Banking Regulations

Discussion around current trends in regulations for banks globally

Mete Feridun Chair at EMU Centre for Financial Regulation and Risk

Practical Insights from the Basel Commission’s proposed changes to its Core Principles

The Basel Committee on Banking Supervision (BCBS) issued a public consultation on revisions to the Core principles for effective banking supervision ("Core Principles") on 6 July 2023, reflecting supervisory developments and structural changes affecting the banking system since the previous update in 2012 in six areas: financial risks; o...

08 July 2023 /regulation /retail

Steve Morgan Banking Industry Market Lead at Pegasystems

Merging Banks Through a Transformation of Sales and Service Operations

Bringing together two financial organisations to offer better value to customers, greater organisational efficiencies and to be a platform for ongoing innovation is quite simply the toughest challenge any financial institution has to face. Notwithstanding the regulatory scrutiny, there are so many moving pieces to work with and you need to minimis...

05 July 2023 /payments /regulation

Daniel Schlaepfer CEO at Select Vantage Inc

Complex Rules Beget Costly Unintended Consequences

A new report from Acuiti Management Intelligence has found that almost half of EU and UK-based proprietary trading firms are considering moving to a different jurisdiction to avoid increasingly burdensome regulation. The report also found that a quarter of the firms surveyed are looking at potentially giving up their Mifid II licenses and exiting ...

05 June 2023 /regulation /markets

Johnny Steele Head of Banking, UK & Ireland at SAS

Model risk management: not just for risk models

The PRA’s new supervisory statement extends banks’ model risk management obligations “across all models” - not just capital and stress testing. What steps must banks take to comply? Despite last year’s government pronouncements about rolling back restrictions and cutting through red tape, 2023 is already looking like a big year for regulatory chang...

25 May 2023 /regulation

Retired Member 

UK regulators take aim at archaic data management practices

The increasing availability of data in the finance industry provides firms with the opportunity to gain deeper insights into market trends, customer behaviour, and exposure to risk. With the help of advanced analytics and machine learning, finance firms can use this data to improve their decision-making processes, increase efficiency, and ultimate...

24 May 2023 /security /crime

Robert Houghton Founder at Insightful Technology

Everyone’s unfairly guilty, until proven innocent in the eyes of financial regulators

The recent raids by French prosecutors that targeted the Paris offices of five major banks including HSBC and BNP Paribas on suspicion of fiscal fraud is a serious matter, and it’s one that should not be taken lightly. If the authorities have evidence that a bank or its employees have committed a crime, then they should absolutely investigate and h...

19 April 2023 /regulation /crime

Steve Morgan Banking Industry Market Lead at Pegasystems

What EU 6th AML/CFT Rules Mean for Banking Technology

While Ukrainian war sanctions have dominated the debate about how banks should tighten KYC-systems, there is a parallel major overhaul of the European Anti-Money Laundering and Combating of Financing Terrorist (AML/CFT) rules underway in 2023. This further adds to the strain on the compliance systems of financial institutions operating across Euro...

13 April 2023 /payments /regulation

Ravishankar Poonjolai Consulting Partner at TCS

UK Consumer Duty Regulation – Impact on buy side firms

The Consumer Duty regulation sets higher and more defined standards of consumer protection across UK financial services sectors and requires FCA (Financial Conduct Authority) regulated firms to put their retail market customers’ needs first. This affects financial service providers such as banks, building societies, insurance, life & pension f...

13 April 2023 /regulation /wealth

Mete Feridun Chair at EMU Centre for Financial Regulation and Risk

What does the EBA`s proposal to expand FRTB reporting mean for banks?

The Fundamental Review of the Trading Book (FRTB) was introduced into the prudential framework of the EU by Capital Requirements Regulation (CRR 2) as a regulatory reporting requirement in 2020. The final draft Implementing Technical Standards (ITS) on the FRTB reporting requirements went into force in 2021 as part of version 3.1 of the EBA report...

09 April 2023 /regulation /wholesale

Ellora Roy Senior Manager, Banking & Financial Services, UK&I at Cognizant

Consumer Duty: The frog’s been eaten, what’s next?

With the implementation plans submitted, initial feedback provided, and sector specific guidance letters issued by the FCA - firms are now scrambling to meet the new Consumer Duty [the Duty] rules by the deadline of 31st July ’23. Will all of this be done by then? The answer is a reverberating no. And the scale of work is the least of the reasons...

05 April 2023 /regulation /retail