Blog

In today's interconnected business landscape, Third-Party Risk Management (TPRM) is pivotal. As firms increasingly rely on external partners, the potential for risks grows. Effective TPRM ensures businesses can benefit from third-party collaborations while adeptly managing potential threats.

Central Bank Digital Currencies (CBDCs) are reshaping global finance, offering secure alternatives to traditional money forms. However, challenges like potential disintermediation and data privacy concerns loom.

DeFi, with its blockchain-driven approach, seeks to transform finance by eliminating intermediaries using smart contracts. However, as its influence grows, so do its vulnerabilities. The FSB's 2023 report highlighted the sector's resilience.

UKSIF's recent advocacy for global IFRS adoption to the ISSB marks a pivotal moment in sustainable finance. Highlighting the need for uniform reporting standards, UKSIF envisions a world where financial practices seamlessly converge with sustainability goals.

The PRA's updated framework on GSIIs highlights a global shift towards synchronized financial regulations. As banks span continents, unified rules become vital. The inclusion of trading volume and insurance subsidiaries reflects modern banking's multifaceted nature.