Blog
Basel 3.1 Capital Requirements
Basel 3.1 Standards are transforming UK banking, focusing on capital requirements and risk management. This key update aligns the UK with global financial norms, enhancing banking sector stability and competitiveness.
AI Act: EU Rules
The EU's Artificial Intelligence Act (AI Act) significantly impacts financial institutions, emphasizing risk classification, privacy, and AI accountability. It outlines compliance strategies and timelines for financial services, fostering ethical and transparent AI usage.
AIF and UCITS Comparison
EFAMA's recent report highlights the significant growth of Europe's Alternative Investment Funds (AIF), with a notable increase in net assets and stability compared to UCITS.
Cybersecurity Penetration Tests: ESA RTS
The ESA's initiative focuses on strengthening financial sector security through Cybersecurity Penetration Tests. This approach, aligned with EU Regulation 2022/2554, emphasizes digital resilience and mandates rigorous testing standards.
DORA Regulation: RTS on Subcontracting ICT Services
DORA Regulation marks a significant shift in the EU financial sector, focusing on ICT services outsourcing and operational resilience. It mandates thorough risk assessments, longer contract negotiations, and enhanced infrastructure investment for financial institutions.
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