Anna Dobrzańska’s Post

🏦 To build a competitive banking sector, an improved Crisis Management and Deposit Insurance framework is essential.   📝 The CMDI Proposal, which is about to enter the crucial trilogue phase between the European Parliament, the Council of the European Union, and the European Commission, aims to make resolution funding more accessible and broaden the scope of resolution. However, the lack of common deposit insurance and reliable liquidity support continues to undermine the framework's credibility.   Read how Ioannis Asimakopoulos & Tobias Tröger assess the proposed changes in the SAFE Finance Blog 👉 https://lnkd.in/ekrwQm3W   #CMDIReform #BankingUnion

Reforms are underway in the UK's payment and e-money safeguarding regime. The government is set to enhance the Financial Conduct Authority's powers to provide greater regulatory agility and clearer guidelines for firms. Given the critical issues of delayed client fund returns during insolvency and inadequate fund segregation, these reforms are timely. Firms must now bolster their internal controls, enhance monitoring, and ensure rigorous compliance to safeguard client funds effectively. Stay tuned for more updates on these critical reforms slated for the latter half of 2024. Sam Haskins, Managing Director, in the Regulatory Risk Management team shares his thoughts here: https://lnkd.in/dKbM5nbk #FCAsafeguarding #emoneysafeguarding #financialconductauthority

Australia's financial services industry is facing a wave of new regulations, including the Financial Accountability Regime (FAR), which replaces the 2018 Banking Executive Accountability Regime (BEAR). The FAR aims to improve risk and governance practices by increasing accountability and is jointly administered by ASIC and APRA. We answer the most frequently asked questions from our clients on the FAR: https://ow.ly/jTGQ50SKEVA #FAR #FinancialServices Chris Nott | Phil Goulstone | Georgia Wade

Reforms are underway in the UK's payment and e-money safeguarding regime. The government is set to enhance the Financial Conduct Authority's powers to provide greater regulatory agility and clearer guidelines for firms. Given the critical issues of delayed client fund returns during insolvency and inadequate fund segregation, these reforms are timely. Firms must now bolster their internal controls, enhance monitoring, and ensure rigorous compliance to safeguard client funds effectively. Stay tuned for more updates on these critical reforms slated for the latter half of 2024. Sam Haskins, Managing Director, in the Regulatory Risk Management team shares his thoughts here: https://lnkd.in/gcpzBX2d #FCAsafeguarding #emoneysafeguarding #financialconductauthority

Want to know more about the Financial Accountability Regime? FAR is in the wave of new regulations facing financial institutions, so it can be tricky to keep up. In this article, the team have pulled together answers to the top questions our teams are being asked. #FinancialAccountabilityRegime #FAR

Reforms are underway in the UK's payment and e-money safeguarding regime. The government is set to enhance the Financial Conduct Authority's powers to provide greater regulatory agility and clearer guidelines for firms. Given the critical issues of delayed client fund returns during insolvency and inadequate fund segregation, these reforms are timely. Firms must now bolster their internal controls, enhance monitoring, and ensure rigorous compliance to safeguard client funds effectively. Stay tuned for more updates on these critical reforms slated for the latter half of 2024. Sam Haskins, Managing Director, in the Regulatory Risk Management team shares his thoughts here: https://lnkd.in/e8z4varn #FCAsafeguarding #emoneysafeguarding #financialconductauthority

The Prudential Regulation Authority (PRA) (Overview) It is a part of the Bank of England and serves as the prudential regulator for banks, building societies, credit unions, insurers, and major investment firms in the United Kingdom. (Prime Purpose) Its primary role is to ensure the safety and soundness of the financial institutions it regulates, thereby contributing to the stability of the UK financial system (Key Functions of the PRA) *Supervision and Regulation *Risk Assessment *Policy Development *Enforcement *Crisis Management ( Why PRA ? ) The PRA plays a critical role in crisis management and resolution planning for financial institutions that are in distress. It works to ensure that any failure of a financial institution can be managed in an orderly way, minimizing the impact on the financial system and the economy 85/100 #pra #regulatoryreporting #riskmanagement #LIPostingChallengeIndia

Reforms are underway in the UK's payment and e-money safeguarding regime. The government is set to enhance the Financial Conduct Authority's powers to provide greater regulatory agility and clearer guidelines for firms. Given the critical issues of delayed client fund returns during insolvency and inadequate fund segregation, these reforms are timely. Firms must now bolster their internal controls, enhance monitoring, and ensure rigorous compliance to safeguard client funds effectively. Stay tuned for more updates on these critical reforms slated for the latter half of 2024. Sam Haskins, Managing Director, in the Regulatory Risk Management team shares his thoughts here: https://lnkd.in/gCP5jZjc #FCAsafeguarding #emoneysafeguarding #financialconductauthority

Reforms are underway in the UK's payment and e-money safeguarding regime. The government is set to enhance the Financial Conduct Authority's powers to provide greater regulatory agility and clearer guidelines for firms. Given the critical issues of delayed client fund returns during insolvency and inadequate fund segregation, these reforms are timely. Firms must now bolster their internal controls, enhance monitoring, and ensure rigorous compliance to safeguard client funds effectively. Stay tuned for more updates on these critical reforms slated for the latter half of 2024. Sam Haskins, Managing Director, in the Regulatory Risk Management team shares his thoughts here: https://lnkd.in/gxDGZJQG #FCAsafeguarding #emoneysafeguarding #financialconductauthority

Reforms are underway in the UK's payment and e-money safeguarding regime. The government is set to enhance the Financial Conduct Authority's powers to provide greater regulatory agility and clearer guidelines for firms. Given the critical issues of delayed client fund returns during insolvency and inadequate fund segregation, these reforms are timely. Firms must now bolster their internal controls, enhance monitoring, and ensure rigorous compliance to safeguard client funds effectively. Stay tuned for more updates on these critical reforms slated for the latter half of 2024. Sam Haskins, Managing Director, in the Regulatory Risk Management team shares his thoughts here: https://lnkd.in/eMnbYRCW #FCAsafeguarding #emoneysafeguarding #financialconductauthority