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Curbing deposit limits for bank customers via Post Offices is an easy win, but for true progress in national anti-money laundering (AML) efforts there is still more to do It makes sense to implement s...
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’...
It's been a difficult few months for the retail sector. The war in Ukraine, the transition to a post-Covid economy, and managing Brexit have created many challenges for retailers. Retail businesses ha...
The payments industry is at a crossroads. It’s witnessed many shifts: from the barter system to cash, from cheques to cards, from cards to digital banking and payments. Payments are now faster, more e...
The UK's relationship with the EU has been tumultuous in recent years, especially in the wake of Brexit. With regards to digital identities, former Prime Minister Tony Blair's, statement that "e...
Recent bank failures in the US and bank acquisitions, on both sides of the Atlantic, are expected to put pressure on banking institutions to examine and rationalise their corporate governance and risk...
Investment firms have very different business models and risk profiles to credit institutions. They facilitate savings and investment flows by providing professional services such as investment advice...
The birth of FinTech or Financial Technology can be traced back to the 1960s as traditional banking paved the way for easier and more efficient transactions through ATMs. But when mobile banking took
As much as we try to get everything right at the outset, sometimes it becomes necessary to renegotiate a contract. Maybe there’s been unforeseen challenges or shifts in the market that might mean you ...
As lenders continue to evolve their credit risk strategies, perfecting how you buy credit bureau data is an important part of that process. But if your process for buying data has weak spots you could...
The EBA/2021/02 guidelines on customer due diligence have changed. With this in mind, what are the factors credit and financial institutions should consider when assessing the money laundering and ter...
In Europe, the second Markets in Financial Instruments Directive and Regulation (MiFID II/MiFIR) have been with us since January 2018. In the preceding months, market participants completed multi-year...