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Basel III Regulation- Comment
Comment from Abhijit Deb, UK Head Banking & Financial Services, Cognizant
“The current regular meeting of the G20 countries which is due to formally endorse Basel III is effectively dealing with a ‘fait accompli’, as any financial institution impacted has been preparing at scale for some time to ensure they are compliant. However, some have voiced concern over how sufficient the standards are to prevent another financial crisis.
“Ultimately, no single regulation will completely remove risk from capital, liquidity or other financial management. Instead, banks and regulators must consider the overall coherence of regulations against potential risks and ensure there remains a consideration of how financial institutions operate, as well as the broader market environment. By adopting this approach, institutions can look beyond basic ‘box ticking’ exercises at the reporting level, which are too often not applied at the initial transaction or banking/trading book level. This ‘operational lineage’ principle, across multiple risk and regulatory dimensions should be the key area of focus for well-managed banks and financial institutions, after considering how, when, where and how much to transform operations to meet current and future regulatory requirements.”
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Oxford Risk: Placing the Human at the Center of Wealth and Asset Management Transformation
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CLS Appoints Six New Board Directors
CLS, a financial market infrastructure group delivering settlement, processing and data solutions, today announces the appointment of six new members to its Board of Directors at the CLS Annual General Meeting held on 9 June 2026.
Mobey Forum Calls for a Collaborative Approach to Fraud Prevention in Rethinking Fraud in a Connected World
Mobey Forum’s Fraud Expert Group has published a new report, Rethinking Fraud in a Connected World: Trust, Collaboration, and Resilience in the Digital Ecosystem, exploring how fraud is evolving beyond traditional banking threats and why stronger collaboration across industries is becoming essential.
SumUp Launches in Canada
SumUp, the global financial technology company, today announced its official launch in Canada. The milestone makes Canada SumUp's 38th market and its latest step in building out its presence across the Americas, as the company continues its mission to make commerce simpler and more accessible for all businesses worldwide.
European Fintech Association Elects New Board of Directors
The European FinTech Association (EFA) today announced the election of its new Board of Directors, bringing together senior leaders from across Europe's fintech ecosystem to guide the Association's work over the coming term.
G+D: Navigating the Future of Fintech Agility and Innovation
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Connect IFA Strengthens Leadership Team to Drive Growth and Enhance Adviser Support
Connect IFA Ltd is pleased to announce key leadership appointments designed to strengthen its commitment to growth and enhance the support it provides to advisers and network members.