Read more about the article BIS and Central Bank Partners to Explore Protocols for Embedding Policy and Regulatory Compliance in Cross-border Transactions

BIS and Central Bank Partners to Explore Protocols for Embedding Policy and Regulatory Compliance in Cross-border Transactions

  • Post author:
  • Post category:

Project Mandala looks to automate compliance procedures, provide real-time transaction monitoring and increase transparency and visibility around country-specific policies. The project explores the feasibility of encoding policy and regulatory requirements into a common protocol. It is a joint collaboration between BIS Innovation Hub (BISIH) Singapore Centre, Reserve Bank of Australia (RBA), Bank of Korea (BOK)

Continue ReadingBIS and Central Bank Partners to Explore Protocols for Embedding Policy and Regulatory Compliance in Cross-border Transactions
Read more about the article ESAs publish Joint Committee Work Programme for 2024

ESAs publish Joint Committee Work Programme for 2024

  • Post author:
  • Post category:

The Joint Committee of the European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) publishes today its Work Programme for 2024, outlining the areas of work and planned deliverables in 2024. During the year 2024, the Joint Committee will focus on the following areas: consumer and investor protection, operational resilience, financial conglomerates, and securitisation.

Continue ReadingESAs publish Joint Committee Work Programme for 2024
Read more about the article ESMA to launch Common Supervisory Action on MiFID II sustainability requirements

ESMA to launch Common Supervisory Action on MiFID II sustainability requirements

  • Post author:
  • Post category:

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, will launch a Common Supervisory Action (CSA) with National Competent Authorities (NCAs) on the integration of sustainability in firms’ suitability assessment and product governance processes and procedures in 2024. The goal of the CSA will be to assess the progress made

Continue ReadingESMA to launch Common Supervisory Action on MiFID II sustainability requirements
Read more about the article FCA bans Simon Hughes for failures in advice given to British Steel Pension Scheme Members

FCA bans Simon Hughes for failures in advice given to British Steel Pension Scheme Members

  • Post author:
  • Post category:

The FCA has banned Simon Hughes of S&M Hughes Limited (in liquidation) from advising customers on pension transfers and pension opt outs, and from holding any senior management function in a regulated firm. Mr Hughes will also pay £158,600 to the Financial Services Compensation Scheme (FSCS) to contribute to redress due to his customers, most

Continue ReadingFCA bans Simon Hughes for failures in advice given to British Steel Pension Scheme Members