With many years of supporting the financial services industry now under my forever-expanding belt, I have decided risk-averse compliance teams are contributing to the ruination of significant areas of the world. Not my compliance team at the excellent institution at which I work, of course: they walk the tightrope of ethical rectitude and commercial sensibility with grace, humour, and dashing good looks, as anyone who knows them will attest. I mean other compliance teams out there in the world of finance. Possibly yours, if anyone other than my curious co-workers are reading this.
Evaluating Regulatory Risk Management in the financial industry to an effective business management practice
How Agile Regulatory Technology Is Helping Firms Better Understand and Manage Their Risks
The Financial Conduct Authority (FCA) has today published new proposals on advice relating to pension transfers where consumers have safeguarded benefits, primarily for transfers from defined benefit to defined contribution pension schemes.
Exclusive interview with Gibraltar Deputy Chief Minister Joseph Garcia conducted by International Investment Deputy Editor Gary Robinson, in June 2017.
Six months ahead of the MiFID II (Markets in Financial Instruments Directive) implementation deadline, alternative asset managers still face uncertainty, with 34% of firms undecided for example on how to pay for research, according to a survey by the Alternative Investment Management Association (AIMA).
Blockchain, or distributed ledger technology, is a transaction processing and settlement system where information about a transaction or an asset can be cryptographically digitized, stored and securely shared through a peer-to-peer network, allowing participants to transact without intermediaries while maintaining a secure encrypted audit trail.
The Wolfsberg Group is pleased to publish updated guidance as to how Financial Institutions (FIs) should handle the money laundering risks posed by Politically Exposed Persons (PEPs). This updates the guidance initially issued in 2003 and the Frequently Asked Questions issued in 2008.
The size and purpose of government – and regulation – has been debated ... well forever. On the one hand, we want markets, firms and individuals in these markets to act and move freely. On the other, if we do not regulate behavior, firms and individuals make decisions that might have detrimental effects on others, on firms and even markets.
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