FIS’s takeover of SunGard, “Don’t worry, be excited”, says Andrew Bateman
by Kylene Casanova
The new owner understands the dynamics of this industry and what is required to support and grow the business
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R3’s distributed ledger initiative adds 13 additional bank members
by Kylene Casanova
Banks are commiting to distributed ledger technology to advance state-of-the-art technology in global financial markets. R3 now comprises 22 banks
EU’s consultation on modernising VAT for cross-border e-commerce
by Kylene Casanova
The EU has opened a public consultation on VAT rules for businesses selling online in Europe, with a view to extending simplified procedure to retailers of tangible goods.
ESMA publishes technical standards on MiFID II, MAR and CSDR
by Kylene Casanova
The European Securities and Markets Authority has published its final technical standards on some of the most important legislative measures to be introduced following the financial crisis of 2008.
EU and US issue joint statement on financial markets dialogue
by Kylene Casanova
A number of EU and US authorities have met to discuss regulatory developments in financial markets, as part of the Financial Markets Regulatory Dialogue.
No reward without risk: finance is top risk for corporates
by Kylene Casanova
Three-quarters of companies only evaluating their risk profile annually, limiting their ability to react to changes to their risk landscape.
EPC kicks off meetings for SEPA end-users and technical players
by Kylene Casanova
The European Payments Council aims towards greater SEPA transparency with kick-off meetings for technical players and end-users of payments schemes.
EC: Financial professionals back EU corporate tax transparency
by Kylene Casanova
Responses to the European Commission's public consultation on corporate tax transparency show broad support from financial professionals for extending current requirements.
Complex multi-banking and reporting challenges hinder corporates’ view of cash
by Kylene Casanova
Fewer than one in 10 UK corporates have a real-time view of their cash balances, according to a report published today.
Global IPOs raise 75% less in Q3 compared to Q2
by Kylene Casanova
Global initial public offering (IPO) activity has slowed in the third quarter of this year, according to a report from EY.
SWIFT MyStandards technology helps speed up SWIFT and ISO 20022 on-boarding
by Kylene Casanova
New MyStandards Readiness Portal accelerates and simplifies connecting to banks on SWIFT
China announces negative list for reform of foreign investment in business
by Kylene Casanova
The Chinese government has announced a negative list, currently in a pilot phase, of sectors and businesses that are off-limits to foreign investors.
Call for candidates for Corporate Finance consultative working group
by Kylene Casanova
ESMA has launched an open call for candidates for its Corporate Finance Standing Committee’s consultative working group.
Companies must wake up to risk of third party non-compliance
by Kylene Casanova
Auditing third parties for compliance is the number one anti-bribery and corruption challenge for corporates, according to the Global Anti-Bribery and Corruption Survey 2015, by KPMG.
ESMA publishes standards on penalties under UCITS V
by Kylene Casanova
The European Securities and Markets Authority has published its draft implementing technical standards on penalties and measures under UCITS V.
GlobalTrade integrates SWIFT’s Alliance Lite2 with trade finance platform
by Kylene Casanova
GlobalTrade Corporation becomes first trade finance technology provider to use SWIFT’s Alliance Lite2 for Business Applications, offering corporates a single, cost-effective solution to automate trade flows
EU tax committee calls for sanctions on uncooperative corporates
by Kylene Casanova
A European Parliament special committee on tax has shown its frustration at the lack of cooperation with its investigation into tax competition from some of the biggest corporates based in the EU.
Ireland boosts financial hub status with new fintech and payments body
by Kylene Casanova
An industry association has been set up to provide a single voice for Ireland's emerging fintech and payments markets and to establish the country as an international financial services hub.
Tipalti launches first w-8 solution fully integrated with global payment service
by Kylene Casanova
Payments are no longer enough. Need to incorporate tax form compliance within the payment system as the new W-8 Form capability, which meets KPMG review requirements, in Tipalti’s global payment solution shows
“Essential progress” made on EU transaction tax
by Kylene Casanova
A group of 11 EU nations working on developing the basis for a financial-transactions tax have made an important step forward after a meeting in Luxembourg last week.
Are global banks in better shape thanks to Basel III?
by Kylene Casanova
A monitoring report has found that all internationally active banks meet Basel III risk-based minimum and Common Equity Tier 1 target capital requirements.
Market risk at highest level for European securities
by Kylene Casanova
The Trends, Risks and Vulnerabilities Report, which covers market developments from January to June 2015, found that market risk in European securities markets has increased.
1,125 banks sign up for KYC Registry 10 months after launch
by Kylene Casanova
More than 1,125 financial institutions have now signed up to Swift's Know Your Customer (KYC) Registry, which aids compliance with regulations to prevent financial crime.
Barclays first UK bank to offer corporate clients high-tech backup connectivity
by Kylene Casanova
Barclays partners with AccessPay to offer corporates backup channel to support the complexities of global, regional and domestic payment and cash management