Insight Search Search Submit Sort by: Relevance Date Search Sort by RelevanceDate Order AscDesc Whitepaper July 21, 2022 Customer remediation: Making it right (and better) In our Compliance Priorities for 2022 in the Financial Services Industry, we emphasised the interconnectivity among the risks we identified, including how the pandemic, the global focus on environmental, social and governance (ESG) issues, and continued regulatory emphasis on culture and conduct were combining to shine a bright light on how financial institutions (used broadly herein to refer to… Flash Report June 8, 2023 U.S. Banking Regulators Finalise (Finally) Revised Third-Party Risk Management Guidance On Tuesday, June 6, 2023, the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (collectively, the agencies) issued the “Interagency Guidance on Third-Party Relationships: Risk Management.”[1] This marks the long-awaited finalisation of the proposed guidance that was initially issued on July 19,… Blogs June 30, 2023 How will the incoming PSR APP fraud reimbursement requirement affect Payment Service Providers? On 7 June 2023, the Payment Systems Regulator (PSR) issued a policy statement ‘Fighting authorised push payment fraud: a new reimbursement requirement’ in response to the September 2022 consultation which outlined the PSR’s recommendations for tackling increased authorised push payment (APP) fraud. The recent statement outlines the incoming requirements for Payment Service Providers (PSPs) within… Blogs June 22, 2023 Harnessing Analytics to Streamline and Automate Your Control Environment In an increasingly complex business landscape, organisations confront mounting challenges linked to their operating models and cost management. These pressures are prompting a discernible shift in focus towards streamlining and simplifying controls to cut costs, boost responsiveness and enhance the control environment. Central to this evolution is recognising that a well-structured control… Video June 23, 2023 Video | The Countdown to DSA Compliance A new and dramatic approach to regulating big technology firms is coming into force across the European Union. The Digital Services Act (DSA), which the European Council signed into law on September 15, 2022, aims to protect the digital space against the spread of illegal content, particularly on social networks, content sharing platforms and e-commerce sites. The countdown has begun for entities… Whitepaper November 18, 2022 Navigating the Intersection of ESG and Money Laundering: How Financial Institutions Can Prevent Environmental Crime Environmental protection laws have been in place in many countries for more than 50 years.1,2 The United Nations Environment Program (UNEP) and the International Criminal Police Organisation (Interpol) have highlighted the rise of environmental crime, its links to bribery and corruption, and its devastating impact on environments globally.3 But despite the strong connection to money laundering… Whitepaper November 18, 2022 Managing credit risk in a differentiated downturn In this issue of the Credit Pulse, we look at credit risk considering the macroeconomic and geopolitical trends likely to shape the financial services industry over the next six months. First, we focus on critical considerations for loan servicers in the post-pandemic era. Then, we discuss risk management practices for non-financial organizations that extend trade credit and institutions that… Whitepaper November 21, 2022 Preparing financial institutions for an unfamiliar economic downturn We are in unusual economic times. While making predictions may be a fool’s errand, the aggressive posturing among central banks to fight runaway inflation implies that we will soon be — if not already are — in the late stage of the economic cycle. However, considering the past several months of mixed economic data, the outcome of the downturn and the developments that drive it are likely to look… Whitepaper November 24, 2022 The Global Consequences of Europe’s New Digital Regulatory Regime Why technology companies should care about the EU’s Digital Services Act A new and dramatic approach to regulating big technology firms is coming into force across the European Union. The Digital Services Act (DSA), which the European Council signed into law on September 15, 2022, aims to protect the digital space against the spread of illegal content, particularly on social networks, content… Whitepaper December 11, 2022 Positioning Asset Managers to Withstand Economic Sanctions Governments around the globe have engaged increasingly in offensive economic-sanction tactics in response to geopolitical conflicts, social injustice and violations of basic human rights. For fear of not being able to exit positions, leery market participants and investors have been swift to react. The economic ramifications of sanctions extend beyond the borders of the sovereign nations upon… Load More
