Cyprus Financial Regulation Updates: KPMG Provides Insights in Latest Newsletter

Staying Ahead of Regulatory Changes in a Rapidly Evolving Financial Landscape

In today’s fast-paced global financial environment, regulatory updates are a crucial aspect of any financial services firm’s strategic agenda. With constant shifts in domestic and international legal environments, it can be challenging for companies to stay informed about the latest developments.

KPMG Releases Latest Regulatory Insights Newsletter

Leading professional services firm KPMG has released its latest Regulatory Insights newsletter, providing valuable insights into the latest updates on regulatory developments in Cyprus and Europe. The report offers practical advice and expert analysis from industry experts, helping financial institutions navigate the complex regulatory landscape and make informed decisions about their business operations.

Key Updates in Cyprus Financial Regulation Landscape

The financial regulation landscape in Cyprus is undergoing significant changes, with a focus on increasing transparency, improving governance, and enhancing risk management. The CySEC, Cyprus’ financial regulator, has been working closely with European authorities to implement new regulations aimed at strengthening the country’s financial sector.

• Key updates include:
  • Increasing transparency through enhanced reporting requirements
  • Improving governance by implementing stricter rules for senior management and boards of directors
  • Enhancing risk management through more robust risk assessments and mitigation strategies

European Regulatory Updates

The newsletter also highlights key updates from Europe, including:

• Implementation of the EU’s revised Payment Services Directive (PSD2), which aims to increase competition and innovation in the payment services industry
• Latest developments in anti-money laundering (AML) and counter-terrorism financing (CFT) regulations
• Updates on the European Securities and Markets Authority’s (ESMA) guidance on sustainable finance

Access KPMG’s Regulatory Insights Newsletter

KPMG’s Regulatory Insights newsletter is a valuable resource for financial institutions seeking to stay informed about the latest regulatory changes and trends. To access the July 2023 edition, download the newsletter from KPMG’s website or register for a free trial to stay up-to-date with the latest financial regulation updates.