AI AI AI: Quo Vadis? Navigating Innovation and Regulation in an Uncertain Future
AI is revolutionizing the financial services industry, but many aspects of its development remain uncertain. This blog explores what AI is, how it is currently being applied in the financial sector, and the key policy initiatives and principles designed to address its potential risks.
Towards a Cyber-Resilient Financial Sector in the EU: DORA Explained
Financial institutions face increasing attacks by criminals, posing significant risks to the economy. In response, the EU introduced DORA, setting standards to safeguard the financial market against ICT-related threats. Read the article to learn more.
The Public Investment Fund: Transforming Saudi Arabia's Future
Sovereign wealth funds (SWFs) are gaining significant traction around the globe, emerging as powerful tools for governments to manage their financial reserves and invest for the future. Among these funds, the Public Investment Fund (PIF) of Saudi Arabia stands out as a crucial catalyst propelling the nation towards a new era of economic diversification and growth.
The Power of Financial Inclusion: Breaking the Cycle of Poverty and Empowering Communities
Discover the importance of financial inclusion for reducing poverty. Learn why deliberate policy efforts are essential to unlocking its full potential and making a lasting impact on poverty reduction.
The Rise of Private Credit Funds and the New EU (AIFMD) Rules
Discover the booming landscape of private credit funds and the regulatory shifts within the EU's Alternative Investment Fund Managers Directive (AIFMD). Uncover the risks associated with these funds and stay informed about the latest developments shaping the financial landscape. Explore our comprehensive overview to navigate this evolving market with confidence.
Metaverse Revolution: Transforming Service Industries in the Virtual Economy
Are you curious about the exploding popularity of the Metaverse and its predicted multi-billion dollar impact on the service economy? Look no further! This blog explores the inner workings of the Metaverse and looks into its transformative potential for our services economy.
Upcoming Changes in CRD 6/CRR 3: An Overview of the New EU Banking Rules
To enhance the banking sector’s resilience and increased financial stability, EU has implemented the vast majority of the Basel III global standards. In December 2023 the remaining elements of the banking package was endorsed by the Council and EU Parliament and will be implemented in the EU Law. The banking package consists of a legislative act to amend the Capital Requirements Directive (Directive 2013/36/EU) and a legislative act to amend the Capital Requirements Regulation (Regulation No (EU) 2013/575). The rules will start applying on the 1st of January 2025. This article will provide you a quick but comprehensive overview of the changes and EBA’s roadmap on Basel III implementation.
Paving the Way Forward: Saudi Arabia's Fintech Strategy and Legal Landscape
Saudi Arabia is actively charting its path for the future, with Fintech emerging as a pivotal component of this strategic vision. If you seek a concise insight into the legal framework and the potential opportunities within the Kingdom's fintech landscape, discover more by delving into this blog.