Jean-Paul Servais, chairman of the Financial Services and Markets Authority (FSMA), has been re-elected as vice-chairman of the International Organization of Securities Commissions (IOSCO) and to chairman of the Europees Regionaal Comité.
The Financial Conduct Authority (FCA) has announced new proposals designed to protect millions of people who use overdrafts and high-cost credit. The changes the FCA are consulting on follow an in-depth review into the high-cost credit market and are expected to reduce the costs for consumers and give them greater control over their finances. These changes are wide-ranging and some specific proposals are being consulted on from today. In addition, the FCA will gather additional evidence and carry out further analysis before any formal decisions can be made on a number of other issues.
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The Financial Conduct Authority (FCA) has published a Decision Notice, which sets out its decision to ban Darren Lee Newton from working in any regulated activity in the financial services sector. Mr Newton is disputing the FCA’s decision and has referred the matter to the Upper Tribunal at which the FCA and Mr Newton will be able to present their cases. Accordingly, this decision notice has no effect pending the determination by the Tribunal.
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Speech by Christopher Woolard, Executive Director of Strategy and Competition at the FCA, delivered at the Anti-Money Laundering TechSprint, London: “The FCA’s own financial crime survey, in which firms submitted a year’s worth of data, showed that employees at all levels raised over 920,000 internal suspicious activity reports to their money laundering reporting officers. Meanwhile, more than 1.1m prospective customers were refused services amid financial crime concerns. This isn’t just a compliance issue, it’s a human one.”
During the Biannual high-level networking seminar on economic and financial issues, organised by Danmarks Nationalbank, Copenhagen, Ms Sabine Lautenschläger, Member of the Executive Board of the European Central Bank and Vice-Chair of the Supervisory Board of the European Central Bank gave an interesting speech. You can read it on oue website.
Speech by Mr Agustín Carstens, General Manager of the BIS, at the Sveriges Riksbank’s 350th anniversary conference on “350 years of central banking: the past, the present and the future.” The Riksbank’s journey from public savings bank to modern central bank epitomises the central bank as an adaptive, learning and improving organisation. Often crisis spurs adaptation, as it did in 2008. The Riksbank’s evolution points to broad trends in central banking towards fiat money, public governance, centralised payments and a lender of last resort role. Mr Agustín Carstens: “I submit that these trends will persist”.
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Economics and Business environment teaches students how to analyse the financial aspects of the economic business environment. The focus is on businesses in an European …
Today, the General Data Protection Regulation (GDPR) becomes fully applicable to all companies and organisations operating within the EU. The European Data Protection Supervisor welcomes the news that the EU legislator has now reached a political agreement on equivalent rules on data protection in the EU institutions and bodies and they will continue to support the EU institutions to ensure that they are ready to implement these rules from day one, the European Data Protection Supervisor (EDPS) said today.
By Abigail Myers-Antiaye, Global Country Compliance Manager at Tungsten Network
As you may know, the Italian government is on the verge of making all B2B e-invoicing mandatory in an attempt to close its VAT gap. This decision could recover billions but also violates several terms of the EU VAT Directive, potentially pushing the EU to shift its policies. In addition, the Italian Government’s initiative could see a domino effect across Europe as other EU members follow suit.
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Gone are the days when organisations could simply promise a speak up culture. Today, fostering a culture of trust, integrity, and a positive work environment…
Download whitepaperEconomic uncertainty has driven the perfect storm of interlocking risks described in last year’s Risk in Focus in new directions in 2023. Organisations are now…
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Lieve LowetEU Affairs consultant and lobbyist
Elina Karpacheva Chair of the European Compliance Centre based in Sofia, Bulgaria
Ahsan HabibManager, AML Investigation - Correspondent Banking, Royal Bank of Canada
Michael AmadoLawyer in Paris / Lawyer in Canada
Alex MovchanAlex Movchan CIA CICA CFE is the President of the Institute for Internal Controls - Central and Eastern Europe
Elena PykhovaElena Pykhova is a thought leader, influencer and founder of a think tank, Best Practice Operational Risk Forum. 
Daniel VaknineCEO and Partner of Visslan
Nancy MehradAuthor and the CEO and Founder of Registrant Law Professional Corporation
Ajay KataraConsulting Partner and Head the RegTech Portfolio in Banking Risk Management area at Tata Consultancy Services (TCS)
Introduction Aware of the ins and outs of the CSRD in one day During this practical day, you will learn everything about the CSRD quickly…
The EIB, the European Union’s bank, is seeking to recruit for its Group Risk & Compliance Directorate – Regulation and EIB Group Risk Department –…
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ISBN:9791280623188
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The book introduces the key elements contributing to entrepreneurial vitality and sustainability in the medium and long term with a specific focus on digital transformation….
This book provides an understanding of Business Continuity Management (BCM) implementation for local/international construction operations, with a primary focus on Indonesian construction firms as an …
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