Dubai has taken another step towards the launch of the Dubai International Financial Centre (DIFC) with the publication of its Regulatory Law. This law specifies the DIFC’s ambitious plan to create the region’s first regulatory framework equal in quality to the world-leading centres of London, Hong Kong and Wall Street. The law, published for consultation by the DIFC’s Regulatory Authority, creates a framework built on the best practice of leading jurisdictions in Europe, North America and the Far East. The DIFC hopes this will allow the world’s banking and financial institutions a sense of familiarity when dealing with the fledgling institution. According to the DIFC, the law is based on its fundamental principles of integrity, transparency and simplicity. The draft also reflects the desire of the Regulatory Authority to work closely with the UAE Central Bank on vital areas such as money laundering compliance.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more