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| UK & Europe

FCA proposes enhancements to safeguarding for payments and e-money firms

The long-awaited consultation paper (CP) 24/20 aims to strengthen the safeguarding regime in two stages. The FCA has proposed to give firms six months for the interim rules and a…

| Americas

Investment advisers charged for whistleblower protection rule violations

In recent enforcement actions by the SEC, seven public companies were charged with violating whistleblower protection rule and were required to pay civil penalties as a result. The fines imposed…

| Americas

SEC focus remains on Marketing Rule

We are nearing two years since the adoption of the SEC’s long overdue update to rule 206(4)-1, or the Marketing Rule. And what has previously been referred to as the…

| UK & Europe

What are the Consumer Duty impacts across the Payments sector value chain?

One year after the Consumer Duty came into effect, many payments and e-money firms are continuing implementation and improvement initiatives. While many firms with direct engagement and impact on customers…

| UK & Europe

Safeguarding CP signals move to CASS regime

The FCA’s long-awaited consultation paper to strengthen the safeguarding regime has been published. The FCA is proposing changes to the safeguarding regime in two stages (Interim-State and End-State) with the…

| Asia

Getting your BCM audit on track

With the 6 June audit deadline behind us, firms should have conducted their first Business Continuity Management audit to ensure they comply with the regulatory guidelines, and that the plan…

| UK & Europe

Staying on top of the board: the importance of board evaluation

Two-fifths of the world’s CEOs believe their business will no longer exist in 10 years’ time based on their current trajectories. This stark figure reflects the unpredictable economic conditions, along…

| UK & Europe

Labour initiatives signal changes in mortgage market

The new Labour government has promised to build 1.5 million new homes over the next parliament, with the aim of helping millions of people onto the housing ladder. Labour also…

| Asia

Binance AML failures intensify virtual asset scrutiny

In a major setback for the world’s largest cryptocurrency exchange, a federal judge has ruled that the bulk of the SEC’s lawsuit against Binance can move forward. A recent class…

| UK & Europe

Will the guilty verdict of Birgitte Bonnesen have wider implications for financial crime oversight?

On Tuesday this week, former Swedbank CEO Birgitte Bonnesen was found guilty of gross fraud by a Swedish appeals court over her handling of anti-money laundering protocols in Estonia, sentencing…

| UK & Europe

Payment optionality for investment research

In April this year, the FCA published Consultation Paper (“CP”) 24/7 ‘Payment optionality for investment research’. The paper was in response to industry calls to update the current options and…

| Asia

Asia Newsletter | August 2024

NEWSLETTER: While the recent, global IT outages are already feeling like a distant memory, the reminder of what can go wrong when operational risks emerge continues to linger. Our global…
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