Suade Labs

A glance at this year's Singapore Fintech Festival ?? Suade was proud to be part of the prestigious Singapore Fintech Festival, where our CEO, Diana, took part in a panel discussing the future of fintech and regulatory technology. It was an excellent opportunity to highlight Suade’s role in shaping the regulatory landscape. While in Singapore, Diana strengthened client relationships and collaborated with our local team to align on strategic goals for the year ahead. The event was a valuable reminder of the innovation and collaboration that continue to drive our industry forward. #SFF2024

Suade is honoured to receive the Driving UK Innovation in Spain Award 2024. This recognition highlights our team’s dedication and the strong partnerships we've built with clients in Spain. We’re proud to be making a significant impact in the regulatory technology space and look forward to continuing our work in driving innovation globally. #UKSPawards2024 British Embassy Madrid, Alex Ellis

Sustainable Finance Disclosure Regulation (SFDR): The EBA, ESMA, and EIOPA issued their third annual report on principal adverse impact disclosures, noting improved accessibility and compliance. Recommendations were made for consistent oversight and further SFDR review by the European Commission. The report reviews the quality and accessibility of PAI disclosures, directly impacting compliance with the Sustainable Finance Disclosure Regulation (SFDR) for banks and asset managers by mandating standardised reporting of sustainability risks.

Bank of England Reduces Bank Rate to 4.75% On November 6, 2024, the Bank of England’s Monetary Policy Committee reduced the Bank Rate by 0.25 points to 4.75%, responding to ongoing disinflation. While CPI inflation fell to 1.7% in September, a temporary increase to around 2.5% is expected by year-end. The MPC aims to achieve a 2% inflation target in the medium term and is monitoring wage growth and labour market stability closely, planning a gradual approach to further adjustments. The MPC’s guidance impacts financial institutions’ lending and risk practices, which in turn affects regulatory compliance regarding credit risk and market stability.

Stay ahead with the RegFocus newsletter. In this edition, we cover the most important regulatory updates shaping the financial landscape, including Basel Endgame developments, new reporting requirements, and emerging trends that are driving change across financial institutions worldwide. Don’t miss out on these essential insights to ensure you stay on top of the latest industry changes. Read the full newsletter here.

Join our webinar: Navigating CRR III – a global perspective on Basel III implementation and financial stability. ?? Date: 27 November 2024 ?? Time: 4:00 PM - 4:45 PM CET We’re bringing together top experts for a concise, insightful webinar designed to equip senior banking professionals with the knowledge they need on CRR III’s impact and Basel III alignment. Featured speakers Vincent Baritsch, Head of Regulatory Policy, SMBC David Hulmes, Managing Director, Regulatory Success Samuel Heelan, Head of Regulatory Change Don’t miss out! Register now to stay ahead of CRR III’s transformative changes. https://lnkd.in/empShRBe #CRRIII #BaselIII #FinancialStability #BankingRegulations #Webinar #BankingIndustry #FinancialLeaders

A big shout-out to our Suade team in Singapore! Our Chief Technology Officer is on-site this week, collaborating with some of our regional experts. Our Singapore team are dedicated to supporting our clients and partners across Asia, providing tailored regulatory solutions and expertise to help them navigate evolving compliance demands.

We’re thrilled to kick off our new video series featuring insights from our Chief Product Officer! Find out more about the launch of our ESG reporting solution.

Our CEO, Diana Paredes speaking at this week's Singapore FinTech Festival. Panellists: Kenneth Siow 萧家武, Tobias Gondrom, Valerie Wagoner, Jo Ann Barefoot

ESAs raise concerns over EC’s rejection of technical standards on DORA registers 15 October 2024 The ESAs (EBA, EIOPA, and ESMA) have expressed reservations regarding the EC’s addition of the European Unique Identifier (EUID) as an alternative to the LEI for ICT third-party service providers under DORA. This addition, the ESAs note, could introduce complexity and hinder efficient CTPP designation. They recommend maintaining LEI as the primary identifier if the EC moves forward with the EUID inclusion.