NEWS & ANALYSIS FROM BRAITHWATE’S EXPERTS.
UK-Singapore FinTech Bridge
Braithwate is delighted to see the UK-Singapore FinTech Bridge established to promote collaboration between the FinTech sectors to the two countries.
How to manage the risk of AI bias in Identity Verification
Braithwate and HAI share insights on AI bias risk posed by the adoption of automated Identity Verification solutions as part of increasingly digitised customer onboarding journeys. In order to mitigate AI bias risk and continue to deliver fair customer outcomes, we recommend firms review their technical and qualitative approaches to AI bias risk management.
Announcing the Braithwate Compliance e-Learning Platform
With the breadth of regulatory requirements firms face today, it is essential that staff understand their obligations as participants in the world of financial services. Braithwate has partnered with leading e-learning provider, Skillcast®, to offer a comprehensive library of self-paced online compliance training courses.
The emerging clarity in digital asset regulation
The next 12 months looks likely to deliver an avalanche of new regulatory requirements; we see this as a positive step for the industry, recognising the increasing importance of digital assets and providing clarity for users and firms.
AI in financial services: considerations for effective risk management
BRAITHWATE IS EXCITED TO ANNOUNCE ITS STRATEGIC COLLABORATION WITH HOLISTIC AI TO HELP FINANCIAL SERVICES FIRMS ADDRESS CHALLENGES POSED BY THE USE OF ARTIFICIAL INTELLIGENCE (AI).
Biden’s EO on Ensuring Responsible Development of Digital Assets says nothing and everything
PRESIDENT BIDEN’S RECENT EXECUTIVE ORDER ON ENSURING RESPONSIBLE DEVELOPMENT OF DIGITAL ASSETS SAYS NOTHING AND EVERYTHING: NO SPECIFIC POLICIES WERE ANNOUNCED, HOWEVER, READING BETWEEN THE LINES, THE DIRECTION OF TRAVEL IS CLEAR.
SEC settlement with BlockFi may be the biggest development in crypto regulation yet.
The BlockFi settlement with the SEC is a significant step in the development of US crypto regulation. This blog analyses the impact on the broader crypto market.
FCA publishes CP 21/36: A Consumer Duty
Braithwate assesses the potential implications of the FCA’s proposed Consumer Duty.
Event: 5 Oct 2021 - FINOS Open Data Standard for a Financial Regulation Taxonomy and Ontology
Braithwate + Change Gap are working with Deutsche Bank to develop an open source data standard for a taxonomy and ontology to classify financial regulation. Learn more at the Open Source Strategy Forum on Tuesday 5th October.
Why regulators must open up their data to the city
Financial regulators around the world collect troves of data from financial institutions. Opening this up to the public offers an opportunity to improve financial services. Read more in our Op Ed in Financial News.
Braithwate opens new office in the heart of the City of London
We’re excited to open the doors to Braithwate’s new office in London. As specialist advisers in financial services, there really was only one place for us to be - in the heart of the city.
Braithwate introduces office hours - free consultations to help financial services clients tackle emerging issues
Braithwate launches Office Hours - free weekly consultation sessions to help the financial services community better understand and respond to evolving regulatory requirements and market dynamics. Book your consultation online now!
SEC Risk Alert explains the focus of examinations for firms dealing in digital assets
Braithwate analyzes the SEC’s Risk Alert on the focus of examinations for firms dealing in digital assets. The risk alert covers Investment Advisors, Broker-Dealers, National Exchanges and Transfer Agents and highlights key themes that the SEC’s examiners have identified. Firms should review the risk alert and ensure their compliance program meets these supervisory expectations.
Not to be left out, the UK has also issued new cryptocurrency and digital-asset rules
Hot on the heels of a raft of new crypto regulation in the US (and not long after EU's proposed Markets in Crypto Assets regulation), the UK has announced a new regulatory approach to crypto-assets and stablecoins, along with a warning from the FCA that cryptocurrency investments may be "very high risk".
New year, new US cryptocurrency and digital-asset regulations
While most of the world was taking a much-needed break over the holiday season, US financial regulators steamed ahead, issuing a raft of new regulations designed to address the lack of standards for the crypto-asset marketplace.
EU Markets in Crypto-assets
The infographic below is Braithwate's summary of the key components: three regulated forms of Crypto-Asset (Utility Token, Stablecoin and E-Money Token) and new authorisations and compliance requirements for Crypto-Asset Service Providers.
Five Steps to Regulatory Compliance
In this infographic, we set out the five steps to regulatory compliance, along with key considerations for Compliance leaders.