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.

John Bertrand MD at Tec 8 Limited

A Rude Awakening: fraudsters are now fearless

Faster payments is the fraudsters’ preferred method of payment as the money arrives almost immediately in the payee’s account. To receive that payment therefore, the fraudster has to open a bank account. The current dysfunctionality is each bank holds the client’s information in confidence and does not share insights on risk on that account to oth...

08 March 2021 /payments /crime

Alan Blanchard Country Head UK at Apiax

Cross-border banking in the digital age

The legal and reputational risks associated with providing cross-border financial services have risen sharply in recent years. Current national lockdowns and travel restrictions, alongside major regulatory upheaval, such as Brexit, are only adding to the challenges facing global banks. With bankers, wealth managers, asset managers and other financ...

04 March 2021 /regulation /wealth

Garima Chaudhary Global Head of Solution Eng, FinCrime & Compliance at Oracle

Fight Money Launderers and Protect Wildlife

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

Anna Monteiro Global Head of Business and Product Development at www.solutions-atlantic.com

Rounding out 2020 Foreign Direct Investment Regulations

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

Darragh Pelly COO at Reitigh Software

How financial services companies can become change makers

Change is the only constant in the financial services sector. This has long been the case; however, the coronavirus crisis has put it on a level like nothing else we have ever seen before. The implications of the pandemic have been far reaching. Falling credit ratings reduced the world of investment grade bonds, face-to-face selling became imposs...

11 December 2020 /regulation /cloud

Retired Member 

How to Simplify New Beneficial Ownership Disclosure Rules

The United States has stepped up its anti-money-laundering practices after taking some heat. In the Financial Action Task Force's 2016 mutual evaluation, the group found: Lack of timely access to adequate, accurate and current beneficial ownership (BO) information remained one of the fundamental gaps in the US. [1] As a result, the United States re...

09 December 2020 /regulation /crime

Anna Monteiro Global Head of Business and Product Development at www.solutions-atlantic.com

SEC 13F THRESHOLD PROPOSAL MAY BE DOWN BUT NOT YET DEAD

On 10 July 2020, the SEC released for comment a proposed rule that would change the reporting threshold for Form 13F from $100 million to $3.5 billion for institutional investment managers. The SEC thought it was a good time to increase the threshold which was established 45 years ago to reflect the change in size and structure of the U.S. equitie...

18 November 2020 /regulation /markets

Steven Rackham CTO for Financial Services at NetApp

From compliance to innovation: the acceleration of DX in FS

The COVID-19 pandemic has helped to drive focus for financial institutions onto systems resilience and operations. Once cast in a role of planning for different worst case scenarios, CIOs have been tasked to help banks continue to service customers in the new ‘stay-at-home’ era, focusing on delivering self-service systems, modernising and enabling...

24 September 2020 /security /cloud

Kirston Winters MD, MarkitSERV at IHS Markit

IBOR transition update: EuroSTR has an August holiday?

After the recent uptick in EuroSTR (a.k.a. €STR) volumes in late July driven by the major CCPs switching from using EONIA to EuroSTR for discounting all Euro OTC interest rate products we looked at August data to see if this was just a blip or whether EuroSTR in fact held its increased share of the market throughout August. In June, prior to the C...

21 September 2020 /regulation /wholesale

Anna Monteiro Global Head of Business and Product Development at www.solutions-atlantic.com

Changes in Foreign Direct Investments Part II

As a follow up to the blog published on 8 June, foreign direct investment oversight continues with several countries issuing new rules or extending previously established rules. While much of this stems from COVID-19 and the uncertainty of market stability, it also speaks to the lack of trust governments have for their foreign counterparts. Since...

10 September 2020 /regulation /markets