Cyber Scam Recovery’s Post

Are banks actually getting better at settlement? AccessFintech's Global Head of Buyside Customer Experience, Pardeep Cassells spoke with Banking Risk and Regulation, commenting on CSDR cash penalties and how their upcoming re-fit impacts settlement efficiency. “Banks will be under greater pressure to improve settlement rates further, both from a liquidity and balance sheet perspective, but also from a client service perspective as their asset manager. Clients need timely and accurate transaction handling,” said Pardeep. You can read the full article below. #Tplus1 #T1 #Settlements #CSDR

When trades fail to settle, it is a giant pain for both sides and a major form of operational risk, write Farah Khalique and John Crowley. But are banks actually getting better at settlement? Goldman Sachs recently reported a “significant improvement” in achieving a “greater than 99%” same-day settlement rate. But what else is driving better settlement risk rates? As US banks prepare to shorten trade settlement times to T+1 by May 28 this year, they are looking closely at their post-trade processes to remove inefficiencies. Insights from Björn Storim, MBA, FRM, MRICS, Cécile Nagel, CFA and Ben Pott from BNY Mellon, plus The Depository Trust & Clearing Corporation (DTCC), Clearstream and European Securities and Markets Authority (ESMA). Analysis via Pardeep Cassells at AccessFintech. Read more 👉 https://lnkd.in/dSUQq9f4 #settlements #settlementservices #bankingindustry

What's happening in the banking sector with takeovers from regulators and asset sales to other banks (big or small) is going to happen in 3rd party property management. Just remember, one day when some folks are inevitably going to cry foul on the players who "win" - the fundamental reason why a regulator steps in is because of misdeeds/mismanagement by the original operator.

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For the first time since synthetic risk transfers (SRTs) debuted after the GFC, the press and market are finally beginning to embrace them as “mainstream.”  I think that is great news. What was once a niche market in Europe is now growing across the US, from GSIBs to regional banks. US Bank, Huntington, Santander, and other household names are quickly moving in. For bank managers, this should be something to celebrate. At a time of economic uncertainty and growing regulatory burdens, private investors are expressing they are ready and willing to work with banks to help them de-risk. There is lots to do in this space, thrilled to see the market finally embracing it in earnest. https://lnkd.in/dfj4FtJd

Resilience is a hot topic in the world of UK payments. It was around this time last year that instability around the Silicon Valley Bank and Credit Suisse threatened to put the global banking system into crisis mode. But payment and operational resilience in the system held up. In the latest article of The Treasurer, Bottomline's Richard Ransom outlines the importance of compliance, control and cash-flow management as corporates prepare for new resilience rules. https://okt.to/QEbgIr

MoneyLIVE Summit is back in action on March 6-7, 2024, at London’s QEII Centre, bringing together 1000+ banking and payments leaders from across Europe. Get ready for insights from CEOs of Lloyds Banking Group, NatWest Group, Standard Chartered, Atom bank, Metro Bank (UK), and more, including the FCA. This conference is your window into the future of banking and payments in 2024 and beyond. From BigTech threats to higher interest rates, explore major industry shifts. Don’t miss out on strategic insights from top banks! Visit: https://lnkd.in/d6K_FkZf #MoneyLIVESummit #Banking #Payments #FinTech #financeworld #financeworldmagazine

Don't miss this on-demand webinar featuring experts from Swift, Kapronasia, Invartis Consulting, and Bottomline. The webinar will cover achieving end-to-end visibility in payments and securities through Swift connectivity in the dynamic APAC financial landscape. #CapitalMarkets #Reconciliation #SwiftConnectivity #APAC #AssetManagement #FundManagement #PrivateBanking

In our latest look at the CFPB’s expanding supervisory authority of fintechs and other non-bank financial service providers, RegFi cohosts Jeremiah Buckley and Sasha Leonhardt welcome fellow Orrick partner — and former deputy general counsel for the CFPB — John Coleman. John shares his insights on the Bureau’s first of its kind decision to publicly announce its intention to assert supervisory authority over an individual institution, what companies can do to prepare for regulatory examinations, and how financial regulators might leverage technology to transform the supervisory process. Listen now: https://bit.ly/RegFiEp29 #CFPB #fintech #financialservices #finreg

We're expecting the CFBP 1033 ruling to be released next month. A LOT is going to change in our industry as we enter the next era in open banking. What will that mean for you if you work at a bank, credit union, or fintech? Register for our webinar to learn more!