The Future of Compliance: Emerging RegTech Trends for 2024 - Proxymity

As we approach the end of 2024, Regulatory Technology, or RegTech, has solidified its crucial position in the financial services industry. In an era of constant regulatory change, heightened scrutiny, and the digital transformation of financial institutions, RegTech solutions have become indispensable tools. The market is constantly growing, with the global sales of RegTech estimated to have hit a market value of nearly $13 billion in 2023 and anticipated to reach a value of almost $82 billio...

The Role of Proxy Advisors in Shareholder Voting and Corporate Governance - Proxymity

In the world of corporate governance, the influence of proxy advisors has increased significantly. As institutional investors increasingly depend on these specialised firms to guide their voting decisions at shareholder meetings, the role of proxy advisors has expanded, making them pivotal players in shaping corporate policies and governance outcomes.  Proxy advisors offer recommendations on critical issues such as board elections, executive compensation, mergers, and emerging environmental,...

Are You Ready for the AGM Season? - Proxymity

Proxymity held two webinars in February 2022 for Issuers about the upcoming AGM season, Kirsty Anne Jasper joined the call and listened to the panel discussions. ​Time has worked in unusual ways over the past two years, with many things appearing to have stagnated, whilst simultaneously vast alterations to the world we live in have occurred. Nonetheless, some things never change, and so AGM season has inevitably rolled around again! This year changes have occurred to the status quo. As suc...

Local presence key as SCF enters complex countries

SCF can provide essential finance for supporting the growth of companies in “complex countries”, argue panellists at SCF Forum Europe. Chantal Joosse, business development director, strategic partnerships – Stenn International, Steven van der Hooft, CEO – Capital Chains, Avarina Miller, director, working capital solutions – Demica and Alejandra Alcalde, head of SCF global sales, BBVA all agreed that while entering developing markets or complex countries can be challenging, there are some exciti

Retailers promote use of SCF to help suppliers grow

Ronald Molenaar, manager business controlling at Dutch supermarket chain Jumbo and Vilhelm Otterheim, senior sourcing manager with Swedish retailer ICA Gruppen told SCF Europe forum delegates how they used supply chain finance to ensure that their key suppliers can afford to stay with them as they develop. Both acknowledged the vital importance of supply chains growing with their companies. Jumbo’s passion for modernising and evolving was conveyed by Molenaar, who used Jumbo’s history of fast g

Moody's raises questions about SCF disclosure

Greater clarity from regulators and increased disclosure by companies is needed in order to prevent misuse of SCF by firms such as UK construction firm Carillion, insists the associate managing director at Moody’s, William Coley, speaking at the SCF Forum Europe. The treatment of reverse factoring on balance sheets has been contentious and there have been fears that the product could be abused by unscrupulous firms. Coley says that this is an issue of mismanagement, rather than a problem with t

BBVA and Red Eléctrica sign blockchain syndicated loan

Today the Spanish bank BBVA and the owner of the Spanish electricity grid, Red Electrica announced that they have partnered to deliver a syndicated loan arrangement using blockchain. The arrangement was concluded on BBVA’s proprietary distributed ledger platform. The deal is worth €150 million, and BBVA granted the loan alongside Japan’s largest bank, MUFG, and the French international banking group BNP Paribas. The transaction follows multiple pilots in the industry designed to test the potent

Deloitte and Attest team up for government blockchain identity

Government clients will have access to digital identity solutions through a new collaboration between the world’s largest professional services network, Deloitte and the identity management company, Attest. The new partnership launched yesterday in Washington will help unlock the full potential of blockchain and distributed ledger technology (DLT) for government. It will provide administrations with the resources needed to solve a host of government-specific issues.

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