Suhail Ahmad, MBA

Tech Investor and Advisor.

RBS

HM Land Registry goes Digital, explores Blockchain

By SuhailPosted on Posted in BlockchainTagged , ,

Millions of people across England and Wales can now sign their mortgage deeds online, as high street lenders sign up to use the service.

As well as making it easier to remortgage, HM Land Registry is also looking to the future through its Digital Street research project and has successfully used a blockchain prototype to show how buying a home can be made simpler and quicker.

Lord Henley, Parliamentary Under Secretary of State at the Department for Business, Energy and Industrial Strategy, said:

People are doing an ever-increasing amount online, from shopping to banking, e-learning to gaming. Now they can remortgage their home online as it’s quicker, more convenient, and fits their busy lives.

HM Land Registry’s digital transformation is continuing to make it easier for homebuyers by embracing new technologies like blockchain, enabling them to become the world’s leading land registry.

Digital mortgage

One year on from the signing of the UK’s first digital mortgage deed, HM Land Registry’s digital service ‘Sign your mortgage deed’ is now being offered by major high street lenders.

The digital service enables people to sign their mortgage whenever and wherever they are, including on their phone or computer. It removes the need for ‘wet’ (pen-on-paper) signatures, and witnesses no longer need to be present when the documents are signed. Homeowners no longer face delays from having to print out forms, find an independent third party to witness their signature, and pay to return the forms by post.

Nationwide, HSBC, RBS and NatWest and Atom Bank were among the first mortgage lenders to sign up, allowing their customers to use the new service. More people are applying for their mortgages using paperless processes and HM Land Registry’s free service brings the sector one step closer to an end-to-end paperless process.

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RBS: Expanding your business in the digital economy

By SuhailPosted on Posted in Events & InterviewsTagged , ,

As business leaders we hold multiple responsibilities, primarily to clients, suppliers, staff and partners. However this can lead to us losing focus on our key purpose which is the creation of value in our businesses. We strive to meet customer expectations, continually manage supplier needs and of course focus on how to hire, motivate and lead our staff. But where in this mix do we have the time to truly build the business?

Allan Campbell, Business Growth Enabler for The Royal Bank of Scotland, Business Banking is proud to provide you with the opportunity to learn from the experts and learn from real life examples of success. In three short presentations you will hear how this conundrum can be resolved, what techniques you can use immediately to help and how the value generated can be realized in terms of wealth creation. The subject will be discussed by three speakers each with their own unique take.

RBS approach

RBS has published a significant proportion of the disclosures recommended by the EBA Pillar 3 guidelines in its 2016 Pillar 3 report and 2016 Annual Report and Accounts (2016 ARA). Disclosure requirements relating to capital, leverage and securitisation were not addressed in the 2016 EBA Guidelines and are unchanged from the prior year. The more significant changes compared with the 2015 Pillar 3 report are set out below:

1: RBS has implemented the sequencing and nomenclature of templates in line with the EBA Pillar 3 Guidelines with additional tables covering CRR requirements and other key disclosures, principally credit risk.

2: A significant number of CRR Common Reporting (COREP) templates are included at varying degrees of aggregation compared with COREP.

3: The exposure measure in the 2016 Pillar 3 Report is aligned with COREP for some of the templates, for example gross exposure in addition to exposure at default (EAD).

4: Gross exposures are analysed into defaulted and nondefaulted. Templates EU CR 1_A, EU CR 1_B, EU CR 1_C are based on COREP. Analysis of impairment provisions, impairment charges and write-offs and forbearance (templates EU CR 1_A, EU CR 1_B, EU CR 1_C; EU CR 2_A and EU CR2_B) are addressed in the 2016 ARA based on accounting values.

5: Template EU CRB_D maps CRR regulatory exposure classes to the industry sectors used by RBS Credit Risk for internal risk management.

6: Additional analysis of netting, collateral and credit conversion factors is provided.