Bank of England issues letter to banks on regulatory reporting shortfalls
The Bank of England (BofE) has sent a warning letter to banks and building societies for not supplying correct information to help regulators identify risks to the financial system.
Quantexa updates data analytics platform to help firms tackle growing data volumes
Data and analytics software business Quantexa has unveiled the latest release of its data analytics platform to help companies tackle the rapid proliferation of data.
Point Nine teams with b.fine to improve reporting at financial institutions
Regulatory reporting firm Point Nine has partnered with fellow RegTech firm b.fine, providing it with capabilities to enhance trade and transaction reporting.
TA Associates buys regulatory reporting provider Confluence
TA Associates has purchased Confluence, a provider of regulatory, investor communications and performance reporting.
Westpac’s chairman and CEO to step down amid AML scandal
Australian bank Westpac will see its CEO Brian Hartzer step down next week as the lender is facing money laundering and terrorism financing allegations.
Arctic Intelligence’s new CEO reveals what’s next for the company
As an experienced compliance professional, Darren Cade knows how rigid structures and processes can help prevent financial crime and keep organisations compliant.
BearingPoint to create RegTech juggernaut with Vizor Software acquisition
BearingPoint RegTech has signed an agreement to purchase global tech firm Vizor Software for an undisclosed fee subject to regulatory approvals.
EBA launches consultation on role, responsibilities of AML/CFT compliance officers
The European Banking Authority (EBA) has issued a consultation on the role, tasks and responsibilities of anti-money laundering and counter-terrorism financing officers.
UK Chancellor Sunak eyes regulatory reform in wake of Greensill crisis
Rishi Sunak has demanded two reviews of the country’s financial regulation linked to supply chain finance followed the collapse of Greensill Capital earlier this year.
CBIRC calls on banks to aid supply chain finance reforms in China
The China Banking and Insurance Regulatory Commission (CBIRC) has asked banks in China to strengthen risk management in supply chain finance transactions.
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