Companies have only a limited time to complete their preparations before the UK departs the EU, warns Marsh executive Mark Weil.
Although the EU’s Markets in Financial Instruments Directive (MiFID II) is now better understood by asset management firms, too many grey areas still surround the regulation, claims Linedata.
European insurers are likely to use it increasingly in response to the capital adequacy requirements of the directive, reports Fitch Ratings.
With multinationals (MNCs) facing an ever-more complex regulatory compliance challenge, the ability to automate reporting and stay current with local legislation changes is vital.
“Corporate treasurers around the world are getting a better cross-border payments experience today,” announced the financial messaging services provider.
The UK bank is launching a digital site and will offer SMEs up to £150,000 for a maximum period of five years.
The European Banking Authority proposes “strong customer authentication” for all electronic payments of more than €10.
A survey reveals widespread confidence that the technology will be mainstream in the financial post-trade market within three to five years.
A study identifies seven hurdles to cloud adoption that must be tackled if the sector is to reap the benefits of cloud technology.
Falling world shipping rates, which pushed Korea’s Hanjin Shipping into bankruptcy last August, have resulted in hefty bad shipping loans for Germany’s banks.