Tag Archive: regulation

BNY Mellon’s Dominic Broom features in Global Finance’s TCM Supplement

Correspondent banking continues to be the life-blood of international trade, yet the relationships that underpin the correspondent banking model are undergoing unprecedented change. In Global Finance, Dominic Broom, Head of Treasury Services EMEA, BNY Mellon, discusses how the ongoing cost of compliance, coupled with large fines on banks for non-compliance with anti-money laundering and other …

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In Global Banking & Finance Review, Andrew Reid, Deutsche Bank, looks at the SEPA-zone one year on

In Global Banking and Finance Review, Andrew Reid looks at all the possible ways that treasurers can begin to offset the cost of compliance by leveraging SEPA’s benefits to maximise efficiency and operational cost savings for a more robust treasury set-up. Reid writes that ‘The SEPA mindset brought with it a renewed focus on treasury …

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Deutsche Bank’s Andrew Reid on optimising treasury post-SEPA, in Banking Technology

Andrew Reid, Head of Cash Management Corporates for EMEA, Deutsche Bank, looks forwards from the one-year anniversary of compliance, to the possible advances ahead. Reid explains in Banking Technology ‘SEPA’s technological achievements can be leveraged further. For example, the data-rich nature of the ISO 20022 XML standard and the fact that it is now the sole format used …

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Deutsche Bank’s Daniel Schmand, ICC Banking Chair, in The Banker on banks, the ICC and society

Daniel Schmand, Head of Trade Finance & Cash Management Corporates EMEA, Deutsche Bank, and Chair of the ICC Banking Commission, writes The Banker‘s Bracken column on banks’ role in society. Schmand wants to improve the dialogue between banks, clients and regulators, and discusses everything from trade finance to geopolitical risk in this piece. To read …

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BNY Mellon, Commerzbank and iGTB provide insights on working capital in FX-MM

Working capital optimisation is a core component of every business. In the latest edition of FX-MM, BNY Mellon’s Joanne Scheier (Corporate Segment Market Manager, Treasury Services), Commerzbank’s Oliver Klein (Specialist Trade & Supply Chain Finance), and iGTB’s Jan Gonnissen (SVP, Senior Payments Consultant) discuss the latest challenges, developments, influences and catalysts that are shaping the …

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Deutsche Bank’s Andy Reid takes stock on SEPA’s first anniversary in FX-MM

This August will mark one year since the compliance deadline for SEPA. In this month’s FX-MM, Andrew Reid, Head of Cash Management Corporates for EMEA, Deutsche Bank, looks back at what this meant for the eurozone, and how corporates both within and outside the SEPA-zone are now looking to capitalise on post-compliance advantages. To read the full …

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BNY Mellon published in the Journal of Payments Strategy & Systems

The global payments landscape is changing faster than ever before thanks to the combined impact of fast-changing technology, the ever-growing presence of non-banks, evolving client expectations, increasing regulation and shifting global demographics. In a special paper for the latest volume of the Journal of Payments Strategy & Systems, BNY Mellon’s Dominic Broom – Head of …

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Daniel Schmand in TXF vows ICC will help banks rekindle contract with society’

Following his recent appointment as Chairman of the ICC’s Banking Commission, Daniel Schmand discusses in TXF the ways in which he plans to spend his time and energy carrying on the ICC’s work as the platform for advocating for industry change. Schmand discusses the reputational damage banks have suffered, and how re-acknowledging their key role in facilitating trade and …

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Fernando Santini of UniCredit discusses the lessons of Enel’s SEPA migration in FX-MM

For those still adjusting their systems to become compliant with the rules of the Single Euro Payments Area (SEPA) – such as those in the Central and Eastern European region – it will be important to learn from the experience of those who have gone before them. Thanks to the large volume of transactions it processes (in excess of 20 …

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Deutsche Bank’s Daniel Schmand discusses the EU’s 4th AML Directive in Financial News

‘Hunting terrorists and crime gangs’ reads the headline for an article that takes an in-depth look at how trade finance units are enlisted to fight money laundering. Daniel Schmand, Head of Trade Finance & Cash Management Corporates EMEA, Deutsche Bank spoke to Financial News about what the new regulation would mean for banks – and for intra-EU trade. To read …

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