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Items tagged with "Regulation"

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EBA announces achievements in EU Supervisory convergence

Supervisory practices across the EU are increasingly in alignment, according to a recent European Banking Authority (EBA) report.

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World Bank: Credit Data Key In a Crisis

This week a World Bank Group cautions against making Covid-19 related regulatory allowances that reduce the utility of essential credit-related data. Disruptions in supply chains and reductions in demand have had a huge impact on profitability during the pandemic. In order to avert a credit freeze, regulators worldwide have introduced unprecedented financial measures – from […]

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Africa’s Standard Bank urges Regulators to ease Digital Trade

Africa’s Standard Bank has urged regulators to amend regulations that restrict digital trade in order to ease the economic impact of Covid-19. Vinod Madhavan, head of trade for Standard Bank Group, highlighted how the current limitations on movement have had a significant impact on trade – and created an opportunity to digitise trade, which traditionally […]

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UK launches Regulatory Roadmap

In difficult times like these it is especially useful for firms to have a clear picture of any upcoming regulatory changes that they need to prepare for. That’s why several of the UK’s regulatory authorities have launched the Regulatory Initiatives Grid initiative, designed to act as a roadmap which will help financial firms prepare for […]

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EU publishes Anti-Money Laundering Plan

This week the European Commission outlined its approach to strengthening the EU’s anti-money laundering (AML) and Countering the Financing of Terrorism (CFT) framework. The plan sets out multiple measures the Commission will take over the next 12 months to better enforce, supervise and coordinate the EU’s rules in this area. The measures include ensuring that […]

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Reg-Tech Solutions sought in Innovation Sprint

Increasing digitisation has opened up many avenues for new technology to transform the world of regulation. The G20 and Bank for International Settlements (BIS) have launched the G20 TechSprint Initiative to explore ways in which technology can help solve some of the most pressing compliance and supervision challenges – challenges now compounded by the Covid-19 […]

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SEC underlines importance of Disclosures in fight against Covid-19

“Forward Looking Statements” have a specific meaning in securities law and regulation. Academic, regulatory and market literature is filled with the pros and cons of companies providing information in their financial statements that help users understand what might impact future earnings and cashflows and that isn’t based on historical facts. If in January you had […]

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ESMA on ESG Enforcement Actions

The recent European Securities and Markets Authority (ESMA) annual report on enforcement of corporate disclosure demonstrates the increased attention paid by regulators to Environmental Social and Governance (ESG) disclosures. The report presents the 2019 activities of ESMA and European accounting enforcers when examining the compliance of financial and non-financial statements provided by European issuers. Enforcement […]

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Regulators take action on COVID-19

As we have seen over the past few weeks, in response to difficult working and economic conditions caused by the COVID-19 pandemic many financial regulators around the world are taking action to ease the effects on business. In order to ensure banks can focus their full attention on the unfolding economic issues surrounding COVID-19, the […]

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An AI Regulatory Roadmap

A recent Centre for Finance Technology and Entrepreneurship (CFTE) paper develops a regulatory roadmap for addressing the increasing role of AI in finance, focusing on how human involvement can deal with ‘black box’ issues. The paper identifies three regulatory challenges from AI in finance. Firstly, AI algorithms increase information asymmetries between various users and developers. […]

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