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Discussion around current trends in regulations for banks globally
It’s not news that fraudsters are developing more sophisticated methods than ever before to launder money. But, as Financial Institutions (FIs) are working hard to remove friction from their customer ...
Document remediation projects are not new. Anyone working in Capital Markets in recent years can probably describe the steps involved as they tend to be similar each time. Recent battle scars in the...
Bank Recovery and Resolution Directive (BRRD), one of the components of the EU Banking Package, which was published in the Official Journal of the EU on 7 June 2018 will need to be transposed into EU ...
This is the first piece from an upcoming series of articles about non-dedicated PSD2 interfaces. The scope of these articles is to describe to EU-based ASPSPs that have chosen to provide a non-dedicat...
The regulatory reporting regime for banks and investment firms in the UK is unduly complex. Regulated firms are required to follow guidance from numerous regulatory sources and have to grapple with co...
Payment Services Directive 2 – better known as PSD2 – has been a hot topic since it came into effect in January 2018, with the EU and many banks vigorously pursuing its development. Businesses have u...
Introduction At the European Banking Authority (EBA) Working Group on APIs under PSD2, a number of market participants raised concerns that there could be a potential mismatch, particularly in the cas...
According to PSD2, the financial institutions that act as ASPSPs should have in place at least one interface for regulated TPPs (including other ASPSPs that act as TPPs) for identification and secure ...
One of the key features of the Revised Payment Services Directive (PSD2) and UK Open Banking is the requirement that all (almost) parties engaged in delivering the account information services (AIS) t...
Usually when a new regulation comes in, its goal is to make things more secure, more private, or more inclusive, but often, at the expense of the service provider or convenient ways of working. For on...
Since the first anniversary of Open Banking earlier this year, I – along with much of the fintech industry – have been questioning the progress of the new regulations, what more we can do to improve c...
A new era seems to have arrived, also in Belgium. Degroof Petercam, one of the "old ladies" in Belgian private and investment banking, has been awarded the lowest possible audit-score by the...