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.
Regulation & Tax
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.
DBS and IRAS partner to help Singapore be cheque-free by 2025
by Ben Poole
The collaboration is initially focused on digitising tax payments and collections via PayNow.
Deutsche Bank joins the Asia-Pacific Central Securities Depository Group
by Ben Poole
It becomes the first bank associate member of the group.
PIMFA raises concerns about complex MiFID II costs and charges
by Ben Poole
The response to ESMA's call for evidence requests no more rules on the timing, format and presentation of disclosures.
Gresham adds features to its digital integration platform
by Ben Poole
The latest release of Clareti Integration Studio includes full support for SWIFT Standards MT Release 2019.
Singapore initiative helps payment firms access legal services to meet compliance needs
by Ben Poole
The Payments Regulatory Evaluation Programme will connect the payments industry to legal service providers.
Progress on blockchain sandbox celebrated in Lithuania
by Ben Poole
LBChain has already had six fintechs test financial products on the blockchain platform.
Accuity and Chartis research find organisations prioritising accuracy over speed with compliance
by Ben Poole
Overall confidence in technology innovation is outpacing regulation and allowing financial institutions to improve compliance.