White Papers

Financial crime, also known as FinCrime, is a complex, multi-faceted, and ever-changing threat that is advancing in its level of sophistication. Prevalence of financially motivated crime poses as an insurmountable challenge to both the development of economies as a whole and their stability, as well as the organisations that make up the whole financial ecosystem.

Regulators in the UK have embarked on an ambitious agenda to develop a more effective and efficient compliance model, incorporating the cumulative impact on the market and potential synergies in implementation roadmaps; the aim is to deliver positive outcomes for customer, markets, and firms. In total, there are 134 active initiatives with different operational and financial impacts in the short, medium, and long term.

The rise of digital companies over the past two decades has compelled traditional organisations across industries to radically rethink their operating models—for Agility, customer experience and flexibility to adopt new working practises.

CIOs engaging with the Board on a more regular basis will need new approaches to Cost optimisation fit for the Digital Transformation world.

Building a dynamic Operational Resilience framework, is not a box ticking activity from the middle office or IT departments. According to our research, only 58% have a clear visibility of their critical systems and processes.

Given the critical nature of Technology in most enterprises, that embed the Business Units with DevOps teams for their market-facing IT applications can internalise agility and better respond to market events. However, this paradigm shift requires an enhanced discipline in its investment planning to ensure it can reap the benefits of this new model.

The CSDR Settlement Discipline Regime will have a significant impact on firms globally. Its effects range from trading and contractual arrangements to NAV processing. It introduces exceptions into processes that are currently automated alongside new, manual processes. Proper preparation is essential. This paper looks at the processing challenges that SDR brings and offers solutions to address them.

Operational Resilience (OR) is all encompassing. It must be embedded as a mindset through ways of working and reinforced through culture and behaviours.

This survey was conducted to examine trends in operational resilience within financial services organisations.

The EBA Guidelines on Outsourcing, which came into effect on 30 September 2019, are designed to provide a harmonised framework to promote greater consistency in the assessment, selection, contracting and management of outsourced services across the EU and its various regulatory bodies.

Risk and Compliance functions are constantly under pressure to reduce baseline operating costs without compromising their performance. However, this is inversely proportional to the ever-expanding remit and size of these functions, presenting CROs with a major challenge.

Financial services organisations are continuously searching for ways to address the myriad challenges of today's business environment: from reducing complexity of systems and processes, to increasing profitability through cost optimisation.