After looking into the anti-money laundering efforts of 30 major banks over the spring, Swiss financial regulator, FINMA, has published a new set of guidelines, outlining its findings and highlighting measures Swiss banks must take to improve their protections against money laundering – a longstanding problem in the region.
A government policy statement published today by the UK Treasury has set the minimum expectations on banks to protect services for people and businesses wanting to withdraw or deposit cash.
Greenwashing is fast becoming a key area of focus for financial regulators around the globe, evidenced by the growing number of cases against banks for misrepresenting their ESG credentials. In our latest free report, we take a look at some examples of high-profile greenwashing cases and how the regulatory landscape for targeting and preventing greenwashing is shaping up.
The UK Treasury has rejected proposals submitted by an all-party committee in May to regulate crypto trading in the same way as gambling
The boss of NatWest has apologised for comments made about former UKIP leader Nigel Farage calling him “xenophobic” and “racist.”
RiskBusiness has now been providing governance, risk, audit and compliance solutions and content for 20 years. A lot has happened in those two decades, including events that have permanently shaped the landscape of the financial services sector.
A look at the demise of SVB, Signature Bank and Credit Suisse and what this may mean for regulation.
Welcome to the annual RiskBusiness Key Business Concerns Report, 2023. Each year, we analyse the industry’s biggest risk surveys to identify the most pressing issues impacting financial institutions in the year ahead, from a non-financial risk perspective. Every year brings new challenges for those responsible for risk management, compliance and related roles. This year is no different, with the aftermath of Covid colliding with growing political and economic turmoil, set against the backdrop of the largest war on European soil since WW2.
The Financial Conduct Authority (FCA) has written to more than 3,500 lenders to remind them of the standards they should meet as consumers across the country are affected by the rising cost of living.
Sexism in finance is not a new issue, but as examples of gender discrimination in the industry continue to make headlines, we take a look at some of the barriers to progress and what firms can do to drive change.
RiskBusiness is an international Governance, Risk, Audit and Compliance (GRAC) solution provider, with more than 200 financial services firms currently using our SaaS (Software-as-a-Service) solutions globally.