Managers of Wealth Fintech

Keeping Pace in the GDPR Race: A Global View of GDPR Progress - McDermott Will & Emery

More than half of the US company respondents apply GDPR data subject rights to both US and European employees.

Crypto complaints on the rise, says Fais Ombud

But definition and categorisation of virtual currency is creating difficulties.

Understanding the strategic and regulatory risks of artificial intelligence in financial services

World Economic Forum and Deloitte explore the risks inherent in deploying artificial intelligence in the financial sector, as well as strategies for mitigating them.

$722 million cryptocurrency Ponzi scheme

Withers is aware that some of our clients may have invested in BitClub Network, and may be affected by the alleged Ponzi scheme.

Bank of England consults on its proposals for stress testing the financial stability implications of climate change

The Bank of England has published a discussion paper which sets out its proposed framework for the 2021 Biennial Exploratory Scenario (‘BES’) exercise.

$7 Million Insider Trading Probe Charges IT Staffer At $22 Billion Cybersecurity Company

Palo Alto Networks provides tools to prevent insiders from stealing data. Now one of its own is accused of using confidential information for illegal stock trades

The CSDR Journey

Track the Central Securities Depository Regulation timeline so far to assist your preparation for what’s next.

FCA announces registration fees for cryptoassets AML/CTF regime

From 10 January 2020, businesses carrying on certain cryptoasset activities will be in scope of these regulations.

Goodbye LIBOR, Hello SOFR By Katherine Pearce and Nick Nolan

With LIBOR ending, the LSTA has laid out several key considerations that accounting systems will need to address moving forward.

Podcast: Central Banking launches Tech Talk series

In the inaugural episode, Rachael King and Adam Csabay cast a critical eye over some of the biggest fintech developments of 2019

BigTechs Could Raise Issues for Policymakers: FSB

While the activities of BigTech firms in the financial services sector have numerous benefits – including to promote financial inclusion and innovation in financial services – they can also pose risks to financial stability, the the says.

FSB reports on BigTech in finance and third party dependencies in cloud services

The entry of BigTech firms into finance has numerous benefits, including the potential for greater innovation, diversification and efficiency in the provision of financial services.

5 Asian Firms Named Top 100 Global Regtech Companies for 2020

Centenal’s award-winning CRS Expert is the first-of-its-kind regulation engine that transformed the Common Reporting Standard

BNY Mellon connects custody systems to SimCorp Dimesnion

The partnership aims to accelerate the optimization of typically manual investment workflows

UAE bank told to pay for Dh4.7 million after SIM swap fraud

Court judgment a wake-up call to banks to tighten security, says lawyer

RiskAvert upgraded with new features

The Securitisation Regulation consolidates the patchwork of legislation governing European securitisations and introduces the long-awaited rules for issuing simple, transparent and standardised transactions.

The view from the regulator on Operational Resilience by Megan Butler

The proposals in the Consultation Papers make it clear that we expect you to understand your vulnerabilities, invest in protecting those and protecting yourselves, consumers and the market.

Joint statement by the Council and the Commission on "stablecoins"

When a "stablecoin" initiative has the potential to reach a global scale, these concerns are likely to be amplified and new potential risks to monetary sovereignty, monetary policy, the safety and efficiency of payment systems, financial stabili

MiFID II: ESMA first review report on the development of prices for market data and on CT

The ESMA review found that, to date, MiFID II has not delivered on its objective to reduce the cost of market data charged by trading venues and Approved Publication Arrangements

South African Bank Introduces Cryptocurrency Guidlines

Bitcoin and any of its altcoin relatives would also be subject to this statute.

Legal,Regulation,Tax & Compliance