Industry Advocates Insights

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Pandemic forces UK dispute resolution rethink

22nd October 2020

Company: bobsguide
The disruption and financial pressures caused by the pandemic are likely to give rise to some common challenges for businesses across sectors, whether the problem concerns a supplier or a customer. While each case will require specific advice, parties should be generally aware of some recent changes to legal remedies available when approaching a... read more
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FCA needs intense safeguarding revisal, say UK PSPs

21st July 2020

Company: bobsguide
Following Wirecard’s failures, market participants have raised flags around the Financial Conduct Authority’s (FCA) regulations on firms safeguarding client funds and managing prudential risk. Luc Gueriane, chief commercial officer at Moorwand and former head of business development at Wirecard, explained via email that safeguarding... read more
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What does text analysis tell us about central banks’ communication in times of coronavirus?

16th July 2020

Company: Prometeia
During his years as Chairman of the Federal Reserve, Alan Greenspan became the icon of a communication style that later took the name of "Greenspeak": he made wordy and ambiguous statements. "Since I’ve become a central banker," he said on one occasion, "I have learned to mumble with great incoherence. If I seem... read more
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Report: Insurance industry takes tech and trust hit

11th June 2020

Company: bobsguide
Insurers face new threats as impact of coronavirus challenges tech stacks and complicates customer contracts. While the shock of the pandemic is being felt across all industries, insurers are grappling not only with the need to revamp legacy technology, but the potential loss of trust from customers who rely on them for support as the lockdown... read more
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Coronavirus update: challenger bank agility provides advantage over incumbents

13th March 2020

Company: bobsguide
Incumbent banks may struggle to adapt to the impact of coronavirus as remote working and customer services falter. Commentators say these challenges could leave digital challengers with the advantage. “Do the existing banks, the traditional banks, struggle to allow their staff to work remotely compared to challengers? You may find that the... read more
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Why financial institutions are moving away from transaction monitoring

19th November 2019

The past few years have borne witness to scandal after scandal, as Europe has struggled with a torrent of financial crime – specifically money laundering. Although it’s impossible to accurately estimate the true scale of the issue, research undertaken  by Europol suggests that laundered money could account for anywhere between 0.7... read more
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(L)ibor reform: How will it affect bank treasury functions?

25th October 2019

Company: SimCorp
Regulators are increasingly interested in industry progress and bank treasury readiness for the (L)ibor reform. In this  article, EY and SimCorp experts explain why it’s crucial that bank treasurers can demonstrate a tangible action plan for addressing the (L)ibor reform’s implications for specific functions. Is your... read more
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John Glen MP: "Rapid" evolution of cash alternatives needed

3rd October 2019

Company: bobsguide
Innovation in alternatives to cash must become a priority, according to John Glen, economic secretary to the UK government's treasury. “I completely embrace the opportunities that exist in other [payment] sources. I am not trying to hold onto cash, what I am trying to do is to say that the recognition that we feel in government,... read more
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London Lord Mayor: Emerging markets threaten UK’s fintech status

3rd October 2019

Company: bobsguide
The UK must drive innovation to remain a key fintech hub as emerging markets scale rapidly, according to Peter Estlin, Lord Mayor of the City of London. “We’ve talked about the sheer strength of fintech here in the UK and it is a mark of quality and it’s regarded for that quality around the world. But if you look at scale,... read more