EBI - European Banking Institute’s Post

“The EU Anti-Money Laundering Authority (AMLA) should serve as a central AML supervisory body, coordinate with Financial Intelligence Units, and facilitate information sharing among all AML stakeholders, especially through Public-Private Partnerships,” concluded Roger Kaiser, EBF’s Head of Tax & Compliance, at the 24th Policy Series seminar titled “The new European Anti-Money Laundering Authority (AMLA) – An Introduction,” hosted by the EBI - European Banking Institute. During the event, which also featured insightful contributions from Andrea Minto of the University of Venice and Olena Loboiko from the European Commission, Kaiser emphasized that the establishment of AMLA presents a unique opportunity to enhance the effectiveness of AML/CFT regulation and supervision. This improvement is essential for maintaining financial stability, ensuring security in Europe, and preserving the integrity of financial markets.

We are happy to be the exclusive contributing firm for Greece to the Chambers and Partners Banking Regulation 2024 Global Practice Guide. Elena Papachristou, partner, and Vivian Efthymiou, associate, authored the chapter, proving an in-depth analysis of the latest legal updates on the Greek banking sector. The guide offers a comparative analysis of the current regulatory developments, featuring 27 jurisdictions. Take a deep dive into the guide here: bit.ly/3HBXc7u

Looking forward to sharing thoughts here, in the panel discussion: ‘Getting Ready for Sustainability’, tomorrow. 🌱

If you want a really comprehensive look at the latest developments of #bankingregulations in #greece, take the deep dive in the link provided. Thank you Elena Papachristou and Zepos & Yannopoulos for this insightful practice guide. #law #compliance #internalaudit #regulation #chambersandpartners Banking Regulation Global Practice Guide

🚀 The European Banking Authority (EBA) has published a report highlighting divergences in the issuance and regulation of 'virtual IBANs' (vIBANs) across the EU. Here are some key takeaways: 🔸 Lack of common definition: vIBANs are not always recognised consistently due to the absence of a common definition, complicating effective supervision and risk management. 🔸 Divergent practices: The industry issues vIBANs in different ways and for different purposes, leading to inconsistent regulatory interpretations and applications. 🔸 Identified issues: Concerns include money laundering and terrorist financing risks, consumer protection, authorisation, passporting, and regulatory arbitrage. 🔸 Recommendations: The EBA suggests clarifying EU laws and proposes actions for national authorities to better manage these issues. The report also underscores the need for a common definition of vIBANs to ensure effective supervision and risk management. Stay ahead in the regulatory landscape! Subscribe to our Watson Newsletter for the latest insights and updates. 🔗 Link to subscribe in the comments below! #VirtualIBAN #Regulation #FinancialServices #Compliance #RiskManagement Willem-Jan Smits Camiel Vermeulen Eline Janssen Rens Kattenbelt Marlinde Nannings

This is a very notable banking law development. After long consultation, the Central Bank of Ireland has come up with a Guidance on the Individual Accountability Framework. This is the time to observe how the Senior Executive Accountability Regimes #SEAR are taking shape world over. #Banking #Finanace #BankingLaw #Law #Governance #CorporateGovernance #ExecutiveLiability #Oversight #RiskManagement

I'm looking forward to attending the ARAB BANKERS ASSOCIATION seminar on "Sanctions, Regulatory Change and Financial Crime" on 8 February 2024 in #London. It'll be interesting to hear from Vivien Davies and Vanessa Wilkinson of Fieldfisher, and Tom Townson of Grant Thornton UK LLP, on this important subject- and find out more about how sanctions are impacting on business in the GCC and entities working in, or with, Middle Eastern jurisdictions. Let me know if you'll also be going and would like to catch up. #sanctions #financialcrime #MiddleEast #GCC #banking Islamic Finance News Collas Crill

We are delighted to have contributed to the Chambers Banking Regulation 2024 Global Practice Guide for Senegal Contributed by : Dr. Franck ALLESSIE #SCPHOUDA&ASSOCIES #lawfirm #lawandpractice

Regulatory update for August 2023: Keep informed about the latest regulatory changes affecting the banking industry that have happened in the UK & EU as of August 2023. View our update on our website 👇 https://lnkd.in/ey4C2kNM #RegTech #BankofEngland #PRA #EBA

Join me at the 49th #ITFA Annual International Trade and Forfaiting Conference on 13th October for a panel discussion on the Application and Trends of Insurance Solutions in MENA Transaction Banking. https://lnkd.in/efBuTARN