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Post by account_disabled on Jul 22, 2023 9:36:14 GMT 1
The arrival of new players to the market has exponentially increased the volume of information and data handled. In order to regulate and provide improvement to the activities of banks, fintechs and other financial institutions, regulatory bodies such as the Central Bank of Brazil (Bacen) , the Administrative Council for Economic Defense (Cade) and the Securities and Exchange Commission (CVM) carry out periodic updates in the rules of the sector. Importance of regulatory standards Regulatory adjustments are essential to optimize the relationship between company and consumer, contributing to the evolution of the financial ecosystem. Some USA Phone Number List of them cover permissions for the development of products and services, while others make changes to existing standards. Thus, it is essential that companies monitor and keep up to date with the requirements of regulatory bodies. Thus, they can preserve the work done with consumers, follow the internal guidelines of the compliance area and avoid penalties. Penalties applied by regulatory bodies If your company does not comply with the rules of the regulatory bodies, there are several consequences that can be applied. It can range from a warning, a fine or even a more severe penalty for the institution. Like, for example, closing the company.
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