by Jyotsna Bucktowar | Apr 5, 2024
The Authorities have identified areas for future co-operation and co-ordination, including revisions to the MoU regarding proposed stablecoin regulation, embedding the reforms from the Financial Services and Markets Act 2023 (FSMA 2023), as well as further enhancing...
by Jyotsna Bucktowar | Oct 19, 2023
The challenges associated with payment transparency cannot be resolved solely by payment and compliance specialists within banks, but rather require agreement among all payments stakeholders – including competent authorities, the PMIs within their...
by Jyotsna Bucktowar | Jun 16, 2023
The EBA findings suggest that ML/TF risks in the sector may not be assessed and managed effectively by institutions and their supervisors. A more robust implementation by supervisors and institutions of provisions in these guidelines will mitigate the...
by Jyotsna Bucktowar | May 14, 2023
FIs must adapt to changes and embrace opportunities that are here already, such as Open Banking, Open Finance, and Instant Payments. One major development that underpins a lot of payments innovation is ISO 20022, and banks need to adapt to stay ahead of the...
by Jyotsna Bucktowar | May 8, 2023
The Group has published its response to the Committee on Payments and Market Infrastructures (CPMI) report on ISO 20022 harmonisation requirements for cross-border payments. It welcomes the CPMI’s proposed format and analysis of ways to improve...
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