242 Results from 2022, /regulation
Jonathan Wood CEO at C2 Cyber
High-profile scandals, such as the regulatory investigation into whether the DWS Group misled clients about sustainable investing, and Fundsmith being stripped of its ethical rating due to mis-selling, has raised concerns that some ESG funds are misleading. However, despite these headlines, a key challenge many investment firms face is sourcing r...
02 March 2022 /regulation /sustainable Sustainable compliance
Retired Member
Well, the answer is obvious isn’t it – it is “EVERYBODY’s, you would say. There lies the difficulty. One of the first management lesson’s is never to make any job “everybody’s” as it has two risks inherently. Either it becomes everybody’s and nobody’s at the same time, resulting in an impasse or the boundaries and the gaps in-between one group to ...
28 February 2022 /regulation /sustainable Trends in Financial Services
Dexter Penn CEO at Kalgera
This week marks a year since the Financial Conduct Authority (FCA) issued guidance to financial institutions for the fair treatment of vulnerable customers. The aim of the guidance is to encourage banks and building societies to better understand the needs of vulnerable customers so that they can better serve them. Ahead of the anniversary, we con...
25 February 2022 /regulation /inclusion RegTech
Andrew Lawton Founder & CEO at Reskube Ltd
31st March 2022 represents an important regulatory deadline for financial services firms in the UK. Last March, the Bank of England and FCA released their Operational Resilience Policy Statement. It requires that, by this date, UK financial services companies must have demonstrated that they have identified their important business services, and a...
24 February 2022 /regulation Financial Services Regulation
A new payment regulation, Strong Customer Authentication (SCA), will soon be mandatory in the UK. In March 2022 this once-in-a-generation change will come into force for UK retailers, and bring with it the potential to massively disrupt an enterprise or to push an enterprise ahead. SCA will undoubtedly be a vital pillar of protection for merchants...
24 February 2022 /payments /regulation Business
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 in ransomware attacks on banks, which rose 1,318% year on year in the first half of 2021, according to a report by Trend Micro. Further research by...
23 February 2022 /security /regulation Banking Regulations
Geopolitical tensions such as at the Russian-Ukrainian border have thrown sanctions risk management challenges into the spotlight in recent months. Foreign policy responses to crises of this kind usually involve a fresh package of sanctions requirements. Sanctions risk management is going to become ever more complicated, as the world takes a step ...
21 February 2022 /regulation /crime Exposing Financial Crime
Elena Berestovaya Owner, Chief Marketing Officer at Ubanksy.com, UpTrader Software Design
It seems that the Ministry of Finance and the Central Bank of the Russian Federation have managed to overcome the crisis known in psychology as the Kübler-Ross model. It describes five stages of dealing with a crisis situation, beginning with denial and continuing with anger, bargaining, depression, and, finally, acceptance. Apparently, this is wh...
19 February 2022 /regulation /crypto Law and Finance
Anna Monteiro Global Head of Business and Product Development at www.solutions-atlantic.com
It is widely known that Norway has one of the tightest substantial shareholding disclosure windows among countries. While many countries allow for reporting of substantial shareholding within days of a threshold breach, Norway’s requirement is immediately. What does immediately mean? According to Rulefinder, the online regulatory intelligence solut...
16 February 2022 /regulation /markets Financial Services Regulation
Matt Neill Managing Director at Beyond
One of the most common comments we hear from senior leaders of Client Onboarding, CLM or KYC functions in Financial Institutions, is that their Front-Office is frustrated with these processes. Often, technology is held up as the solution to this problem, but in our experience, there are many underlying causes of their frustrations that are not rela...
15 February 2022 /regulation /wholesale Banking Strategy, Digital and Transformation
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