The three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) published today their second joint Opinion on the risks of money laundering (ML) and terrorist financing (TF) affecting the European Union's (EU) financial sector. Drawing on data and information provided by national anti-money laundering (AML) and countering the financing of terrorism (CFT) competent [...]
The European Banking Authority (EBA) launched today a 2-month public consultation on its proposals for a simple, transparent and standardised (STS) framework for synthetic securitisation. This ground-breaking work on synthetic securitisation unveils new data and insights into post-crisis market developments and trends, including data on historical default and loss performance. It also proposes a [...]
The European Banking Authority (EBA) published today its IFRS 9 roadmap providing a comprehensive overview of planned monitoring activities on IFRS 9 implementation. The EBA also launched an IFRS 9 benchmarking exercise on a sample of institutions aimed at analysing the different modelling practices followed by institutions and how IFRS 9 implementation impacts the [...]
Members from the BRSANALYTICS team recently attended and completed a 6-month course on Level 6 Financial Risk Management in Banks (FRMB), obtaining certifications with Distinction from the London Institute of Banking and Finance. Designed for managers or those moving into more senior roles within the banking and financial services industry, this latest achievement shows [...]
We are pleased to announce we have signed a strategic partnership with Fiorano Software, a leading provider of integration middleware, API Management and banking solutions in London. The partnership aims to help our clients fulfil their Payment Service Directive (PSD) 2 obligations with full confidence by the regulatory deadline. “As a company whose priority [...]
The European Banking Authority (EBA) has revised its guidelines on outsourcing in an effort to help financial institutions apply a single framework for all their banking, investment and payment activities and services. With the importance of fintech providers getting ever greater in the rush to digitisation, financial institutions are adapting their business models, embracing [...]
The boss of one of Europe's biggest financial technology startups has called on the UK government to introduce specialised tech visas to ensure London remains a fintech powerhouse post-Brexit. London-based Revolut, which has more than four million customers throughout Europe, insists it is committed to the UK, vowing to double its workforce in the [...]
New year, New Regulations, New Challenges With the year of MIFID II behind us, firms can now start looking ahead at what’s coming next over the horizon. Well, almost. The MIFIR compliance date may be past us, and the go-live may have gone relatively smoothly for a majority of firms, but there’s still a [...]
When UBPartner and BRSANALYTICS partnered to deliver XBRL reporting tools for CRD4 and Solvency II, the focus was on providing total and effective support. This obsession on customer success has helped over 20 banks and insurance firms to deliver their XBRL reports for the first time. PARIS, FRANCE (PRWEB UK) 14 [...]
Notice To Our Esteemed Customers As you are aware the Depositor's Compensation Scheme (DCS) unit within the MFSA has just released the first Draft of the technical XML Schema that is required to report data. These include new field specifications covering SCV and DEF accounts, and new file format (XML) for correct [...]