Implementation of the EU’s Fifth Money Laundering Directive on 10 January 2020 is now fast approaching.
Despite August being the height of the holiday season, central bankers at the ECB have found the time to issue a newsletter calling on banks supervised under the Single Supervisory Mechanism to step up their Brexit preparations.
The FCA has sent a Dear CEO letter to payment firms requiring them to review their safeguarding arrangements for customer funds and to attest to compliance.
Where things stand two months since MiFID 2, which includes MiFIR, came into effect.
Financial data is one of the most attractive data sets for hackers, so financial institutions are at a high risk of being attacked.
The DES project envisages supervision as a “pre-emptive and collaborative tool” using established project methodology including milestones and deadlines.