Tag: Compliance Series
October 05, 2017Three Ways Regulators are Innovating the Financial Industry

regulation_innovation_filesFor good reason, regulations are often regarded as business inhibitors and innovation killers. Because there is growing pressure to be compliant and avoid negative reputational and legal impacts, whenever a new regulation enters into force, it becomes priority. Budget is often made available by shifting it...

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July 20, 2017Why New Governance, Risk, and Compliance Models Are Needed

new-grc-modelThe financial industry is experiencing serious changes. New market trends, disruptive technologies, evolving economic structures, and increasing regulatory requirements are pushing the sector towards business models that emphasize an ecosystem of holistic governance, risk, and compliance (GRC) management. As the financial landscape continues to transform, banks...

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May 19, 2017CRM II: How Banks Can Stay Compliant Yet Flexible

flexible-silhouette!Since 2014, the Client Relationship Model II (CRM II) regulation has become a hot topic in the Canadian financial services industry because of its influence on banking practices in Canada. CRM II aims to protect investors from false investments and provide them with comprehensive information about...

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May 11, 2017Consumer Protection in Europe: What It Is and Why It’s Important

EEA consumer protection!After the economic crisis shook the world in 2008, a wave of consumer protection initiatives hit the global financial industry like a tsunami. More than ever before, it became crucial to protect customers from bad investments, losses, and illegal conduct perpetrated by financial institutions.Since...

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March 30, 2017CRS and the 3 Ways It Will Change the Banking Industry

global exchange!To begin, let’s talk about what the Common Reporting Standard (CRS) is. In short, it’s a compliance standard for the Automatic Exchange of Information (AEoI) developed in response to a G20 request. CRS’s goal is to identify who pays taxes in which countries, and it...

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March 24, 2017What to Do about the Uncertainty Surrounding US Banking Regulations

!Banking deregulation has been a hot topic with the new U.S. administration. From the DOL fiduciary rule delay to speculation of the Dodd-Frank Act's future, financial institutions are now unclear whether certain regulations will be modified or even repealed. The recently proposed 60-day delay to the...

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