Publication
Regulation Around the World: Open Finance
In this issue of Regulation Around the World we look at how regulators are developing their proposals for Open Finance.
United Kingdom | Publication | May 2020
The operational resilience of all firms is now being significantly tested, across people, systems, controls and processes. All firms are experiencing some kind of issues to manage or at least be mindful of, and the crisis is also throwing up new and different challenges to meet. Retail customers can be particularly affected, and fair customer treatment is now brought into sharp relief. Expectations around this will evolve as the crisis does, and being both agile and consistent will be very important for firms over the coming period.
From a principles basis, there are broadly six key stages recognised by regulators:
Identify | Map | Assess | Test | Invest | Communicate |
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These are also reinforced by various communications from regulators, including the recent FCA Business Plan.
Publication
In this issue of Regulation Around the World we look at how regulators are developing their proposals for Open Finance.
Publication
Canada and the European Union signed a Security and Defence Partnership (SDP), which formalizes a mutual intent to foster closer ties by establishing a framework for dialogue and cooperation across the full security and defence spectrum.
Publication
The Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) is now half way through its first phase of compliance, while the supporting regulatory frameworks constituting the building blocks for the CORSIA and Article 6 markets are incrementally being cemented in place and the market is developing fair mechanisms for managing key gap risks.
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