Peer to Peer Lending is one of the fastest growing segments of the Fintech sector. However, its surprising to see that there is a huge segment of teh population that still doesn’t have a firm grasp on what Peer to Peer lending actually is? This article hopefully answers your questions or helps to educate you …
In the last article, we explored how marketplace lenders could attract Basel III type rules. Staying on the subject of Basel III, we believe that they are the very rules that are in fact fueling alternative finance such as peer to peer and marketplace lending. In this article, we look at things from the other …
The D-Day for the Foreign Account Tax Compliance or FATCA is looming closer. From 1st of July 2014, FATCA requires Foreign Financial institutions (FFIs) outside the United States (US) to pass information about their US customers to the US Tax Authorities, the Inland Revenue Services (IRS). A 30% with holding tax is imposed on …
How Basel lll Requirements are Presenting Some Real Challenges – And How Firms Can Meet Them Since the release of Basel lll, financial firms and regulators are continuing to adapt their systems to the new capital standards – and as the focus of Basel lll is now shifting to implementation, there are some challenges that …
The recent spate of scandals affecting the banks yet again calls into question the effectiveness of risk functions. In recent years, a whole new risk infrastructure has been established to demonstrate that firms have a better handle on risk. Why so? – “because the regulator says so” is the meek response. The sceptics (often in …
Why Bank CEO’ss Should be Reviewing Their Risk Functions Read More »
The need for insurers to improve the management of credit exposures has come into sharper focus recently. This has been under scrutiny from the FSA notably in their discussion paper in April 2003 “Review of UK insurers’ risk management practices” and the subsequent letter to the CEO to Life Insurers and Friendly Societies. To recall …
Corporate Failures: Executives and Their Advisors Are Held Personally Responsible and Face Fines as well as Prosecution Regulators have to become harsher in light of the financial crisis – they are inflicting some very serious penalties for wrong doings – could you be the next one considered not “fit or proper?” In an attempt to …
FSA Will Hold Eexecutives Personally Responsible for Poor Risk Management & Controls Read More »
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