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Regulation’s role in supporting the economy during Covid-19 – a global take
The global Covid-19 pandemic has resulted in the worst economic downturn since the Great Depression. Economic health is not usually the remit of the regulators; in a true free market regulation can inhibit growth, as its primary function is to..
Online Published Date:
10 July 2020
Appeared in issue:
23.05 - 10 July 2020
Covid-19 and financial regulation
“No ships unload, no looms at work we see, But all are swallow’d by the damn’d South Sea. ” Alexander PopeThis summer is the 300-year anniversary of the South Sea Bubble, when one of the greatest financial calamities faced by the UK wiped out the..
Online Published Date:
10 July 2020
Appeared in issue:
23.05 - 10 July 2020
Impact of Covid-19 on non-performing loans and loan loss provisioning in Nigeria
The Covid-19 pandemic has perhaps been one of the biggest challenges to human existence in recent times. A black swan is certain to create a gigantic credit risk in the financial sector of any economy. While the economic impact of the novel pandemic..
Online Published Date:
10 July 2020
Appeared in issue:
23.05 - 10 July 2020
How banks can detect money mules in the time of Covid-19
Different informal methods of laundering illicit funds have evolved over the years by criminal networks and organisations. Professor Nikos Passas, in his 2005 report to the National Institute of Justice, listed various informal value transfer..
Online Published Date:
10 July 2020
Appeared in issue:
23.05 - 10 July 2020
Keeping an eye on financial crime
Banks and financial institutions are in the eye of the Covid-19 storm with credit and market risks (among many others) front and centre. As criminals are increasingly taking advantage of the pandemic and using these institutions to launder..
Online Published Date:
10 July 2020
Appeared in issue:
23.05 - 10 July 2020
Banking in the time of Covid-19
The Covid-19 pandemic, which began to cast its grim shadow over the world around the turn of last year, has impacted almost every sphere of human life, perhaps the most alarming of which is the manner in which it has laid waste to the global economy..
Online Published Date:
10 July 2020
Appeared in issue:
23.05 - 10 July 2020
The FCAs response to Covid-19
The Financial Conduct Authority (FCA) recently published guidance on how certain regulated firms are expected to deal with customers who are currently (or will be) experiencing difficulties regarding payments due to Covid-19. If the customer was..
Online Published Date:
10 July 2020
Appeared in issue:
23.05 - 10 July 2020
Covid-19: The UK financial regulator’s response
The Covid-19 pandemic has presented a new set of challenges to regulators and the regulated alike. It’s safe to say that most crisis-management scenarios the UK regulators had previously stress-tested had not envisaged a lengthy period of time..
Online Published Date:
10 July 2020
Appeared in issue:
23.05 - 10 July 2020
Financial exclusion and Covid-19: Implications for AML regulation, with reference to Nigeria
This paper considers the current status of the global anti-money laundering (AML) and counter terrorist financing (CFT) regime prescribed by the Financial Action Task Force (FATF) and, in particular, explores the effects the global pandemic is..
Online Published Date:
10 July 2020
Appeared in issue:
23.05 - 10 July 2020
Staying safe from social engineering
The rate of technological advancement has been so rapid over the past few decades, that it’s sometimes easy to forget just how far we’ve come. Smartphones, for example, have become such an integral part of our daily routine, that it’s almost..
Online Published Date:
10 July 2020
Appeared in issue:
23.05 - 10 July 2020
The EU highlights concerns for CLO ratings in the Covid-19 era
One of the most important and heavily utilised sectors of the asset-backed securities marketplace is the collateralised debt obligation (CDO) product sector. These products are securities which are backed by a pool of diversified assets, and they..
Online Published Date:
10 July 2020
Appeared in issue:
23.05 - 10 July 2020
Trading OTC derivatives during the coronavirus pandemic
The SARS-CoV-2 virus (Covid-19) pandemic has a wide-ranging impact on financial markets and the global economy. Efforts of the financial industry, regulators and economy mainly concern ensuring business continuity, the management of market..
Online Published Date:
10 July 2020
Appeared in issue:
23.05 - 10 July 2020
Maintaining a going concern status during and post-Covid – palliatives and restructuring considerations for businesses
The coronavirus disease was declared a global pandemic on 11 March 2020 by the World Health Organization (WHO) due to the alarming spread and severity.1 To curb its spread, many countries around the world declared national lockdowns which..
Online Published Date:
10 July 2020
Appeared in issue:
23.05 - 10 July 2020