Focus Insight
Operational resilience: Developments in the financial services sector in the UK
In recent years, operational resilience has come under the spotlight of financial regulators globally, leading to a proliferation of new regulation…
15 February 2021
Limits to the operation in Italy of UK banks and investment companies after Brexit.
Starting from 1st January 2021, the provision of banking, Financial Investment Services in Italy by British banks, electronic money institutions, and…
15 February 2021
Ukraine: Central bank eases FX regulation of derivative transactions
In an effort to help expand opportunities for businesses and individuals to hedge currency risks, the National Bank of Ukraine has updated…
07 February 2021
Indonesian Central Bank Regulation Introduces New FDI Restrictions in Payments Sector
Shortly before the New Year, Indonesia's central bank, Bank Indonesia ("BI"), issued Regulation No. 22/23/PBI 2020 on payment systems (the…
05 February 2021
Stalled at the lights: meeting regulatory expectations for operational resilience
Don’t forget about the key capabilities needed to deliver operational resilience programmes successfully, writes Sundeep Gupta, a managing consultant at PA Consulting in London.
03 February 2021
Romania: New regulation for the authorisation of credit institutions
In follow-up to our summary regarding the preliminary evaluation for the banks' authorisation, as detailed in Regulation no. 12/2020…
03 February 2021
European Commission intensifies work on new EU AML watchdog
Despite several adjustments of the EU anti-money laundering (AML) framework, the current regime has not been able to prevent a series of major money…
03 February 2021
Regulating how we ay, Bank Indonesia issues new rule on payment system
At the end of last year, Indonesia’s central bank, Bank Indonesia or BI issued a regulation on the payment system (BI Regulation No. 22/23/PBI/2020)…
02 February 2021
Disclosure of climate change-related risks in the Swiss financial sector
The Swiss Financial Market Supervisory Authority (FINMA) - a member of the Network for Greening the Financial System (NGFS) since 2019 -…
02 February 2021
FinCEN announces $390,000,000 civil penalty against Capital One for Bank Secrecy Act violations
On January 15, 2021, the Financial Crimes Enforcement Network (“FinCEN”) announced that Capital One, National Association (“CONA”) had been fined…
02 February 2021
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