Before we start talking about terrorist financing, first we need to define what terrorism is. As one of the people who fought ETA in Spain: when you have all your family at home…with several locks, ADT or any type of alarm, an aggressive dog, a bodyguard, electric fence… and with all those controls, you still [...]
IFRS 9, when the rubber hits the road IFRS 9 is said to be the most disruptive evolution banks have been facing in the last 40 years; we will see why it is really so. It is also likely to render obsolete many regulatory requirements. For these reasons [...]
If you want your Audit Committee to be efficient, here are some key elements: Its objective is to review and report; in some cases also recommend or approve. Members should use risk management and focus on those risks related to financial statements, frauds, regulatory compliance, privacy and technology of information. There should be a description [...]
Upcoming Events 6th Annual Collateral Management Forum In 2017 we are organizing our 6th Annual Collateral Management Forum, which has now made its name on the market thanks to our returning participants and sponsors. We are proud to introduce this event where [...]
The 3 lines of defense is a model that has been taken from the military but with different focus in business: the approach is to mitigate any risk that the company is exposed to. Which ones? Any. It defines: First line: the areas that are in direct contact with the client; or that make possible [...]
Upcoming Events Learning outcomes How to leverage Internal Audit assisting and ensuring Supervisory and Executive Boards that the 4 Lines-of-Defence are operating efficiently and effectively Understand the need for banks to be prepared to be audited in the governance area –agendas, [...]
Upcoming Events Learning outcomes Gain an Overview of the Dynamic Cyber Security Landscape. Explore key Laws, Legal Rights and Corporate and Personal Liabilities and Responsibilities. Learn the holistic approaches to Leadership, Strategy and Governance in Cyber Security Identify Critical Information Assests [...]
Know your customer is an important part of deterring and protecting yourself and the company of being used to launder money. There are basic controls any company (financial or non-financial) can apply: Meet the customer in person: at least once in your life. Sometimes criminals use other people to make operations on behalf of them [...]
Upcoming Events Learning outcomes Grasp the Overall Structure of MiFID II. Understand the Investor Protection Componants of MiFID II. Comprehend the Changes to Client Classifications Realise the Changes to Suitability and Appropriatness Checks Recognise the Changes to Product Governance Distinguish the [...]
Upcoming Events 5th Annual Retail Banking Forum The Banking sector is going through very turbulent times due the innovations on the market. Retail banks are trying to keep up with the new entrants of the market like challenger banks or FinTechs. The [...]
