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Discussion around current trends in regulations for banks globally
On September 24, 2020, the European Commission published the first drafted proposal for a Digital Operational Resilience Act (DORA) as part of the Digital Finance Package (DFP). The aim is to guide
CESOP – An EU-wide VAT transactional reporting obligation for payment service providers If your business provides payment services in scope of the EU PSD2 legislation, you may be required to report tr...
Central banks and financial supervisors worldwide are making progress in the identification, assessment, and management of climate-related financial risks. Banks are increasingly being required by ...
Financial services providers operate some of the most critical systems that both consumers and businesses interact with on a daily basis. Everything from buying a coffee to paying an invoice or taking...
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 inves...
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 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 th...
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 doe...
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 ...
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 tran...
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. ...
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)...