Banking Regulations

Founded by Breana Patel
Group founded 29 Jan 2018
Posts 153
Members 17
Group summary

Discussion around current trends in regulations for banks globally

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Daniel Schlaepfer

Complex Rules Beget Costly Unintended Consequences

A new report from Acuiti Management Intelligence has found that almost half of EU and UK-based proprietary trading firms are considering moving to a different jurisdiction to avoid increasingly burde...

05 Jun 2023
Johnny Steele

Model risk management: not just for risk models

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’...

25 May 2023
Retired Member

UK regulators take aim at archaic data management practices

The increasing availability of data in the finance industry provides firms with the opportunity to gain deeper insights into market trends, customer behaviour, and exposure to risk. With the help of a...

24 May 2023
Robert Houghton

Everyone’s unfairly guilty, until proven innocent in the eyes of financial regulators

The recent raids by French prosecutors that targeted the Paris offices of five major banks including HSBC and BNP Paribas on suspicion of fiscal fraud is a serious matter, and it’s one that should not...

19 Apr 2023
Steve Morgan

What EU 6th AML/CFT Rules Mean for Banking Technology

While Ukrainian war sanctions have dominated the debate about how banks should tighten KYC-systems, there is a parallel major overhaul of the European Anti-Money Laundering and Combating of Financing ...

13 Apr 2023
Ravishankar Poonjolai

UK Consumer Duty Regulation – Impact on buy side firms

The Consumer Duty regulation sets higher and more defined standards of consumer protection across UK financial services sectors and requires FCA (Financial Conduct Authority) regulated firms to put th...

13 Apr 2023
Mete Feridun

What does the EBA`s proposal to expand FRTB reporting mean for banks?

The Fundamental Review of the Trading Book (FRTB) was introduced into the prudential framework of the EU by Capital Requirements Regulation (CRR 2) as a regulatory reporting requirement in 2020. The f...

09 Apr 2023
Ellora Roy

Consumer Duty: The frog’s been eaten, what’s next?

With the implementation plans submitted, initial feedback provided, and sector specific guidance letters issued by the FCA - firms are now scrambling to meet the new Consumer Duty [the Duty] rules b...

05 Apr 2023
Retired Member

GRC Outlook: Q1 2023 - a look back at all the key UK regulatory updates

Introduction We bid farewell to 2022 with a Christmas present from the Chancellor where he announced and reinforced a spate of new and on-going initiatives for the financial services sector. Continu...

30 Mar 2023
Nevan McBride

Consumer Duty: How data and modelling can detect and prevent consumer vulnerability

The final rules and guidance for a new Consumer Duty, published by the FCA in a policy statement in July 2022, set higher and clearer standards of consumer protection across financial services, and re...

27 Mar 2023
Rajeev Verma

ROLE OF PROCESS MINING IN ENABLING ESG COMPLIANCE

Role of Process Mining in enabling ESG compliance Overview ESG progression in BFSI Industry : Undoubtedly there is never seen focus on environmental, social, and governance issues post-pandemic Co

28 Feb 2023
Steve Morgan

Consumer Duty Standards: How Low Code Tech Will Solve the Back-End Challenges

Many will be keenly aware that the UK’s financial regulator the FCA is asking the retail banking sector to drive ahead with applying tougher customer service standards. With the initial July 2023 dead...

22 Feb 2023

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