Recent thinking from the firm.
Long-form notes from our partners and practice leads on the regulation, engineering and governance challenges shaping regulated finance.
Operational resilience under the new PRA framework: what changed in 2026.
A field guide to the PRA's revised operational resilience expectations and what they mean for impact tolerances, mapping, and severe-but-plausible scenarios.
Reference architectures for instant settlement at national scale.
How real-time gross settlement systems are being re-architected for 24/7 availability, with notes on idempotency, liquidity, and recovery.
A practical guide to third-party risk reporting for boards.
What a useful third-party risk board pack looks like in 2026: concentration, criticality, exit readiness, and the four numbers every non-executive should ask for.
Calibrating AML models: when rules-based systems fail and machine learning takes over.
A partner-level view on moving from static rule thresholds to adaptive machine learning for transaction monitoring, alert triage, and SAR filing.
MiCA custody: building wallet infrastructure that satisfies both regulators and institutional investors.
The operational and architectural choices that separate compliant digital asset custody from regulatory risk under the EU's Markets in Crypto-Assets framework.
ISO 20022 migration: a field guide for payment institutions with legacy schemas.
Practical patterns for translating legacy payment messages into ISO 20022 without disrupting live settlement flows or counterparties.
Designing transaction monitoring for real-time payment rails.
How to build compliance controls that keep pace with instant payments without creating false-positive fatigue or customer friction.
Embedding delivery teams: why operator-led execution outperforms traditional consulting in financial infrastructure.
An inside look at how experienced operators embedded within client teams drive faster outcomes, better knowledge transfer, and more durable operational change.