Our Insights

A glimpse into the future of financial services.

The challenges of the financial industry after covid

By now, all economists agree on the economic turbulence that is heading our way, already today but even more once the covid19 pandemic is over. Credit insurer Euler Hermes expects at least 23,000 bankruptcies in Belgium until the end of next year. That is almost an increase of 10% compared to the pre-crisis situation. As […]

17/12/2020

Benefits of Open Banking

Benefits of open banking have taken on a new significance since the COVID-19 crisis. Operational resilience will not be enough for banks to thrive in a world with changing and ever increasing customer needs and customer demands. Fostering partnerships with FinTechs and embracing the potential of open banking can deliver creation of new services and […]

17/12/2020

EU banking watchdog calls for single set of anti-money laundering rules

A directly binding single EU regulation would stop national practices that have had a significant adverse impact on preventing the financial system from being used for ML/TF purposes, the EBA said in a statement. https://mobile-reuters-com.cdn.ampproject.org/c/s/mobile.reuters.com/article/amp/idUSL8N2G73JK

17/12/2020

EU response to COVID crisis

2-minute read interview with the Executive Vice President of the European Commission on the EU response to the Coronavirus crisis. One of the quotes: “Capital markets and the Capital Markets Union will be fundamental for the economic recovery. More than ever, companies need to be able to access a broad choice of alternative sources of […]

17/12/2020

MiFID “quick fix”

Very interesting to note that while the public consultation on the review of the MiFID II/MiFIR regulatory framework has just ended, the European Commission is considering some MiFID “quick fix” which could be voted before the full review of MiFID II is finalized. The objective of this MiFID “quick fix”, in response to COVID-19, is […]

17/12/2020

Delay in the implementation date of the Shareholder Rights Directive (SRDII)

The European Commission refused to delay the implementation date of the Shareholder Rights Directive (SRDII), as asked by several industry bodies. Therefore, issuers, CSDS and all other financial intermediaries will need to be ready and compliant by September 3 2020. It means that a lot of players will need to accelerate their efforts in the […]