regulatory-framework
BankingBank of England eyes growth with lighter bank capital reforms for UK lenders
TechnologyHow the proposed U.S. “Protecting consumers from payment scams act” could impact financial institutions’ fraud prevention efforts
FinanceNavigating the complexities of internal client money reconciliations
BusinessThe hidden price of communications non-compliance
India’s paytm gets warning from markets regulator for old transactions with banking unit
Date: July 16, 2024
BENGALURU (Reuters) – Paytm received an administrative warning from India’s markets regulator for certain transactions with its banking unit in the fiscal year 2021-22, the fintech firm said in an exchange filing. The Securities and Exchange board of India (SEBI), in the latter dated July 15, said some transactions between Paytm and the now...
What DORA & NIS2 means for financial institutions
Date: June 28, 2024
What DORA & NIS2 means for financial institutions By Ben Stickland, Hive Member at CovertSwarm The Digital Operations Resilience Act, or DORA for short, is a new EU regulation aimed at improving the cyber resiliency of EU-based financial institutions. The NIS2 directive is an EU-wide legislation which asserts that ‘essential’ and ‘important’ entities, including financial...
Lufthansa raises ticket prices to meet environmental requirements
Date: June 25, 2024
Lufthansa raises ticket prices to meet environmental requirements (Reuters) -Lufthansa will increase ticket prices on all flights departing from EU countries, Britain, Norway and Switzerland by between 1 euro and 72 euros($1.07-$77.24) as environmental costs rise, the company said on Tuesday. The airline said the surcharge will “cover part of the steadily rising additional costs...
Credit suisse collapse showed weakness in regulatory framework: SNB
Date: June 20, 2024
Credit Suisse collapse showed weakness in regulatory framework: SNB ZURICH (Reuters) – The collapse of Swiss bank Credit Suisse last year has highlighted weaknesses in the regulatory framework, the Swiss National Bank said on Thursday. “The SNB shares the Federal Council’s view concerning need for action in the areas of capital requirements, liquidity requirements, early...
Navigating the complexities of transaction reporting
Date: June 17, 2024
Navigating the complexities of transaction reporting Paul Joseph, Global Relationship Manager, Consulting at Davies Over recent years, we have seen many banks impacted by substantial regulatory imposed penalties relating to erroneous transaction reporting and/or inadequate processing controls. These high-profile incidents highlight the critical importance of transaction reporting, which must adhere to regulatory requirements but also...
With potential change on the horizon for non-compete clauses, how can you protect your business’s confidential information?
Date: June 3, 2024
With potential change on the horizon for non-compete clauses, how can you protect your business’s confidential information? By Anna Birtwistle, Partner, and Tom Cleeve, Associate, Farrer & Co Over the last 12 months, “non-competes” – clauses which prevent an individual joining a competitor for a certain period following termination of employment – have been the...