Tag Archive: Deutsche Bank

“A lack of clarity over FTR 2015 could harm payment flows” writes Deutsche Bank’s Stefan Fruschki for Global Banking and Finance Review

To strengthen the European payments industry’s efforts to combat money laundering and terrorist financing, the EU Funds Transfer Regulation 2015 (FTR 2015) came into effect on 26th June 2017. There is more to FTR 2015 than meets the eye, however. Concerns are mounting that FTR’s obligations are, in places, open to interpretation. Writing for Global Banking and …

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FTR 2015’s regulatory success relies on further industry collaboration, writes Deutsche Bank’s Christian Westerhaus for Money Laundering Bulletin

Last month, the EU Funds Transfer Regulation 2015 (FTR 2015) – which aims to ensure the full traceability of payments – came into effect. Helping to prevent and detect illicit financial transactions, FTR 2015 implements the updated international anti-money laundering (AML) and counter-terrorist financing (CTF) recommendations by the Financial Action Task Force (FATF) and, therefore, …

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A New Playing Field: Deutsche Bank discusses the implications of the new European Directive on Payment Services (PSD2) in Flow Magazine

PSD2 is certainly not a minor update of the original EU Payment Services Directive (PSD1) established in 2007. It brings three major changes to PSD1: it widens the geographical and currency scope of predecessor regulation; it introduces higher levels of payment security and authentication; and finally, and perhaps most disruptively, PSD2 licenses third party providers …

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Writing for Finextra, Deutsche Bank’s Christian Westerhaus believes clarity over EU FTR 2015 is needed

Effective since 26th June 2017, the EU Funds Transfer Regulation 2015 (FTR 2015) sets out to ensure the traceability of payments transactions, which is a powerful tool in the prevention, detection, and investigation of money laundering and terrorist financing. But with its implementation comes unexpected hurdles for payment service providers (PSPs). Writing for Finextra, Christian …

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Writing in Treasury and Risk, Deutsche Bank’s Seth Brener explores how corporates can “make the most out of their cash”

Managing excess liquidity has never been more challenging for the corporate treasurer. Low – even negative – interest rates mean treasurers can no longer rely on leaving their excess cash in overnight deposits. In addition, new financial regulations such as Basel III have only further complicated the question of what to do with excess liquidity: …

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Deutsche Bank publishes new whitepaper outlining the incoming EU Funds Transfer Regulation

Financial institutions and regulators require a common understanding of the EU Funds Transfer Regulation 2015’s (FTR 2015) revised scope and implications before its effective date or else they risk disruptions to transaction flows. This is according to Deutsche Bank’s newly-published whitepaper, “Funds Transfer Regulation 2015: a regional regulation with a global impact”. Applicable from 26 …

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Deutsche Bank discusses the challenges and opportunities facing the Supply Chain Finance community in Flow

For Deutsche Bank, Supply Chain Finance (SCF) has become the fastest growing business lines within the trade finance product family – with payables finance (also commonly referred to as reverse factoring and approved payables finance) displaying revenue growth rates of 20-30% in recent years. However, the market is yet to capitalise on its full potential. …

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Deutsche Bank’s Flow Magazine discusses ISO 20022

ISO 20022 will play an instrumental role in the future of payments – providing operational efficiency and enabling banks and market infrastructures globally to communicate. Yet it only really works if banks and market infrastructures around the world are harmonised, or at the very least aligned, in their migration efforts. In an article for Flow …

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Deutsche Bank’s Christian Schaefer assesses PSD2’s potential to enhance the European payments market in PaymentEye

The second “European Directive on Payment Services in the Internal Market”, commonly referred to as PSD2, has sparked discussion around its potential to further develop the European payments market. Speaking to PaymentEye, Christian Schaefer, Head of Payments, Cash Management Corporates, details how PSD2 will deliver these opportunities from its effective date in January 2018. Along …

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In a feature for Bobsguide, Deutsche Bank’s Christian Schaefer says banks must seize PSD2’s opportunities for innovation

  From January 2018, the “European Directive on Payment Services in the Internal Market”, commonly known as PSD2, comes into force with the aim of ensuring that the European payments market remains transparent and secure. In a feature for Bobsguide, Deutsche Bank’s Head of Payments, Cash Management Corporates, Christian Schaefer, joins other experts to explain …

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