In the course of teh transition to ISO20022, the European payments infrastructure will change fundamentally and enormous opportunities in terms of process efficiency and an optimized customer experience will open up. Even though the integration of the standard is not mandatory from a regulatory perspective: To keep pace with international developments, extensive implementation projects lay ahead of European banks. In this article, we provide a brief overview of what is at stake and when the changes will take effect.
WeiterlesenAn environment of recovering prime rates has led regulators to put more emphasis on interest rate risk in general and triggered the EBA release of an update to the corresponding EBA guidelines (EBA/GL/2018/02) on 19 July 2018 which is scheduled to enter into force as of 30 June 2019 and takes the standards formulated in BCBS 368 into account.
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