By Compli-Serve
Financial institutions have until 25 September 2026 to comment on the Prudential Authority and FSCA’s draft Joint Standard on beneficial ownership, a proposal that could materially change how regulated firms identify, verify, assess and report the individuals who ultimately own or control them. The draft Standard is intended ...
Read More
By Compli-Serve
The Independent Regulatory Board for Auditors (IRBA) has extended the deadline for public comment on its proposed revised competency framework for auditors, first released in August 2026. The updated framework responds to major technological, regulatory, economic and risk developments since the original framework was issued in 2013, and ...
Read More
By Compli-Serve
The Prudential Authority and FSCA have opened consultation on draft regulatory reporting requirements for licensed OTC derivative providers using an approved Quantitative Portfolio Margin Model (QPMM) for non-centrally cleared OTC derivative transactions. The proposed return would introduce more granular reporting at counterparty netting-set level and would require affected ...
Read More
By Lee Rossini
The value of using artificial intelligence (AI) for improving strategic decision-making is apparent. AI can provide access to analytical capabilities that were previously only available to larger organisations with technology budgets and data-science teams. However, the growth of accessible, off-the-shelf generative AI tools offers opportunities to smaller businesses through improved methods of prediction, risk management and decision-making. Nevertheless, although there is increasing adoption of AI tools, skills, cost, cybersecurity and effective integration are still challenges for these businesses.
Read more...Subscribers are reminded that they can complete monthly CPD quizzes and claim CPD hours before the 31 May deadline. View the CPD FAQs for more on accessing the CPD quizzes.
