The Future of Cybersecurity – Deloitte
Deloitte publishes its “Future of Cyber Survey” after surveying over 500 C-suite executives with responsibility of cybersecurity in organisations that make at least $500 million in annual revenue. We will review and summarise some of the findings of the survey in this blog. Continue reading...
How to Open a Business Bank Account in the UK
Learn how to open a business bank account in the UK. Business banking is just a simple way to manage your business finances, expenses and claims to HMRC. The easier the better when it comes to paying fair taxes and that’s why the UK has a range of offers on the market for businesses who want to open an account in the UK. Continue reading...
Setting up a Limited Company in the UK
This article describes thoroughly how to set up a limited company in UK. We have combined information from various sources to make it as informative as possible. Please find the necessary topics from the table of contents. Continue reading...
Legal Entity Identifiers in Digital Certificates
Digital certificates are hugely important in encrypting the internet. Whether it’s for encrypting a website and adding the ‘S’ to HTTPS or it’s encrypting and signing a digital document like a PDF, digital certificates are everywhere. Up until now, they have solved some great security challenges on the internet by encrypting networks and communication channels. However, as we know, encryption is not always enough. Continue reading...
Broad Adoption of LEIs Could Save The Global Banking Sector US $2-4 Billion
The banking industry could save between US $2-4 billion in client onboarding and if more widely adopted they could help the banking industry save between 5-10% globally. This represents a total figure of around $40 billion USD. Continue reading...
Legal Entity Identifiers for Government Entities
The LEI ROC is looking to create a new item called “general government entities” which could be filled out separately and help to clarify, if there is no parent entity, at least what industry these entities belong to. Continue reading...
The European Market Infrastructure Regulation (EMIR) and Legal Entity Identifiers (LEIs)
The EMIR regulation has mandated EU trade repositories, starting on November the 1st 2017, to reject trade reports without a Legal Entity Identifier or LEI, regardless of whether the reports pertain to EU or non-EU market participants. Continue reading...
The FCA Will Take Pragmatic Approach to Supervising Reporting on Brexit Day
Uncertainty in business is still a huge topic as the UK prepares to leave the EU on the 31st October and the Financial Conduct Authority or FCA has published an ‘expectations for firms on Brexit’ article to ease some organisational worries. Continue reading...
Adoption of LEI in Payment Messages by the Payments Market Practice Group (PMPG)
In September, the Payments Market Practice Group or PMPG was set up by SWIFT to bring together payment industry practitioners and define market best practice. They published a paper on the Adoption of LEI in September 2019 and we have decided to bring a short summary of the main points in this post. Continue reading...
RegTech London – Event Summary
RegTech took place on 3rd October 2019 in St Paul’s London. The event was aimed at exploring how the financial services industry can leverage technology to innovate, cut costs and support regulatory change. St Paul’s saw a culmination of start-ups, technology providers, financial institutions, regulators and practitioners for a day of networking, seminars and collaboration. Continue reading...