Compliance

The Securities and Exchange Board of India (SEBI) has merged its rules for debt securities into a single regulation to ease the regulatory compliance burden on organisations.

The Financial Conduct Authority (FCA) has revealed it received a total of 2,754 allegations of financial misconduct over the 2020/21 financial year.

Recent stress tests by the Reserve Bank of New Zealand (RBNZ) have shown increasing resilience in the banking sector and the benefit of continue to build capital buffers.

The cyberspace race is heating up. Over the past year, the number of ransomware and general cyberattacks have increased dramatically, with more companies, individuals and even governments falling into digital bear traps. How will this growing problem impact financial institutions?

The Reserve Bank of India (RBI) has introduced two consultation papers with an aim of liberalising the county’s overseas investment regulatory stance.

The US Securities and Exchange Commission (SEC) has slapped a $10m fine on crypto firm Poloniex for operating an unregistered cryptocurrency exchange.

The proliferation of internet banking and digital sharing have made it easier than ever for fraudsters to attack financial institutions and organisations must use sophisticated methods to prevent financial crime and risky activities.

Communication tools have saved the day for businesses after the Covid-19-induced global lockdown. Therefore, organisations must fully understand the regulatory guidance on security and privacy so they can continue to implement and expand their use of tools such as Zoom and MS Teams.

US firm Kroll has introduced Kroll Business Connect, a new know-your-customer (KYC) tool to bolster the onboarding efficiency and KYC checks.

Regulatory compliance is constantly changing and creating a ripple effect with consequences impacting the global financial sector. While keeping up with the changes can be challenging, FinTechs must have solid risk management controls in place to ease this burden.