments /regulation

Ben Parker CEO at eflow uk ltd

Understanding the processes behind an effective eComms surveillance strategy

It goes without saying that regulatory compliance is of critical importance for businesses operating in financial markets. A firm’s failure to meet their regulatory obligations can have significant consequences for their business, including enforcement action, financial penalties and catastrophic reputational damage. A real-world example that h...

10 October 2024 /regulation

Kyrylo Reitor Chief Marketing Officer at International Fintech Business

Checking the reliability of correspondent bank accounts - 5 steps

Correspondent banking relationships are vital for facilitating international transactions. However, the reliability of these correspondent bank accounts is crucial for mitigating risks, including fraud and financial instability. Here are five essential steps to ensure the reliability of correspondent bank accounts. Step 1: Verify Regulatory Compli...

02 October 2024 /security /regulation

Jeffrey Wheatman SVP, Cyber Risk Strategist at Black Kite

Addressing the Complexities of Compliance in Financial Services

As the financial services industry undergoes constant change, managing the complexities of compliance presents a challenge. Compliance teams are overwhelmed with many regulations, each with unique controls and requirements. These often encompass over 100 compliance sets and thousands of controls, making it difficult to balance regulatory demands w...

10 September 2024 /ai /regulation

Joris Lochy Product Manager at Intix | Co-founder at Capilever

Belgium’s Capital Gains Tax Proposal: The Complexities Beneath the Surface for the Financial Service

Belgium is currently in the midst of forming a new government, a process known for its length and complexity. As we face yet another challenging government formation, a significant debate has emerged around the introduction of a capital gains tax on profits from the sale of equities that are currently untaxed in Belgium. The proposal suggests a t

02 September 2024 /regulation /retail

Abhinav Paliwal CEO at PayNet Systems- A Neo Banking Software Platform

What does the term Omnichannel specifically mean in the context of financial services?

Omnichannel in financial services means delivering a unified and seamless customer experience across all channels, such as mobile apps, websites, customer service hotlines, and in-branch visits. According to the 2021 World Retail Banking Report by Capgemini, nearly 80% of consumers expect an omnichannel banking experience, highlighting the growing ...

26 August 2024 /payments /inclusion

Steve Morgan Banking Industry Market Lead at Pegasystems

Consumer Duty’s first anniversary – reflections and the road ahead

A year ago, the Financial Conduct Authority (FCA) introduced the Consumer Duty standards, a set of rules which aimed to improve and increase consumer protection for the financial sector. These required banks and other financial services firms to prioritise their customers and offer them products and services with transparency and fairness. Failure...

31 July 2024 /regulation