European anti-money-laundering reform An in-depth conversation with Stephen Rae Europe has just centralized its fight against financial crime with the launch of the Anti-Money Laundering Authority (AMLA), giving Brussels direct oversight of major banks and crypto-asset providers. At the same time, the U.S. is easing some reporting requirements even as crypto-based laundering grows, raising

Testing times for AI highlight commercial and ethical conflicts Reports that safety testing processes on AI models have been cut have led to concerns being expressed around ethics and governance and prompted calls for stricter regulation in this uniquely challenging area. Commercial considerations have increased pressure for faster rollout of new versions of

‘Tape bombs’ prompt market gyrations The first 100 days or so of Donald Trump’s administration have been characterized by market volatility. A major factor has been the publication of highly consequential, policy-related postings on social media platforms such as X and the President's own Truth Social channel. These so-called “tape bombs” (trader slang

What are DORA’s five pillars? Digital Operational Resilience Act The Digital Operational Resilience Act (DORA) aims to strengthen ICT risk management in the EU financial sector to help ensure that financial entities can continue operating if they face severe operational disruptions or cyberattacks. DORA focuses on five key areas: ICT risk management

Decarbonization: What role do banks play? Banks play a central role in the global economy, channeling trillions of dollars in capital to businesses and industries. Historically, this has included substantial financing for carbon-intensive sectors like energy, mining, and heavy industry, which are key drivers of greenhouse gas emissions. Today, banks face the dual

Clean vs. renewable energy: What’s the difference? While there is significant overlap between “clean” and “renewable” energy, they are not exactly the same. Clean energy does not release any greenhouse gases or pollutants into the atmosphere. Renewable energy, meanwhile, is defined as energy that comes from resources that are constantly replenished and never

Three-statement modelling explained in three minutes This content is taken directly from Intuition Know-How, the world's premier digital learning solution for finance professionals. The three-statement model is a cornerstone of investment banking and forms the basis for much of the research carried out by analysts right across the financial sector.

Tariffs return: What history tells us The election of President Trump and his use of trade tariffs as a central economic policy tool has reignited debate over their broader economic implications. The White House contends that these "reciprocal" measures are fully justified on the basis of the trading practices of major trading partners