Financial services
As a uniquely regulated industry, financial services firms face increasingly complex challenges. This is your spot for thought leadership, hot takes and guidance on the changes you need to know about.
MORE FINANCIAL SERVICES ARTICLES
In De-Risking, Are Financial Institutions Painting With Too Broad a Brush?
Financial institutions have increasingly embraced the practice of de-risking as part of their AML strategies. This approach involves reducing or...
First Half of 2023 Sees 88% Drop in Regulatory Penalties for Global Financial Institutions
Global financial regulators levied 97 fines in the first half of 2023, totaling more than $189 million, representing a huge...
Comms Surveillance: Everyone Plays a Role in Picking a Vendor
Federal regulators’ attention on the use of mobile devices in the financial services industry has companies adopting new technology and...
The China Syndrome: Competing Regimes Make Due Diligence a Tall Task
The U.S.-China relationship has never exactly been a great one — remember the spy balloon? But recent escalations on both...
Stock Issuers & SEC Taking the Fight to ‘Toxic’ Lenders
The SEC over the past few years has dramatically ramped up its fight against so-called toxic lenders: convertible note purchasers...
Ongoing Banking Crisis Shows Many Orgs Lacking Connective Tissue Among Risk Functions
This year has already seen four bank failures, starting with the spectacular collapse of Silicon Valley Bank in March, and...
Business Continuity Lessons From Our Year of Banking Failures
In the nearly six months since the failure of Silicon Valley Bank (SVB), three others have gone belly-up, the most...
FinServ Layoffs Increase Risk of Payment Fraud
Financial services companies, at a heightened risk of payment-related fraud due to the nature of their services, are also at...
Why Passwords Still Matter for FinServ Compliance
Multi-factor authentication. Biometrics. Cybersecurity training. Organizations do a lot to keep their employees from falling victim to a cyber attack....
UK Insurance Sector Adjusting to Sea-Change Consumer Duty Regulation
Starting this week, the UK’s Consumer Duty Act is in force for new and existing insurance products or services open...
Research: Racial, Gender Bias Still Rampant in Investment Industry
Racial and gender bias continues to plague investing in both the U.S. and UK. In fact, in 2022, women-founded U.S....
Don’t Wait for the New SEC Cybersecurity Rule to Become Better Stewards of Data
New cybersecurity requirements are coming for financial advisers and others in the financial services sector. While enforcement isn’t here yet,...