Banking Regulations

Discussion around current trends in regulations for banks globally

Retired Member 

Are you ready to prove the sustainability of your investment products?

Aiming to guarantee UK’s place in the forefront of sustainable investment internationally, the FCA has just launched their consultation paper on Sustainability Disclosure Requirements (SDR) and investment labels. According to the regulator, the market for UK-listed investments funds grew 64% in 2021 to reach 79 billion pounds ($89.34 billion). Ho...

07 November 2022 /regulation /wealth

Luke Firmin 

Top challenges in complying with sanctions regulations

The sanctions environment has become a whole lot more challenging in recent months. It’s not just the war in Ukraine and the swingeing changes that have been made to sanctions regulations in light of the conflict. In the UK, the FCA has recently advertised its new reporting mechanism for sanctions breaches and deficiencies, as well as bolstering ...

13 October 2022 /regulation /crime

Retired Member 

Accelerated Settlements - want to get ready for T1? Then it is already time to plan for T0

The journey of US Settlements has progressed significantly over the last couple of decades - from T+3 in 2008, to T+2 in 2017. It has received a further thrust with recent recommendation of the Depository Trust & Clearing Corporation (DTCC) for moving to T+1, by H1 2024. This is a logical continuation of accelerating settlements as...

12 October 2022 /regulation /markets

Luke Firmin 

Sanctions and how they affect firms – the current state of play

Sanctions are a massively complex area. But all too often, financial institutions think sanctions adherence is fairly straightforward – it’s just checking a list to ensure an individual or company doesn’t appear on it, right? Wrong. Sanctions are far more multi-dimensional and nuanced than that. The UK implements a range of sanctions regimes throug...

05 October 2022 /regulation /crime

Retired Member 

RBI Regulatory Sandbox is Shaping the Future of Indian Banking

Recently, there was a lot of buzz around how the RBI has found four viable products for cross-border payments under its regulatory sandbox. Many of our readers and colleagues didn’t know/hadn’t heard of ‘Regulatory Sandbox. In this blog, we deconstruct what a regulatory sandbox is and how it shapes the disruption in the traditional financial secto...

15 September 2022 /payments /regulation

Mete Feridun Chair at EMU Centre for Financial Regulation and Risk

Counterparty Credit Risk: Why should Basel Committee revisit SA-CCR?

The Basel Committee on Banking Supervision's (BCBS) Standardised Approach to Counterparty Credit Risk (SA-CCR) was introduced to improve the risk sensitivity of capital framework for derivatives transactions without creating undue complexity for banks. One of the Committee’s key objectives in formulating the SA-CCR standard was to design an appro...

06 September 2022 /regulation /markets

Steven Rackham CTO for Financial Services at NetApp

Can the hybrid cloud alleviate the issue of cloud concentration risk in the FS sector?

The financial services (FS) sector is the engine behind the economy of the United Kingdom and virtually every other developed economy, contributing around 8.6% to the total economic output in the UK. Resilience is therefore critical for the FS sector, to keep the lights of the UK economy firmly ‘on’ for both businesses and the people that rely on ...

24 August 2022 /retail /wholesale

Joost Van Houten Founder & CEO at Sentinels

Advancing AML: Why ultimate beneficial owners must be properly identified

In March 2022, global regulatory watchdog the Financial Action Task Force (FATF) adopted amendments to Recommendation 24 (R.24) of its 40 Recommendations that govern global anti-money laundering (AML) policy. This concerns Ultimate Beneficial Ownership (UBO), i.e., the person who profits from money moving into or out of a business. These are signi...

01 August 2022 /regulation /crime

Ben O'Brien Managing Director at Jaywing

The PRA’s new ‘Simpler regime’ – Is your firm in or out of scope?

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 Strong and Simple Framework: a definition of a Simpler-regime Firm”. As the name suggests, this latest publication outlines the proposals for the defin...

25 July 2022 /regulation

Nish Kotecha Co-Founder & Chairman at Finboot

ESG’s “Waterloo” moment

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 singers were holograms created with weeks of performing on a stage in Stockholm, in front of hundreds of cameras collecting their every movemen...

05 July 2022 /regulation /crime