Swift Business Forum London Delegates Say Regulation Remains a Top Strategic Priority
May 14, 2015 - SWIFT held its annual Business Forum London on 23 April 2015, where more than 1,100 industry leaders gathered to discuss the latest trends and innovations in financial services. The theme of this year's forum was 'Harnessing change in financial services', and the programme explored how the industry can channel innovation to address challenges such as regulation, the technology revolution, new entrants and changing customer behaviour.
BIAN finalises Service Landscape 4.0 – a worldwide standard for core banking technology
May 12, 2015 - Independent not-for-profit association, the Banking Industry Architecture Network (BIAN) has completed the development of a globally standardised IT architecture design for banks.
European lawmakers agree revised Payments Services Directive
May 5, 2015 - European lawmakers have reached an informal agreement on a revised Payment Services Directive (PSD2) designed to boost competition and innovation while improving consumer protections.
SAS rolls out model-governance technology
April 27, 2015 - Banks continue to juggle growing demands to aggregate and analyze risks, stress test overall balance sheets, and assess the capital adequacy and variety of performance and regulatory measures.
BNY Mellon fined £126 million for FCA over Cass compliance failings
April 15, 2015 - BNY Mellon (NYSE: BK) today issued the following statement regarding the findings of a U.K. Financial Conduct Authority ("FCA") investigation into compliance with relevant FCA Principles and U.K. Client Asset Sourcebook ("CASS") rules during the period from November 2007 to August 2013:
FCA fines Clydesdale £20 million for PPI complaints mishandling
April 14, 2015 - The Financial Conduct Authority (FCA) has today fined Clydesdale Bank Plc (Clydesdale) £20,678,300 for serious failings in its Payment Protection Insurance (PPI) complaint handling processes between May 2011 and July 2013.
Bank for International Settlements cast as digital currency regulator
April 7, 2015 - Regulatory intervention in the digital currency marketplace would need to be co-ordinated by an international body such as the Basle-based Bank for International Settlements, according to the Reserve Bank of Australia.
Corporate banks must adapt in wake of disruptors - BCG report
March 23, 2015 - Corporate banks, a majority of which are plagued by declining economic profit, must take bold steps to adapt their business models or potentially suffer prolonged, painful periods of underperformance, according to a new report by The Boston Consulting Group (BCG).
