On August 31st, 2017, The Basel Committee on Banking Supervision (BCBS) released a consultative document on potential fintech implications for banks and its supervisors in the Financial Services sector. The paper explains how innovative financial technologies disrupt the financial sector, specifically in the banking industries. BCBS assesses the impact of fintech products and services with […]
On 29 June 2017, the Basel Committee on Banking Supervision (BCBS) published a consultative document on a simplified alternative to the standardised approach to market risk capital requirements. The simplified approach to market risk capital requirements is aimed at financial institutions which are less active on an international scale and not large in nature. The
On July 5th 2016, the European Commission published a proposal to amend the Fourth Anti-Money Laundering Directive (AMLD4). Slightly more than one year later, the regulation marks its implementation date. As of June 26th 2017, all obliged entities will have to comply with the new framework. AMLD4 aims to mitigate the heightened risk of money laundering
EU’s Fourth Anti-Money Laundering Directive is Effective Read More »
An article has been featured on one of the top leading consultancy websites where our Senior Consultant, Paul Nielsen, reflects on the growing trend towards RPA adoption across the globe, and provides an overview of the trade offs involved. The article can be found here.
Our perspective on the RPA adoption trend on Consultancy.uk Read More »
On February 23rd 2017, the European Banking Authority (EBA) announced the final Regulatory Technical Standards (RTS) on secure customer verification and communication. The European Central Bank (ECB) and EBA have been working closely together in order to finalise the RTS under the PSD2 regulation. The final RTS offers a strong foundation for an open and
EU and U.S. regulators have ultimately defined the final follow-up steps regarding the Solvency II negotiations. The agreement relates to ensuring consumer protection and to contributing to a heightened regulatory certainty for insurers and reinsurers active in the EU and U.S. zone. The Solvency II reconciliation paper comprises of three areas which are significant to
EU and U.S. Find Middle Ground on Solvency II Equivalence Read More »
Santander leaving the R3 Blockchain technology consortium is another sign that Blockchain is approaching the ‘Peak of inflated expectations’. Every financial institution has initiatives or Blockchain proof of concepts in progress but industry wide adoption will only be established when the ‘Through of Disillusionment’ phase in the Hype Cycle is passed. Gartner Inc’s ‘Hype Cycle
The Peak of the Hype Cycle of Emerging Technologies Read More »