Call for clarification on e-money definition and related fraud reporting requirements
by Ben Poole
Current definitions don't match the market reality for European payment instruments and products.
Regulation & Tax
Red Deer and Cappitech partner on MiFID II reporting
by Ben Poole
The two companies are also targeting best-execution monitoring and MAR compliance.
US and UK lead 2019’s US$8.14bn AML fines
by Ben Poole
Research from Encompass shows that annual AML fines nearly doubled compared to the previous year.
J.P. Morgan 2020 Business Leaders Outlook shows some optimism
by Ben Poole
Executives still see a bright future for business, but global complexity casts a shadow of uncertainty.
LIBOR transition in 2020: Act now!
by Ben Poole
The Bank of England has joined with other regulators to issue a call to action.
Rising global tax scrutiny highlights the case for change
by Ben Poole
GRI’s Tax Standard seeks to address the impact of corporate tax avoidance.
Key challenges as banks roll out big data and advanced analytics
by Ben Poole
An EBA report suggests key safeguards to support ongoing technological neutrality across regulatory and supervisory approaches.
FCA becomes AML and CTF supervisor of UK cryptoasset activities
by Ben Poole
Any businesses undertaking cryptoasset activities is now required to register with the regulator.
CTMcast - 9 January: Weekly review
by Jack Large
Review of the key items and posts covered in the last six days.
ESMA report seeks fee improvements from ratings agencies and trade repositories
by Ben Poole
While the report praises good practices, there are ongoing supervisory concerns.
FCA and Bank of England highlight power of data in financial regulation
by Ben Poole
The two organisations have outlined plans to develop their data and analytics capabilities.
J.P. Morgan Securities open for business in China
by Ben Poole
Approval from the China Securities Regulatory Commission came through at the end of 2019.
Top 10 market structure trends for 2020
by Ben Poole
New Greenwich Associates report finds that technology will continue to drive financial market evolution in the new year.
80% of Asian bankers see themselves as open API losers
by Ben Poole
Fintech gini reveals an industry survey to identify Open Banking opportunities and obstacles.
FSB considers financial stability implications of BigTech in finance
by Ben Poole
The Financial Stability Board is also considering third-party dependencies in cloud services.
Global standard for tax transparency introduced
by Ben Poole
The GRI Tax Standard is designed to ensure multinationals show more transparency around their taxes.
EBA confirms progress in banks’ balance-sheet repair but paints bleak outlook for profitability
by Ben Poole
The report finds solvency ratios remaining stable for EU financial institutions.
Bank of Communications and Bloomberg form global technology and data partnership
by Ben Poole
Both companies will explore collaboration in customised indices for the China market.
Saxo Bank Japan takes regulatory reporting to the cloud with Torstone
by Ben Poole
The Inferno platform's modular infrastructure allows for a phased migration to the solution.
Deloitte’s 2019 Global Corporate Treasury Survey finds increasing concern over lagging systems
by Ben Poole
Visibility of data is also far more of a strategic challenge than two years ago.
ING invests in AI-driven compliance
by Ben Poole
Ascent uses machine learning to help companies build, manage and automate regulatory compliance.
UK businesses report corners cut on supplier vetting and onboarding
by Ben Poole
Companies need to change their approach or face financial penalties and reputational damage.
Deutsche Bank paper explores benefits of real-time cash liquidity reporting
by Ben Poole
The report suggests banks are overlooking the value of this practice.
Deutsche Bank research paper tackles the history and future of debt
by Ben Poole
The report suggests debt, inflation, nominal GDP, yields, and central bank balance sheets could all be set to increase.