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Discussion around current trends in regulations for banks globally
The Prudential Regulation Authority have taken another step towards implementing their vision of managing prudential risk for smaller financial institutions through the publication of CP 5/22, “The S...
ABBA, one of the most successful bands in history performed in London recently. Agnetha, Björn, Benny and Anni-Frid looked real, authentic and amazing for their years. The crowds loved it. Regrettably...
The advent of artificial intelligence (AI) and machine learning (ML) in financial services is pushing the eternal battle against money laundering into a new phase. For some time, in a bid to curb the ...
The European Commission's (EC) Action Plan on sustainable finance is a major policy objective by the European Union (EU) to promote sustainable investment. As per the plan, banks are expected to fina...
A recent study has found that 73% of consumer banking interactions are now digital, as people and businesses increasingly choose direct banks over more traditional banking institutions. Some of the k...
Russia’s military offensive in Ukraine has led to numerous sanctions from Western countries. 12 days into the conflict, it became the most sanctioned country, which deeply affected its economy and 14...
Following the start of the Ukrainian crisis, the FCA sent letters to all UK financial institutions, warning them the new Economic Bill will be fast-tracked. This bill includes a new register meaning f...
Banks are on high alert for cyber attacks. The European Central Bank recently told them to prepare for possible Russian-sponsored cyber attacks as tensions with Ukraine increase. This follows a surge...
Estimated reading time: 4 minutes In May 2021, the FCA published a consultation paper (CP21/13) on a “New Consumer Duty” in an attempt to stop consumers from being provided with misleading information...
While 2021 wasn’t the busiest of years in terms of regulatory reporting go-live implementation, important developments did take shape. Among the more important of these developments was the publicatio...
The recent release of the Pandora Papers has shone a light on the sometimes unethical or corrupt practises of the politically connected and the super-rich. For those in financial services the Papers h...
Operational resilience has become a key focus for regulators in the UK. In March 2021, the Financial Conduct Authority (FCA), the Prudential Regulatory Authority (PRA) and the Bank of England (BoE) pu...