Singapore takes fostering fintech seriously and does so by taking a pragmatic and balanced approach ensuring that new ideas are not prematurely snuffed out by overly burdensome rules.
A big part of formulating climate change policy is having the right information. A task force led by the Financial Stability Board hopes to provide just that, following the release of a voluntary financial disclosure regime for publicly listed companies.
This year is set to be crucial in terms of regulation. David Strachan and Scott Martin of the Centre for Regulatory Strategy at Deloitte outline three strategies financial firms can use to help ensure they stay on top of coming changes.
UK fines levied on financial institutions fall to lowest level since before the financial crisis
Deutsche Bank and Crédit Suisse agree to settle with US Department of Justice over selling toxic mortgage products, while Barclays Bank decides to contest the case
Technology is a double-edged sword for banks. On the one hand it is creating new competitors, but on the other it is crucial to the survival of banks in the face of intense regulatory pressure.
Back in late 2015, former Barclays CEO Anthony Jenkins warned that traditional banks face an 'uber moment' as technology and regulation increasingly disrupt their business models. However, banks are increasingly turning to some of those same technologies to fight back
European banks are likely to struggle with new IFRS-9 accounting rules, according to a European Banking Authority survey.
Europe’s future and the Trump presidency are weighing on the minds of compliance professionals, according to research.
IFRS-9 accounting rules will have a big impact on how banks provision for losses, and that influences capital requirements. The Basel Committee on Banking Supervision is therefore suggesting an implementation delay, but even that could have unintended consequences. By Farah Khalique