Risk Management Systems Insights
2nd February 2021
Using data and analytics to scrape social media sites to combat the influence Reddit pages like r/wallstreetbets have had over markets in recent weeks is pointless, according to Toscafund Asset Management’s chief economist, Dr Savvas Savouri.
Reports have suggested that hedge funds will now start scraping data from Reddit forums, using... read more
1st February 2021
To say that 2020 has been eventful would be an understatement. No one could have predicted how these past 12 months would pan out and how big an impact the pandemic would have on the global economy and the banking sector specifically.
As such, several new banking trends have emerged as lenders attempt to safely navigate the challenges posed by... read more
27th January 2021
This month, the Financial Crimes Enforcement Network (FinCEN) fined Capital One $390m for violating the Bank Secrecy Act (BSA) and failing to comply with regulations – but the firm claims it is committed to tackling money laundering.
“Capital One takes its anti-money laundering obligations very seriously,” said a spokesperson... read more
26th January 2021
Each year, we ask the market to vote for those fintechs they believe stand out from the competition – those who have gone the extra mile in terms of development and servicing their clients. As well as sector specific categories, we ask the market to suggest those organisations that have demonstrated business attributes that have set them... read more
15th January 2021
Regulators issued fresh warnings on investing in cryptocurrencies after Bitcoin skyrocketed to a new all-time high last week.
The UK’s Financial Conduct Authority (FCA) cautioned consumers about the high risks involved in investing in cryptocurrencies.
“Investing in cryptoassets, or investments and lending linked to them,... read more
5th January 2021
The rise of anti-money laundering (AML) related fines over the past few years shows regulators are homed in on tackling the problem, but current supervisory regimes lack efficiency when it comes to tackling the amount of fraud, according to market participants.
“Banks spend billions on their compliance plan, and then they get fined on... read more
18th December 2020
Challenger banks are still an “afterthought” in financial services regulation ten years after the first one appeared, according to a report on Diversity of Banking Institutions.
“Conditions for start-ups in the UK are good but it is difficult for them to scale in a way where they can challenge established institutions,”... read more
16th December 2020
ESG investments are growing fast, supported by regulatory initiatives and increasing interest in sustainability issues. The pandemic-induced crisis has further highlighted the importance of business models with solid ESG factors to address the changes taking place.
Our sample (based on Assogestioni, Morningstar, Refinitiv and mutual funds... read more
16th December 2020
The institutional investment management industry worldwide is moving deeper into the 24/7/365 digital operating environment. Most of the largest asset management firms are in advanced phases of their digital transition; while medium and smaller firms are still plotting their digital roadmap or beginning their journey. All roads lead to a full... read more
16th December 2020
It’s the most wonderful time of the year!
Well, except for the accounting community struggling with the year-end close.
Most of the stress and frustration around closing the books is generated by unfit tools and the organisation of the process. Managing period-end close in accounting has several distinct challenges every F&A... read more