With ESG becoming more top of mind, and litigation and regulatory enforcements on the rise, is it any wonder that bank heads of litigation and legal counsel are finding it difficult to sleep at night?
What early action can financial services firms take to avoid litigation?
The anti-fraud duty has gained recent prominence as upcoming legal challenges threaten to increase banks’ responsibilities in the context of increasingly sophisticated fraud.
With AML compliance at the top of the FCA’s enforcement agenda for this year, we highlight important focus points for banks and other regulated firms operating in the UK.
Real-time transaction security risks could be solved by widespread adoption of ISO messaging standards
Requirement to register ‘accountable persons’ will not come into effect until July
Experts warn of market instability risks as BoJ brings an end to years of loose monetary policy
‘We were able to rethink legacy ways of collecting, managing and processing data,’ says Geraldine Wong
Change to total loss-absorbing capacity requirements will significantly reduce capital needed for compliance