News & Views

Regulator’s spotlight now firmly on COREP returns accuracy

Last year, the PRA issued a ‘Dear CEO letter’ setting out its intention to review the accuracy of COREP returns. Now, the Regulator has started to press ahead with their review, and has issued a wave of S166 reviews to investigate individual business’ COREP processes and procedures. We now believe that the next step will be for the FCA to take the same approach for those firms that fall under its regulation.

Cyber security development in fintech

The convergence of technologies such as the internet of things (IoT), artificial intelligence (AI), machine learning, big data and data analytics has played a significant role in the adoption and evolution of several fintech applications. However, with the adoption of new technology comes the risk of those applications becoming a primary source of weakness and point of entry for cyber-attacks.
 

Young professionals say London shipping must be adaptable and competitive

A new survey by The Shipping Professional Network in London (SPNL) has found  that London must adapt to a fast-changing environment and improve its competitive edge in order to remain a relevant global maritime centre. Respondents to the survey also identified access to the single market and freedom of movement as key negotiating issues for shipping in the UK’s exit from the European Union.
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