The European Central Bank has published today its “Euro money market study 2018”. The study aims to provide a detailed overview of euro area money markets, with a focus on the key developments and dynamics in various money market segments. The 2018 study is the first using data on daily transactions in the euro money market collected from the largest euro area banks through the Money Market Statistical Regulation, ECB/2014/48. Previous Euro money market studies – including the last one published, in 2015 – were based on less detailed and timely information collected through a survey of a sample of banks.
The European Central Bank (ECB) has imposed an administrative penalty for an amount of € 5,150,000 on Piraeus Bank S.A. Piraeus Bank S.A found in breach of own funds provisions on an individual and on a consolidated basis during six consecutive quarterly reporting periods between 2015 and 2017 committed under the direction of the former management of Piraeus Bank S.A.
The Federal Trade Commission announced it is seeking public comment on ways to improve its existing regulations for negative option marketing. Negative option marketing is a common form of marketing whereby the absence of affirmative consumer action constitutes consent to be charged for goods or services. Such marketing is widely used, and can provide benefits to both sellers and consumers. However, consumer benefits may be lost when marketers fail to make adequate disclosures, bill consumers without their consent, or make cancellation difficult or impossible.
The Sibos 2019 London event took place at ExCeL London from September 23rd to the 26th and held more than 11,000 delegates, 600 speakers and 300 exhibitioners. Sibos was hosted for the very first time in London, with the city being renowned for its close association to finance, innovation and technology. Continue reading…
Raj Parker has announced that the independent investigation into the approach to, implementation and oversight of the Connaught Income Fund Series 1 (the Fund) is now up and running and is inviting affected individuals to get in touch. The review will consider the proportionality, appropriateness and effectiveness of the actions taken by the Financial Services Authority (FSA) and later the Financial Conduct Authority (FCA) when supervising Tiuta, Capita and Blue Gate.
The European Union regime for fighting market manipulation and insider trading – commonly referred to as market abuse – was significantly reshuffled in the wake …
The Bank for International Settlements (BIS) has launched an open-ended fund for central bank investments in green bonds. Responding to a growing demand for climate-friendly investments among official institutions, the BIS’s green bond fund initiative helps central banks to incorporate environmental sustainability objectives in the management of their reserves.
The Securities and Exchange Commission announced that it took a significant step toward establishing the regulatory regime for security-based swap dealers by adopting a package of rules and rule amendments under Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). These actions establish recordkeeping and reporting requirements for security-based swap dealers and major security-based swap participants and amend the recordkeeping and reporting requirements for broker-dealers. Under these rules, these companies will be required to create and retain fundamental business records to document and track their operations, facilitating the Commission’s ability to monitor compliance and reducing risk to the market.
by Elina Karpacheva
The Bulgarian FinTech community met to discuss compliance and financial crime for the first time in Sofia. The Spotlight event, organized by Eleven Ventures and the European Compliance Center was truly a success – an evening full of valuable insights and discussions between entrepreneurs and AML/financial crime specialists. The event showed that the thriving innovative ecosystem seriously takes into account the AML/financial crime risks and is committed to building effective internal systems for detection, prevention and response. The event coincided with the launch of the First Bulgarian FinTech report. Bulgaria is the fastest growing Fintech destination in the CEE region according to the newest CEE Fintech Atlas by the Raiffeisen Bank International (RBI).
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Lieve LowetEU Affairs consultant and lobbyist
Elina Karpacheva Chair of the European Compliance Centre based in Sofia, Bulgaria
Ahsan HabibManager, AML Investigation - Correspondent Banking, Royal Bank of Canada
Michael AmadoLawyer in Paris / Lawyer in Canada
Alex MovchanAlex Movchan CIA CICA CFE is the President of the Institute for Internal Controls - Central and Eastern Europe
Elena PykhovaElena Pykhova is a thought leader, influencer and founder of a think tank, Best Practice Operational Risk Forum. 
Daniel VaknineCEO and Partner of Visslan
Nancy MehradAuthor and the CEO and Founder of Registrant Law Professional Corporation
Ajay KataraConsulting Partner and Head the RegTech Portfolio in Banking Risk Management area at Tata Consultancy Services (TCS)
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The EIB, the European Union’s bank, is seeking to recruit for its Group Risk & Compliance Directorate – Regulation and EIB Group Risk Department –…
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The book introduces the key elements contributing to entrepreneurial vitality and sustainability in the medium and long term with a specific focus on digital transformation….
In the wake of the global financial crisis, investors have suffered significant losses as a result of breaches of conduct of business rules in the …
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