European Banking Authority (EBA)’s Post

Unlocking Innovation: Regulatory Sandbox Exploration! 🚀 Inviting all regulators, central banking authorities in Africa, and fintech enthusiasts for this exclusive training designed to equip you with the practical knowledge and strategies needed to navigate the evolving landscape of fintech regulation and innovation. This program promises deep insights and expert guidance as fintech continues to reshape the financial industry, deploying a regulatory sandbox. Why attend? 💥The training evaluates the concept and application of regulatory sandbox, stakeholders’ roles, global best practices, and benefits and concerns associated with sandbox implementation. 💥The training will be delivered by Global leaders and training experts like Sue Milton Dr.[h.c.] Obadare Peter Adewale FBCS FIIM FIMC FESRM FIBM and Chizor Malize !🔥🔥 💥This program highlights the framework for effective sandbox implementation and simulates prototypes. 💥It entails hands-on experience in regulatory agility, data privacy, and consumer protection. Join us from June 24th to 28th in London, England, for an immersive journey into the world of Regulatory Sandbox. Don't miss this opportunity to be at the forefront of fintech regulation! Register now using this link https://lnkd.in/d4Cr-tN3 and secure your spot in this transformative training experience #FITC #RegulatorySandbox #Fintechevolution #fintech #innovation #GlobalTraining

It seems to be an interesting recruitment market in the fintech space at the moment! There's green shoots in terms of the volume of opportunities I am seeing and there's definitely good candidates actively on the market, but a lot of candidates have become cautious, having either been stung by redundancies or have had opportunities withdrawn by a lack of funding or stalling license application processes. A reminder to recruiting firms that as the number of vacancies and competition for candidates attention rises, it's important to stay competitive with a clear Employer Value Proposition, clear and decisive recruitment processes, and competitive salaries for MLRO and senior Compliance professionals - positions being closely scrutinised at application stage (and beyond) which you can't afford to get wrong. If you are active in the market at the moment, a reminder of the Industry Vacancies within fscom clients that I can spotlight 🔎 Head of Finance/ Payment Operations - Payments and FX MLRO - Payments (Pre-Application) MLRO - Crypto (Pre-Application) Regulatory requirements mean that these opportunities are UK based roles and candidates must have the appropriate right to work. If you are interested, please drop me an email to [email protected] and we can arrange a quick call before making an introduction! #payments #finance #safeguarding #crypto #mlro

𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗕𝗮𝗻𝗸𝗶𝗻𝗴 𝗜𝗻𝘁𝗲𝗿𝘃𝗶𝗲𝘄 𝗣𝗿𝗲𝗽𝗮𝗿𝗮𝘁𝗶𝗼𝗻 - 𝗗𝗮𝘆 𝟲𝟱 𝟭)𝗘𝘅𝗽𝗹𝗮𝗶𝗻 𝘁𝗵𝗲 𝘁𝗿𝗮𝗱𝗲 𝗹𝗶𝗳𝗲 𝗰𝘆𝗰𝗹𝗲 𝗶𝗻 𝗶𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗯𝗮𝗻𝗸𝗶𝗻𝗴? The trade life cycle includes trade initiation, execution, confirmation, clearing, and settlement. It spans the process from deciding to buy or sell to the final ownership and fund transfer. 𝟮) 𝗪𝗵𝗮𝘁 𝗶𝘀 𝘁𝗵𝗲 𝗿𝗼𝗹𝗲 𝗼𝗳 𝗮 𝘁𝗿𝗮𝗱𝗲 𝘀𝘂𝗽𝗽𝗼𝗿𝘁 𝗮𝗻𝗮𝗹𝘆𝘀𝘁 𝗶𝗻 𝘁𝗵𝗲 𝘁𝗿𝗮𝗱𝗲 𝗹𝗶𝗳𝗲 𝗰𝘆𝗰𝗹𝗲? A trade support analyst ensures accurate and timely trade processing, handling confirmation, reconciliation, and collaborating with various departments for efficient trade execution. 𝟯) 𝗛𝗼𝘄 𝗱𝗼 𝗶𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗯𝗮𝗻𝗸𝘀 𝗺𝗮𝗻𝗮𝗴𝗲 𝗼𝗽𝗲𝗿𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗿𝗶𝘀𝗸𝘀 𝗶𝗻 𝘁𝗵𝗲 𝘁𝗿𝗮𝗱𝗲 𝗹𝗶𝗳𝗲 𝗰𝘆𝗰𝗹𝗲? Investment banks manage operational risks through controls, reconciliation, automated systems, periodic audits, and technology-driven risk detection. 𝟰) 𝗘𝘅𝗽𝗹𝗮𝗶𝗻 𝘁𝗵𝗲 𝘀𝗶𝗴𝗻𝗶𝗳𝗶𝗰𝗮𝗻𝗰𝗲 𝗼𝗳 𝘁𝗿𝗮𝗱𝗲 𝘀𝗲𝘁𝘁𝗹𝗲𝗺𝗲𝗻𝘁 𝗶𝗻 𝘁𝗵𝗲 𝘁𝗿𝗮𝗱𝗲 𝗹𝗶𝗳𝗲 𝗰𝘆𝗰𝗹𝗲. Trade settlement is crucial for transferring ownership and funds, reducing counterparty risk, maintaining market integrity, and enhancing overall market efficiency. 𝟱)𝗛𝗼𝘄 𝗱𝗼𝗲𝘀 𝘁𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝘆 𝗶𝗺𝗽𝗮𝗰𝘁 𝘁𝗵𝗲 𝘁𝗿𝗮𝗱𝗲 𝗹𝗶𝗳𝗲 𝗰𝘆𝗰𝗹𝗲 𝗶𝗻 𝗺𝗼𝗱𝗲𝗿𝗻 𝗶𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗯𝗮𝗻𝗸𝗶𝗻𝗴? Technology, including automated systems, electronic confirmations, blockchain, and AI, accelerates trade execution, settlement, and contributes to risk management, fraud detection, and operational efficiency. 📌Follow Vigneshwaran Rajendran For More Interesting content like this #day65 #bnymellon #jpmorganchase #morganstanley #goldmansach #blackrock #blackstone #investmentbanking #interviewpreparation #opentowork #linkedinforcreators #statestreet

