Proactive Conflict Management: The Future of Compliance in Financial Firms
The contemporary regulatory environment has ushered in an era where the financial penalties and reputational damage of regulatory fines are intolerable for firms. The...
Ready for ESG reporting season? Strategies for effective sustainability reporting
As the season for sustainability reporting draws near, organisations are presented with a golden chance to underline their dedication to ESG (Environmental, Social, and...
Managing insider information: The crucial role of MAR in the digital age
The European Market Abuse Regulations (MAR) have been at the forefront of the financial regulatory landscape since July 2016. Despite its six-year presence, compliance with MAR regulations remains a consistent priority for regulators across Europe, including the UK. Regulatory enforcement continues to unveil that firms still grapple with adherence to rules governing the management of material nonpublic information (MNPI).
How the Americans with Disabilities Act continues to inspire change
The Americans with Disabilities Act (ADA), enacted on July 26, 1990, has been a groundbreaking piece of legislation promoting accessibility, equality, and inclusion for people with disabilities (PWD). With around 61 million individuals in the US living with a disability, the act recognises disability as the largest minority group, covering a wide range of physical or mental impairments.
FCA Consumer Duty Countdown: Are firms ready?
The final deadline for compliance with the UK Financial Conduct Authority's (FCA) new Consumer Duty is swiftly approaching in July 2023. The regulatory agency has been actively providing guidance, conducting multi-firm reviews, and sharing specific industry insights in the form of Dear CEO Letters to ensure that firms are adequately prepared for the implementation.
UK and Singapore boost collaboration in sustainable finance and FinTech initiatives
At the recent 8th UK-Singapore Financial Dialogue held in London, the United Kingdom and Singapore underscored their commitment towards enhancing collaborative efforts.
The Dialogue acted...
The US-Hungary Tax Convention Termination: Unpacking its Implications for Financial Institutions
The US Treasury recently made a significant announcement concerning its diplomatic ties with Hungary. On 8 July 2022, the United States notified Hungary that it would be terminating their Tax Convention. According to information disseminated by the US Treasury, this termination is set to take effect on 8 January 2023.
Canada’s OSFI eyes risk management with proposed Crypto-asset guidelines
The Office of the Superintendent of Financial Institutions (OSFI) is taking strides to adapt to the rapidly changing digital asset landscape. Reflecting the shifting risk environment and emerging global patterns, OSFI is introducing modifications to its capital and liquidity guidelines for crypto-assets.
Harnessing FinTech for sustainable power: a guide to Scope 2 emissions reporting
In a world increasingly conscious of the environmental impact of business operations, reporting electricity usage is now a crucial part of corporate responsibility. Compliance...
Hawk AI and Fourthline combine forces to escalate next-gen AML and KYC initiatives
Hawk AI, the leading provider of artificial intelligence (AI) based AML surveillance technology for banks, FinTechs, and payment firms, has announced a strategic partnership...
