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Tag: UK financial regulation
UK trims MiFIR reporting scope but raises the data bar
The FCA has finalised its biggest shake-up of UK MiFIR transaction reporting since Brexit, and firms hoping for a straightforward compliance breather may be...
How financial institutions can strengthen FCA compliance
Regulatory scrutiny across the UK financial services sector continues to intensify, pushing FCA compliance firmly into the strategic spotlight.
Expectations around consumer protection, record-keeping, evidentiary...
FCA supports fund tokenisation for industry innovation
The FCA has announced new plans to support the adoption of tokenisation in the asset management industry, as part of its broader mission to...
Why culture and AI are key to future financial crime defence
Criminals in financial crime continue to evolve quickly, forcing institutions to stay one step ahead. While technology, regulations and collaborative frameworks have advanced significantly,...
How to register with UK anti-money laundering bodies
The UK’s anti-money laundering (AML) framework places a clear responsibility on businesses to identify and report suspicious financial activity. To support this, companies in...
Basel 3.1: What UK deposit takers need to know
The latest whitepaper from ALMIS International offers essential guidance for UK financial institutions navigating the complexities of the Basel 3.1 and SDDT frameworks.
Scaling Consumer Duty success with digital tools and deterministic models
Since its official launch in July 2023, the Financial Conduct Authority’s (FCA) Consumer Duty has become a cornerstone of UK financial services regulation. Designed...
UK RegTech deal activity dropped by 59% in 2024 with no...
Key UK RegTech investment stats for 2024:
UK RegTech deal activity dropped by 59% YoY
There were zero deals over $100m in 2024 as...
FCA calls for stricter yet fairer treatment of politically exposed persons
The Financial Conduct Authority (FCA) has recently mandated that financial institutions, including banks, payment firms, and lenders, enhance their protocols to ensure fair treatment of politically exposed persons (PEPs).
PIMFA advocates for delay in SDR rules due to implementation challenges
The trade association for wealth management, investment services, and financial advice, PIMFA, has urged the Financial Conduct Authority (FCA) to postpone the introduction of Sustainability Disclosure Requirements (SDR) for portfolio management by a year.
