Technology is driving greater market transparency for supervisors, however, a lot of data is still going to waste meaning that there is still much work to be done before the data is used to its full potential.
Reporting and Governance
Towards a greener future: a defence of the EU’s taxonomy laws
EU regulators are hoping to attract huge flows of private capital into green investments, through regulatory initiatives such as the green benchmarks, in a bid to create a more sustainable economy
Banks can’t rest on laurels over operational resilience
With a second wave of Covid-19 sweeping through the UK, the operational resilience of banks and their suppliers is once again under the spotlight with many of their staff having to once again work remotely
Spread of transaction taxes raises important operational issues
It is widely assumed that the expense of Financial Transaction Taxes is simply that of the tax itself, but in reality the processes financial firms need to comply with them can be even more costly
Whistleblowing increasingly seen by regulators as important for exposing misconduct
Some regulators are beginning to see the benefits of whistleblowing in helping them route out misconduct, but so far, there is a reluctance to mirror some aspects of the US approach
Preparing for the shift to digital regulatory reporting
The UK regulator’s Digital Regulatory Reporting initiative could dramatically reduce reporting costs, but such digital technologies will require significant investment that financial firms need to prepare for
Banks potentially face more fines following FinCEN money laundering revelations
The world’s largest banks have apparently allowed criminals to launder vast amounts of money through their organisations, according to documents obtained by online news outlet BuzzFeed.
Mixed evidence that green bonds are accelerating transition to low carbon economy
Are green bonds really playing a part in decarbonising the economy? The BIS, for one, has some doubts and to help make sure these securities more closely match their moniker, it has suggested a carbon rating system specifically for firms
Senate suggestions to quickly boost Australian fintech prove controversial
A senate committee has put forward 32 recommendations to produce some quick wins for the Australian fintech and regtech sectors, but its approach on some areas has upset Labour politicians and consumer protection groups
Fragmented approaches undermine the promise of suptech
Like the financial industry itself, regulators are being forced to turn to technology to do their roles better, but their disjointed approach is holding back the potential of suptech.
Most Viewed
- Banks can’t rest on laurels over operational resilience
- Towards a greener future: a defence of the EU’s taxonomy laws
- Spread of transaction taxes raises important operational issues
- Preparing for the shift to digital regulatory reporting
- MLRO’s have key role to play in protecting banks from money laundering risks
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