Tackling money laundering, terrorist financing and other financial crime is a difficult chore for banks. However, new approaches are beginning to make a difference.
Latest articles from Financial Regulation
UK mulls pros and cons of scrapping bonus cap
August 13, 2021Critics argue that a cap on bankers’ bonuses is ineffective and outdated, but the issue remains controversial.
Jamaica begins ‘retail’ CBDC pilot
August 12, 2021The Bank of Jamaica has distributed $1.5m in central bank digital currencies to authorised institutions.
Sanctions wave intensifies compliance headaches
May 6, 2021Banks must spend more to ensure compliance as the number and complexity of financial sanctions increases.
China’s shadow banking sector pushed into the light
March 29, 2021Beijing is looking to reduce the scope of risky shadow banking operations, yet the sector is vital to country's economy.
Libor’s long farewell — is this the final act?
March 1, 2021The global drive to replace Libor with alternative benchmarks is entering a final crucial period.
AI shares the heavy lifting in Libor transition
February 23, 2021With references to benchmark across thousands of contracts, banks have enlisted artificial intelligence to support transition effort.
Deepfakes pose new cybersecurity risk for banks
January 4, 2021As banks shift to remote identification, manipulated digital representations throw up new headaches.
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Navigating a New Era in Commercial Lending
August 5, 2020COVID-19 continues to slam several U.S. states – sickening people, overwhelming hospitals, slashing employment and closing businesses large and small. There is another type of wave building on the horizon – and it is lining up to challenge small business lenders in the U.S. over the next few months. Here Raja Sengupta, Executive Vice President of Wolters Kluwer Lien Solutions, and Dan Massoni, former Executive Vice President of Institutional Credit Risk Management at American Express, shed some light on how lenders can apply risk management practices to set the stage for long-term growth when working with borrowers, issuing new loans, and participating in federal lending programs.
ESG to spark a revolution in corporate reporting
August 5, 2020Investors are keen to understand the impact companies are having on the environment and society at large, but gathering and presenting that data remains a complex task.