The UK’s Financial Services Practitioner Panel has found that companies are critical of the Financial Service Authority’s regulatory performance. Over 3,000 firms responded to the survey carried out by the panel, which aimed to gauge the industry’s view of its regulator. Jonathan Bloomer, chairman of the panel, said: “The survey raises a number of issues…there is clearly still much room for improvement.” The cost of compliance is seen as possibly the single largest issue. Generally, firms complain about the level of investment required to ensure they are compliant and are concerned that these costs are likely to increase still further in the future. Another key finding of the survey underlines that UK companies believe that the current regulatory system places too great a burden on firms, and is harmful to the development of new products and services.
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