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Regulatory reporting and financial crime compliance are data problems too

Regulatory reporting and financial crime compliance are data problems too In a modern economy, the most important costs are transaction costs. And the cost of compliance is fast becoming a major tax on financial businesses. Deloitte has put the cost of regulatory reporting in the banking industry alone at 10 per cent of operating costs,Continue reading “Regulatory reporting and financial crime compliance are data problems too”

A business-like approach to regulating digital assets is working for Gibraltar

A business-like approach to regulating digital assets is working for Gibraltar In January 2018, Gibraltar became the first jurisdiction on the planet to pass into a law a regulatory framework to accommodate financial services based on blockchain. It has helped to attract to the Rock more than a dozen digital financial services companies, including crypto-currencyContinue reading “A business-like approach to regulating digital assets is working for Gibraltar”

In Liechtenstein the token economy of the future is not just visible but understood

Crypto-currency trading provides returns commensurate with the volatility of the asset class, but not many people have subjected the characteristics of the investment to formal analysis. One person who has is Dr Martin Angerer, Assistant Professor of Finance at the University of Liechtenstein in Vaduz.

Effective RegTech is about data not technology

It is not surprising that RegTech attracted so much money and so many entrepreneurs as the Fintech start-up boom took off from 2012. Banks, asset managers and insurers were hit by successive waves of regulation in the long aftermath of the great financial crisis of 2007-08, and automation of transaction monitoring and reporting, KYC, AML, CFT and sanctions screening checks, data protection, mis-selling risk, cyber-security and even operational resilience was an easy sell.

Why evidence trumps assertion in convincing regulators to let the future of finance happpen 

Future of Finance interview with Greg Medcraft, Director of the Directorate for Financial and Enterprise Affairs at the OECD. Greg spoke with Dominic Hobson about the OECD’s Blockchain best practice guidance; Regulation around tokenisation; Digital Identity

What FATF thinks about digital ID, RegTech and SupTech

March 2020 was an important date in the history of digital identity. That month the Financial Action Task Force (FATF), the international regulatory organisation that has for 30 years set the global standards in fighting financial crime, published a paper which stated that digital identity had “reached an inflection point.”

FIRST STEPS ON THE LONG JOURNEY TO PROGRAMMABLE COMPLIANCE (22nd April 2021)

FIRST STEPS ON THE LONG JOURNEY TO PROGRAMMABLE COMPLIANCE (22nd April 2021) A FUTURE OF FINANCE WEBINAR WITH EXPERT PANELLISTS IN DISCUSSION WITH A LIVE AUDIENCE Thursday April 22 2021, 14.00 – 15.00 UK time RegTech is one of the more predictable targets of the FinTechs. The sheer volume of additional regulation imposed on the financial servicesContinue reading “FIRST STEPS ON THE LONG JOURNEY TO PROGRAMMABLE COMPLIANCE (22nd April 2021)”