Breaking News
Financial Regulators Race to the Bottom
Haydn Lightfoot, Senior Director at Synechron Business Consulting, said: “The US treasury secretary has recently published proposals to loosen several regulatory demands and raise thresholds, among other actions, to reduce regulatory obligations on banks in the US.”
“The financial sector is reaching a tipping point over maintaining regulatory standards. Attempts to attract banking business by creating favorable banking conditions is slowly becoming the priority for global financial watchdogs.
“If European regulators require further banking functions to be performed within the EU by banks operating in the region, this could push a soft Brexit relocation strategy into a hard Brexit scenario regardless of what happens in UK parliament.
“As such, UK based financial institutions working on their Brexit relocation scenarios may also want to consider a post March 2019 (phase 2) Brexit relocation plan to reflect future scenarios based on the relative risks of specific banking functions being required to move within EU boundaries to maintain access to EU clients. Whilst banks may want to limit Brexit re-location costs to a minimum, these risks could well influence location decisions for future growth.”
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Trust Travel, a TUI Brand, Partners With Qover to Deliver Seamless Travel Protection at Booking
Trust Travel, a TUI brand, has partnered with Qover to integrate travel protection into the customer booking journey
New Partnership Introduces First-of-its-Kind Model To Democratise Olympic Sailing
Sporta, the new financial home for UK sport, today announced a pioneering partnership with Performance Sailcraft and Magic
Offa Outpaces High Street Banks on Speed With Islamic Mortgage Launch
Offa has today launched a high street bank-beating Home Purchase Plan (HPP), the Islamic equivalent of a conventional residential mortgage
Engine by Starling Enters Fourth Global Market With New Zealand’s SBS Bank
Engine by Starling today announced a partnership with SBS Bank, a New Zealand-owned mutual, in its fourth international deal
New Visa Study Shows 9 out of 10 Ukrainians Want Their Payments to be Protected by Biometrics
New findings released by Visa from its Checkout Friction Report in Ukraine reveal that simplifying online checkout while maintaining robust security is key
NatWest Finalises Its Leadership Team With Latest Senior Hire Ahead of Venture Banking Launch
NatWest has appointed Ruari Phillips as Head of Venture & Growth Finance, a key leadership position in its rapidly expanding venture banking team
Former Starling Bank Co-Founder and CEO John Mountain Joins Stoa, the New Savings Technology Platform
Stoa, a UK-based savings technology platform, has appointed John Mountain as an Advisor to support product innovation
Trust Travel, a TUI Brand, Partners With Qover to Deliver Seamless Travel Protection at Booking
Trust Travel, a TUI brand, has partnered with Qover to integrate travel protection into the customer booking journey
New Partnership Introduces First-of-its-Kind Model To Democratise Olympic Sailing
Sporta, the new financial home for UK sport, today announced a pioneering partnership with Performance Sailcraft and Magic
Offa Outpaces High Street Banks on Speed With Islamic Mortgage Launch
Offa has today launched a high street bank-beating Home Purchase Plan (HPP), the Islamic equivalent of a conventional residential mortgage
Engine by Starling Enters Fourth Global Market With New Zealand’s SBS Bank
Engine by Starling today announced a partnership with SBS Bank, a New Zealand-owned mutual, in its fourth international deal
New Visa Study Shows 9 out of 10 Ukrainians Want Their Payments to be Protected by Biometrics
New findings released by Visa from its Checkout Friction Report in Ukraine reveal that simplifying online checkout while maintaining robust security is key
NatWest Finalises Its Leadership Team With Latest Senior Hire Ahead of Venture Banking Launch
NatWest has appointed Ruari Phillips as Head of Venture & Growth Finance, a key leadership position in its rapidly expanding venture banking team
Former Starling Bank Co-Founder and CEO John Mountain Joins Stoa, the New Savings Technology Platform
Stoa, a UK-based savings technology platform, has appointed John Mountain as an Advisor to support product innovation