by Amitabh Nangia | Feb 23, 2023 | ESG, Financial Industry
While financial institutions (FI) have come a long way in streamlining their financial data, they are now facing a familiar challenge in repeating the process with the Environment, Social and Governance (ESG) data. One of the main differences in sourcing ESG data is...
by Steven McCann | Nov 4, 2022 | Financial Industry
Co-authored by Maurizio Cuna The digitization of financial services has exponentially increased the volume and value of customer data held by banks. Enabled by various Open Banking initiatives globally, there is increasingly a need to establish trust between parties...
by René Merkofer | Oct 6, 2022 | Financial Industry
Executive summary What: 7th MaRisk novel published for consultation on 26th September 2022 Timeline: Until 28th of October 2022 Target group: Especially important for less significant institutions (LSI) Planned implementation of EBA GL 2020/06 requirements Existing...
by Jorge Martinez de Paz | Jul 22, 2022 | ESG, Financial Industry
co-authored by Gerardo Salonia What may it imply for banks? 1.Likely implications for banks The title already suggests its main conclusion: there are effectively no implications as of today, however there will certainly be. It may not be clear what banks will need to...
by Lokesh Babu | Jun 14, 2022 | Banking, Financial Industry
Australia’s open banking regulatory framework, consumer data rights (CDR), since its launch in Jul ’20, has made considerable progress in the banking sector, with the energy and communication sector to follow. CDR is an opt-in service for the customer upon...
by René Merkofer | May 17, 2022 | Financial Industry
7th MaRisk amendment expected in 2nd half 2022 After the application of the EBA guidelines on loan origination and monitoring for significant institutes in June 2021, the publication of the 7th MaRisk amendment is expected for the second half of 2022. As a result, the...