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Data quality issues persist at firms according to the FCA
The regulator praises firms for improving the quality of transaction reporting, but points to continuing or recurring reporting issues.
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SEC acts to improve clearing agencies’ risk management
Amendments relate to intraday margin collection and use of substantive inputs; new rule establishes elements of a clearing firm’s recovery plan.
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UK regulator fines Starling Bank £29m for ‘shockingly lax’ screening controls
Mark Taylor of Ibex Compliance identifies the key learning points from the FCA’s action against Starling Bank.
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How to navigate risk in today’s cyber world
Key strategies to effectively mitigate against the landscape of corporate risks.
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PRA consults on updates to its approach to International Banks
Clarification on specific aspects of the PRA’s existing approach to risk management and remote booking.
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How can boards effectively manage growing technology risks?
The CrowdStrike outages provided a stark reminder of what can go wrong when operational risks crystallise.
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Danish FSA first to perform cyber stress testing for financial companies
Datatilsynet has developed and tested a new methodology to investigate and strengthen the financial sector’s ability to manage extensive, long-term ICT disruptions.
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FINRA: AI and LLMs not exempt from securities laws and regs
In Regulatory Notice 24-09, FINRA points out that its rules are intended to be technology neutral and that firms must remain compliant when leveraging new technologies.