Tag: Banks

The escalating complexity and volume of financial regulations have escalated the resource demand for regulatory reporting. Banks, insurance firms, and capital market companies are under immense pressure to maintain impeccable data and reporting functions. These functions are not just critical to evade compliance issues, but also for the optimisation of processes to prevent further strains on the operational budget.

In the high-speed and complex financial landscape we find ourselves in today, one of the most significant hurdles to overcome is the ever-present threat of financial crime. Acuminor has outlined how firms can leverage risk assessment processes to boost optimization, customer satisfaction and competitive advantage.

New accounting guidance from the US Securities and Exchange Commission (SEC) has potentially hamstrung banks’ crypto projects, Finextra has claimed.

A report by the European Central Bank (ECB) has found that banks are partially or completely missing climate risk goals.

A barometer measuring the climate risk preparedness of the global banks and asset managers has found a lot still needs to be done in terms of practical implementation.

The Monetary Authority of Singapore (MAS) has revealed it has been working with legal and industry partners to develop a platform to help banks securely share information.

The European Banking Authority (EBA) has completed its study of the cost of compliance of European Economic Area (EEA) banks with the supervisory reporting requirements.

Banks are better at building apps than insurers, according to new research from digital transformation company Mobiquity.

The US conflict with Iran has caused several American regulators to warn businesses that the risk of cyberattacks is on the rise.

British banks have disagreed on how fraud victims should be compensated, leading to people having fallen prey to bad actors potentially being left with reduced reimbursement options in January.