Financial services
May 2023 | SPECIAL REPORT: FINANCIAL SERVICES
Financier Worldwide Magazine
May 2023 Issue
Q&A: Mitigating fraud and financial crime in the financial services sector
Organisations need to invest in technologies such as biometrics and detection engines enhanced with behavioural models to prevent scams or minimise the losses posed by emerging threats. FW discusses mitigating fraud and financial crime in the financial services sector with Liviu Chirita, Penny Dunn and Mark Rigby at PwC.
New DOJ policy adds choice and complexity to the decision to self-report
MoloLamken LLP Companies that discover misconduct should carefully weigh the potential benefits of disclosure to a specific US Attorney’s Office before relying on the policy.
Current climate, key drivers and issues in FCA enforcement
Pinsent Masons As it nears pre-teen status, we see an increasingly confident regulator take a more interventionist approach to firm supervision, addressing issues via its supervisory powers rather than wait for formal FCA enforcement referral.
Cleary Gottlieb Steen & Hamilton LLP The UK government is concerned with “future-proofing” the future UK regulatory framework to ensure that it can keep pace with market changes and technological developments.
Embedded finance providers: friend or foe?
CMS The EF industry is ever-growing. Will partnerships between FIs and EF providers continue to grow offerings in this industry, and will the current level of white-labelling be maintained?
How do you regulate an asset like crypto?
Dentons Despite the increasing respectability of crypto, there remains a need for greater trust in the market, which an increase in regulation may well bring.
UK and EU sanctions on Russia: the end of the beginning
Brown Rudnick LLP For financial services firms, it is important to continually assess compliance to ensure that internal policies account for the sometimes divergent approaches between the UK and the EU.
Mergers & acquisitions in the financial sector: a financial crime focus
FINTRAIL For firms considering an acquisition or merger in the financial services sector, effective compliance due diligence should be a key part of the process, particularly across financial crime.
How can an alternative asset manager ‘acquire’ permanent capital via a BDC or closed-end RIC?
Simpson Thacher & Bartlett LLP Despite the length and seeming complexity of this list, the option of ‘acquiring’ permanent AUM can offer a faster and cheaper path than organically growing it from scratch.
Finance for positive sustainable change
Taylor Wessing LLP The regulator will be keeping a watchful eye on how firms approach sustainability-related governance, incentives and competence, and firms in turn will need to follow the regulator’s baton at all times.
Q&A: Tackling ESG and climate risk: advice for financial services
As always with ESG, firms need to be clear as to the commitments and messages they wish to impart, as confusion or misinterpretation can risk denting or harming the goodwill they are trying to create. FW discusses ESG and climate risk advice for financial services with Michelle Kirschner at Gibson, Dunn & Crutcher UK LLP, Bryony Widdup at Hogan Lovells, Haney Saadah at Norton Rose Fulbright LLP and Peter Plochan at SAS.
CONTRIBUTORS
Brown Rudnick LLP
Cleary Gottlieb Steen & Hamilton LLP
CMS
Dentons
FINTRAIL
Gibson, Dunn & Crutcher UK LLP
Hogan Lovells
MoloLamken LLP
Norton Rose Fulbright LLP
Pinsent Masons
PwC
SAS
Simpson Thacher & Bartlett LLP
Taylor Wessing LLP