Blog

AFME's recommendations for the EU Pay Transparency Directive focus on pre-employment pay disclosure, advocating for limiting disclosures to fixed pay only. This approach aims to simplify hiring, enhance transparency, and aid candidates in making informed decisions.

The future of Compliance Management Systems centers on advanced integration with performance management and rapid adaptation to regulatory changes. This evolution highlights the role of CMS in enhancing data security, automation, and operational efficiency.

We discussed BaFin's implementation of the Digital Operational Resilience Act (DORA), focusing on cyber incident reporting in the financial sector. The conversation covered the act's impact, streamlined processes, and BaFin's role in enhancing cybersecurity and regulatory compliance.

The Fundamental Review of the Trading Book (FRTB) by the EBA revolutionizes financial regulation, introducing advanced risk assessment models in the EU. It mandates a holistic approach to market risk, addressing past inefficiencies and demanding stringent compliance from financial institutions.

The conversation focuses on the impact of Capital Requirements Regulation 2 (CRR2) on financial institutions. It discusses the challenges and changes brought by CRR2, including enhanced risk management, compliance requirements and the need for improved resource management and transparency.