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Discussion around current trends in regulations for banks globally
As the countdown to 31 October 2019 can now be measured in weeks, the UK and the EU are hurtling towards a no-deal Brexit. This has implications for inbound passporting EEA firms as the UK Financial S...
KYC utilities provide access to a unique and validated source of data, but liability for satisfying KYC and AML obligations ultimately remains with Nordic banks. The Nordic banking landscape has witne...
The Regulatory Landscape The rise of financial technology has drawn the attention of regulators to FinTech firms and how they function. FinTech companies like any other regulated institutions are requ...
The UK branches of the EU-27 banks currently benefit from lighter regulatory requirements compared to the third-country branches. However, post-Brexit this distinction will no longer be relevant as al...
According to the RTS on SCA and CSC (Article 34. Certificates), payment service providers shall rely on eIDAS certificates for third party providers’ (TPPs’) identification. There are 2 types of PSD2 ...
The appointment of Gabriel Makhlouf as the 12th governor of the Central Bank of Ireland earlier this year hasn’t gone unnoticed. Until recently the top official in New Zealand’s treasury, he will be t...
It would be an understatement to say the last 4 years have been a game-changer when it comes to anti-financial crime regulation and the know your customer (KYC) and customer due diligence (CDD) requir...
It’s not news that fraudsters are developing more sophisticated methods than ever before to launder money. But, as Financial Institutions (FIs) are working hard to remove friction from their customer ...
Document remediation projects are not new. Anyone working in Capital Markets in recent years can probably describe the steps involved as they tend to be similar each time. Recent battle scars in the...
Bank Recovery and Resolution Directive (BRRD), one of the components of the EU Banking Package, which was published in the Official Journal of the EU on 7 June 2018 will need to be transposed into EU ...
This is the first piece from an upcoming series of articles about non-dedicated PSD2 interfaces. The scope of these articles is to describe to EU-based ASPSPs that have chosen to provide a non-dedicat...
The regulatory reporting regime for banks and investment firms in the UK is unduly complex. Regulated firms are required to follow guidance from numerous regulatory sources and have to grapple with co...