The sector is ready to overhaul its technology infrastructure to meet tougher regulatory obligations, reports Wolters Kluwer.
A report by UK daily The Guardian suggests that at least US$20bn and possibly quadruple that figure was moved out of Russia over four years to 2014.
Today marks the closing day of the European Commission’s public consultation on the capital markets union (CMU) mid-term review.
The telecom giant was found guilty by the US Justice Department of breaking sanctions imposed on Iran by shipping US-made equipment to the country.
Regulation such as the upcoming new Payment Services Directive should be regarded by the sector as a business opportunity rather than a threat.
Following the departure of Charlotte Hogg, only recently promoted to deputy governor, from the Bank of England, two commentators have offered their thoughts on ethical standards in financial services.
The Court of Justice of the European Union (EU) has upheld fines of €1.47bn (£1.28bn) on Samsung SDI.
New York State has imposed new rules requiring banks and insurers to follow certain cybersecurity standards.
A Société Générale report looks at the likely regulatory changes in prospect under the Trump administration.
Amendments to the European Union’s AML rules would place virtual currencies under similar obligations to those of other payment institutions.