Wirex adopts cutting-edge policy management solution from Corlytics to enable growth
Wirex, a leading player in payments, has partnered with Corlytics, to bolster its compliance framework and ensure the highest standards of regulatory adherence.
The company has...
What it means for the UAE nearing the end of FATF grey list journey
In a significant development reported in October 2023, the United Arab Emirates (UAE) is on the cusp of being removed from the Financial Action Task Force's (FATF) "grey list."
How technology elevates investor experience and compliance
The asset servicing industry is currently navigating through turbulent waters, marked by escalating fee pressures, rapid technological advancements, stringent regulations, and a volatile macroeconomic...
Navigating new SEC rules: A guide for private fund advisers
The U.S. Securities and Exchange Commission (SEC) introduced a significant regulatory update on August 24, 2023, impacting private fund advisers through the adoption of the Private Fund Adviser Rules. This regulatory shift comprises several key components aimed at enhancing transparency and safeguarding investor interests. Among these, the Adviser-led Secondaries Rule and the Annual Fund Audits Rule stand out for their direct impact on fund management practices, accompanied by the amendment to the compliance review documentation requirements.
Understanding SEC’s latest FAQ on performance obligations for private funds
On the 6th of February, 2024, the Securities and Exchange Commission’s (SEC) Division of Investment Management unveiled a new Frequently Asked Question (FAQ) aimed...
The European Commission answers questions about the 2040 climate target
The European Union is embarking on an ambitious journey to become the first climate-neutral continent by 2050, with a significant milestone set for 2040.
The...
Europe sets the stage for green manufacturing revolution with net-zero industry act agreement
The Council and the European Parliament have made a significant step forward by reaching a provisional agreement on the Net-Zero Industry Act (NZIA).
The NZIA...
Major Chinese Stock Exchanges reveal new mandatory sustainability reporting requirements for firms
China’s major stock markets, including the Shanghai Stock Exchange (SSE), Shenzhen Stock Exchange (SZSE), and Beijing Stock Exchange (BSE), have introduced fresh sustainability reporting...
Ascent acquires Waymark to transform compliance automation
Ascent Technologies, a leading provider of AI-enabled compliance automation solutions for financial services companies, has revealed that it has completed the strategic acquisition of Waymark.
This...
FSB calls for bold steps to preserve cash accessibility
The Federation of Small Businesses (FSB) has recently voiced its opinion on the Financial Conduct Authority (FCA)'s current proposals aimed at ensuring the availability...
