Blog

EU's VAT system overhaul focuses on fraud detection and digital transformation. It mandates detailed reporting, introduces central VIES for real-time data, and emphasizes data security. Financial institutions must adapt to new regulations and IT systems, ensuring ongoing compliance and integrity.

Payment Transparency Standards are reshaping global finance, enhancing transaction traceability and accountability. They address financial crime, improve compliance, and foster a reliable, efficient financial system, setting new benchmarks in financial integrity.

In adapting to DORA, financial institutions must update incident response plans, enhance ICT infrastructures, and foster resilience. Compliance with DORA's standards is crucial for effective incident management, ensuring robust response to digital disruptions and maintaining operational integrity.

DORA Regulation transforms the financial sector with a focus on cybersecurity, sustainability, and transparency. Financial institutions must strengthen cybersecurity, invest in tech and talent, foster a culture of improvement.

The Basel 3.1 Regulation presents a pivotal challenge and opportunity for UK banks. It's a chance to enhance global financial stability, innovate in risk management, and future-proof the sector against evolving challenges.