Know Your Customer beyond compliance view

Know Your Customer beyond compliance view

  In 2007, monoline crisis started a rippling effect that still echoes today contributing to shape a framework for financial institutions worldwide. This framework takes its roots in regulations learnt from those crisis e.g. Basel III with liquidity coverage ratio, regulations fed by sanctions and embargoes driven by country policies e.g. sanction against Iran. Data privacy regulations e.g. RGPD linked to the growth of big data are also molding the…

From compliance complexity to market responsibility

From compliance complexity to market responsibility

Compliance matters are highly complex. To ensure the financial sector maintains its effort toward a sustainable financial system, it is key for the market to appreciate, in particular, bank’s effort and challenges as well as to promote the most ethical practices. The financial world has paid the price for its past actions. Not only the bill to the regulators has marked memories, but people were impacted and changes those worldwide…