Australia’s approach to international payments needs to change, and reporting entities need to update their legacy systems for better reporting, say Eric Knight and Nick Armstrong.
The FATF's responsibilities and the efficiency and effectiveness of its evaluation process must be reassessed, says RUSI’s Tom Keatinge.
Banks need to be cognisant of how the data they provide to regulators is being used, says Herbert Smith Freehills in its 2019 Global Bank Review.
Pierre Latrobe at Mazars discusses the measures the HKMA has taken so far to strengthen its macroprudential supervisory toolkit and address potential risks to the wider financial system.
Under the current AML model, the ultimate focus for FIs is to protect the institution and the bottom line rather than reduce money laundering, says RUSI's Matthew Redhead.
Singapore banking sector players are tasked with finding a balance between open innovation and regulatory compliance, says Finastra's Wissam Khoury.
The tool, which was deployed in the UK and Hong Kong on August 30, will be rolled out in a further 39 markets through 2020.
DTCC's Purtini Joshi outlines three key challenges firms need to address to ensure compliance with Phase 5 and Phase 6 implementation of initial margin regulations.
Banks are starting to gain real business value from investments into better data governance and architecture, say Irene Liu, David Yakowitz and Catherine Lee at PwC.
The city's regulator and central bank must introduce guidance and rules more aggressively if they want to show that Hong Kong is committed to green finance, say industry participants.
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