Even as organisations are increasingly adopting policies to create an inclusive work environment, efforts must go beyond the paperwork to create a true culture of diversity.

Compliance experts open up on the challenges they face while ensuring regulatory adherence to new tech-driven bank solutions such as artificial intelligence (AI), blockchain or cryptoassets.

Elisabeth Roegele, chief executive director, German Federal Financial Supervisory Authority (BaFin), said that a review of existing regulations, such as MiFID II/ MIFIR for instance, is mandatory to keep up with the evolving capital market challenges.

Steven Maijoor, chair of the European Securities and Markets Authority (ESMA), said that post Brexit, their relationship with the United Kingdom – which will fall under its ‘third country’ legislation – would be complex due to existing integrations on various areas.

At the third annual compliance and legal conference by the association for financial markets in Europe (AFME), regulators said that tech-driven solutions are imperative towards early detection and mitigation of financial crime.

Speaking at the AFME's European compliance and legal conference, Spanish and French financial watchdogs covered various topics including artificial intelligence and capital markets union.

Dominic Byrne, lead investment strategist for retirement solutions in Europe at BlackRock, gave a keynote speech at the Alfi Global Distribution Conference on 25 September.