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SRB issued new liquidity data guidelines for 115 large European banks, enhancing resolvability. The focus is on refining frameworks, ensuring data reporting capabilities, and addressing deficiencies.

The Wolfsberg Group, an alliance of global banks, has issued guidelines for ethically deploying AI and machine learning in financial crime compliance. These technologies are recognized for their role in optimizing risk management in finance.

Regulatory Technology (RegTech) simplifies compliance through advanced technologies like AI, ML, and Blockchain. It enhances operational efficiency, ensures compliance, and fosters consumer protection in the face of complex regulations.

The 2019-introduced IFR/IFD sets new requirements for financial firms. Firms must identify compliance gaps, adjust governance and reporting, and create a thorough plan with staff training, tech upgrades, and ongoing checks to meet the 2023 deadline.

In ensuring BRRD compliance, financial services must develop a crisis recovery plan, maintain requisite funds for recapitalization, and establish clear crisis governance. By adhering to these measures and regulatory updates, they promote financial system resilience.