Natacha Maurin

London

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Articles

EU banks fear loss of NSFR relief for repo trades

Sep 18, 2024 | risk.net | Natacha Maurin

Tweet Facebook LinkedIn Save this article Send to Print this page Banks in the European Union fear regulators will abandon a temporary relief applied to liquidity rules on repo assets. This could potentially put dealers at a disadvantage compared with peers in the UK and the US, which look set to benefit from a permanently softer calibration. “Reversing is not the most appropriate word, because it would be innovation,” says a regulatory expert at a large EU bank.
Bankers hope EBA op risk taxonomy will go global

Aug 18, 2024 | risk.net | Natacha Maurin

Tweet Facebook LinkedIn Save this article Send to Print this page In 2004, bankers were still hooked on their Blackberries, Google Maps hadn’t yet been launched, and generative artificial intelligence was the stuff of science fiction. The world looks quite different 20 years later, but some things haven’t moved on. One of those is the guidance on operational risk event types published by the Basel Committee on Banking Supervision that year – but change is now in the air.
Stage fright: lenders still struggling with IFRS 9 transitions

Jul 23, 2024 | risk.net | Natacha Maurin

Tweet Facebook LinkedIn Save this article Send to Print this page Financial regulators face a perennial dilemma: create rules that are too prescriptive and not all firms will be able to follow them. Allow more leeway, and firms will interpret the rules in disparate ways. Accounting standards introduced in Europe in 2014 require banks to increase loan provisions in response to any significant deterioration in credit quality.
People: New brooms at NatWest and Tradeweb; MUFG splits rates, and more

Jul 18, 2024 | risk.net | Natacha Maurin

NatWest Markets has promoted Jonathan Peberdy to the role of chief executive officer, succeeding Robert Begbie, who held the post for five years. Peberdy was Begbie’s deputy CEO since August last year and is a 25-year veteran of the UK bank, where he has also served as head of capital markets. Begbie, who has racked up more than 40 years for NatWest, became CEO of the group’s commercial and institutional arm in March.
AI could cut time for money laundering checks by 99%

Jul 3, 2024 | waterstechnology.com | Natacha Maurin |Anthony Malakian |Max Bowie |Rebecca Natale

Tweet Facebook LinkedIn Save this article Send to Print this page A leading cryptocurrency exchange has built a large language model (LLM) that its risk managers believe will cut the time for basic anti-money laundering (AML) checks by as much as 99%. Speaking at a webinar on June 28, Ian Rooney, the head of enterprise compliance at Coinbase, said the company planned to roll out the LLM tool for enhanced due diligence (EDD) checks within the next month.
AI could cut time for money laundering checks by 99%

Jul 2, 2024 | risk.net | Natacha Maurin

Tweet Facebook LinkedIn Save this article Send to Print this page A leading cryptocurrency exchange has built a large language model (LLM) that its risk managers believe will cut the time for basic anti-money laundering (AML) checks by as much as 99%. Speaking at a webinar on June 28, Ian Rooney, the head of enterprise compliance at Coinbase, said the company planned to roll out the LLM tool for enhanced due diligence (EDD) checks within the next month.
Op risk managers say models will survive the phase-out of AMA

Jun 20, 2024 | risk.net | Natacha Maurin

Tweet Facebook LinkedIn Save this article Send to Print this page With the final version of Basel III rules for operational risk coming into force in January 2025 for the European Union, and potentially six months later in the UK, the end of internal models for op risk capital is drawing near. But risk managers say there will still be plenty of incentive to retain and invest in capital models themselves.
Third-party risk ‘converging with KYC’ amid regulatory drive

Jun 18, 2024 | risk.net | Natacha Maurin

Risk managers say the growing regulatory focus on third-party risk management (TPRM) is driving financial institutions to develop frameworks that resemble existing know-your-client processes used to fight against money laundering. “I see the TPRM world entering a KYC-like framework in terms of knowing suppliers…, that’s the only way,” said Jeff Simmons, former chief risk officer at MUFG Securities Europe. Simmons was speaking on a panel at Risk Live on June 18, 2024. Major financial market service
Regulators urged to promote cyber security investment

Jun 14, 2024 | waterstechnology.com | Natacha Maurin |Anthony Malakian |Max Bowie |Josephine Gallagher

Tweet Facebook LinkedIn Save this article Send to Print this page Policies designed to generate increased spending on cyber security could help to reduce the risk of bank runs that might follow a major cyber attack, according to a German regulatory official.
Regulators urged to promote cyber security investment

Jun 13, 2024 | risk.net | Natacha Maurin

Policies designed to generate increased spending on cyber security could help to reduce the risk of bank runs that might follow a major cyber attack, according to a German regulatory official. “Despite the growing interest in the topic, we don’t have a framework to think through how cyber attacks might impact banks, and what they might do in terms of investing in cyber security,” said Kartik Anand, an economist at the Deutsche Bundesbank’s research centre. He was presenting a paper he had co