Over 2,100 Suspicious Activity Reports (‘SARs’) that were filed with the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) between 2011 and 2017, have been leaked to BuzzFeed News and investigated by a team of reporters from the International Consortium of Investigative Journalists (‘ICIJ’). There has been no question regarding the authenticity of the documents. The ICIJ is drip-feeding the results …
Whilst many firms may think that their Compliance arrangements are purring along just nicely thank-you-very-much, there are not many who can say – never mind actually evidence – that their Compliance function is doing everything just right. Compliance departments, in this very changeable world, are not immune to the need to grow, develop, and improve. Senior management will want to …
Whilst most of the Client Lifecycle Management (CLM) commentary out there touts technology, automation, robotics and artificial intelligence as the answer to all of your CLM and client on-boarding challenges, New Link Consulting takes the view that many firms should be spending their time fixing some of the more fundamental challenges of CLM before investing in the newest, shiny thing. …
Customers of banks have new expectations, sometimes driven by their own technology. This article discusses the pressure on banks to change their technology quickly.
Following the financial crisis, both securities lending and repurchase transactions came under increased scrutiny as they were perceived to have contributed to the build-up of hidden leverage in the market. Regulators sought to introduce Securities Financing Transaction Regulation (SFTR), covering three key requirements: transaction reporting, disclosure obligations and collateral reuse obligations. SFTR is a sweeping mandatory change for the securities …
We are thrilled to announce that Peter Brooke has joined us as Practice Lead for our Anti-Financial Crime (AFC) and Non-Financial Risk (NFR) practices.
After the Global Custodian Forum, we are delighted to share with you comments from Simon Hirtenstein, our Asset Servicing Practice Lead. “I attended and spoke at the Global Custodian Forum in the salubrious surroundings of Banking Hall. First of all, many thanks to the event organisers and venue staff who put on a fantastic event. The day was full of …
An exploration of the potential modifications the OCC will make to the Volcker Rule to reduce the burden on banks whilst still serving its original purpose.
A summary of the main points from the final negotiation of this key regulation resulting from the Financial Crisis of 2007-08.
A brief exploration of some of the challenges to implementing the Fundamental Review of the Trading Book (FRTB).
