Fighting financial crime will continue to be a key focus for the global financial industry in 2020. Regulators show no sign of easing up on their expectations with respect to Anti Money Laundering (AML) compliance, especially given the findings of the EU’s postmortem report on recent money laundering cases involving EU banks, the high profile … Continue reading Our 2020 Financial Crime Predictions
Our Associate Lilia Tira recently discussed all things RegTech with Rachel Przybylski, Regulatory Affairs and Company Secretary at Saxo Markets UK. Rachel Przybylski Saxo Markets is a UK FCA regulated entity of Saxo Bank AS, which is headquartered in Denmark. The Saxo Bank Group is a provider of electronic trading and investment services, entering the market … Continue reading Regulatory Challenges of Saxo Bank
As with all markets, the RegTech market comprises buyers and sellers - buyers being the regulated institutions dealing with the challenges of ever-increasing regulation and the sellers are the RegTech vendors, offering innovative technological solutions to help regulated firms meet those challenges. Sitting between both sides of the market, here at RegTech Associates we are … Continue reading Navigating the Fog of RegTech Innovation
In discussion with Farah Shaikh, Trade Finance Expert, member of the ITFA* FinTech Committee Tell us about Trade Finance - how big is this market? In simple terms, when goods are exported, the exporter will require payment for the goods in advance of the shipment, meaning the importer bears the risk of those goods not … Continue reading Trade Finance: the challenge for RegTech
RegTech Associates were in discussion with Richard Fenner, Manager, Regulatory Affairs, World Federation of Exchanges (WFE) Part 1 - The current situation, as evaluated by the WFE What is the WFE and what do you do? The WFE is the global body that brings together the exchange and Central Counterparty clearing (CCP) community. We represent … Continue reading The role of RegTech in the future of markets: Part 1
If you’ve been following the work of the FCA’s RegTech team over the last few years, you’ll be aware of the cutting-edge research they (and a cross-industry project team) have been doing to explore the art of the possible for Digital Regulatory Reporting (DRR). In collaboration with the FCA, we convened an industry roundtable in … Continue reading Semantic Shortcuts to Digital Regulatory Reporting
Our newest RegTech Associate and Conduct Risk Expert, Emma Parry, talks about some of the challenges and opportunities firms are facing as they address the requirements of the emerging Accountability regimes. With input from John O'Dwyer of Axiom HQ. With focus on the extension of the Senior Managers and Certification Regime (SM&CR) in December 2019 … Continue reading What’s on the horizon for Accountability Regimes?
Teana Baker-Taylor is the Executive Director of Global Digital Finance Firstly, can you tell us about yourself and your background? I am the executive director for Global Digital Finance, which is a members association facilitating the development of standards and best practices for the blockchain, crypto and digital assets industry through the creation of a … Continue reading GDF – Setting the conduct standards for Crypto & Digital Assets
Both UK Financial Regulators - the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) - issued their 2019/20 business plans just before Easter. These plans lay out the work programmes of each authority for the next twelve months, making them an essential read for firms with products that support the compliance of regulated … Continue reading Top Ten Highlights for RegTech from the PRA & FCA 2019/20 Business Plans
Earlier this month we were asked to comment on the Danske Bank money-laundering scandal and the accusations that had been levelled at the Danish Financial Supervisory Authority of regulatory capture. This scandal is a salutary tale of whistle-blowers being ignored, of (perhaps) blind eyes being turned and potentially, regulatory forbearance in a situation where really … Continue reading …what it is and what it is not.