Japan: Financial Sector Assessment Program-Technical Note on Regulation and ...: ... fintech in Japan. It focuses on the institutional arrangements for fintech monitoring, as well as the approach that the Japanese authorities have ...

Crypto and digital assets regulatory digest collection : Insights for the banking and capital markets industry The crypto and digital assets market in the United States is a fast-growing one, and with several high-profile incidents reported across the globe, regulators are increasingly imposing sensible regulations. For organizations in the crypto and digital assets space, it has never been more imperative than now to stay current with regulatory developments and prepare for change. An interesting collection of insights from our US firm on an emerging area that will have relevance to our market. #deloitte #financialservices

It's not enough to say "we tried" when it comes to examinations. But as we all know, there can be nuance and mitigating factors to any regulatory examination or enforcement action. Three of the most frequent and most penalized aspects for financial compliance in 2023 were: 1. Training: Specifically, ensuring training tailored to the specific function and risk for the business is performed regularly at all levels (including board and C-Suite) and that training materials and results are documented and retained. 2. Monitoring: Seen across the spectrum of financial products and services including crypto, traditional investment, and the rapid expansion and regulation of the FinTech space. The common theme from Binance to JP Morgan to FinTech partner banks is the same; regulators are hitting hard when an institution relies solely upon third party compliance for any product or service provided under its auspices. 3. Staffing: Speaking somewhat to both the previous points, staffing has been a consistent theme among enforcement actions in 2023. Both the OCC and CFPB have consistently cited deficiencies in volume (understaffed), frequency (part time compliance), and magnitude (compliance and risk officers must be appear at the executive level). Translating what needs to be done (clarity) into what will be done (solutions) is what compliance is all about. Don't stop short of the finish line!

In a letter to the Financial Times, R3’s Chief Commercial Officer, Kate Karimson (née Henry), highlights how traditional financial institutions are already realising the benefits of tokenised assets. For example, last year the Swiss city of Lugano issued its first digital bond on SIX Digital Exchange, and the World Bank issued the first digital bond on Euroclear’s D-SI Service. “Tokenisation is a perfect example of how an innovative new technology does not have to be purely “disruptive” and can, and should, be embedded into the existing financial infrastructure to deliver the security and resilience required in a regulated market.” Read the full letter here: https://lnkd.in/dUziReJs   #Tokenisation #DigitalBonds #Fintech #FinancialMarkets 

The crypto and digital assets market in the United States is a fast-growing one, and with several high-profile incidents reported across the globe, regulators are increasingly imposing sensible regulations. For organizations in the crypto and digital assets space, it has never been more imperative than now to stay current with regulatory developments and prepare for change. Keep up with regulatory developments and their implications, and get customized insights for the banking and capital markets industry with the latest issue of the Digital Asset Digest: https://lnkd.in/eU5cptMr Thanks to Meghan Burns, Aaron Salerno, Richard Rosenthal, Tim Davis, Rob Massey, Aaron Turenshine, and the rest of the Regulatory Center and the Deloitte BDA Leadership team for their support.