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You’ve probably heard the phrase “a fox watching the henhouse.” Today, that applies to people on the inside of organizations who work in trusted positions, and who use those positions to steal client ...
I hear that some dealers are suggesting that they will not become members of CCPs which are not deemed to be robust. This brings some interesting questions to the table. A good start is that dealers h...
Gold is heading north again this morning. As the dollar weakens and there is a flight to safe-haven “hard” assets, gold has broken through the USD 1,700/oz barrier and continues to rise. Last week p...
It has been said, “Those who fail to learn from history are doomed to repeat it,” and as recent events have demonstrated, many European banks held too little loss-absorbing capital to allow for the ri...
The US is enamored with outdated and costly modality that is costing Billions in lost revenue and fraud. While many argue the business case for moving to technology like EMV or NFC is hard to justify,...
In a story that could have come right out of a movie, a widely respected police officer turned out to be a Mexican national who stole an American identity and moved to Alaska to become a cop. I’ll bet...
Finextra has written before about social media guidlines issued by US regulatory body, Finra - and all its scary Tweet-retention rules. Allen Schoenberg of the CME (@allanschoenberg) re-Tweeted an in...
1. Realize that you can become a victim at any time. Not a day goes by when we don’t hear about a new hack. With 55,000 new pieces of malware a day, security never sleeps. 2. Think before you post. St...
Was it just a coincidence or some kind of a 'karmic connection'? A giant 200 feet sinkhole appeared in Guatemala City last month. A few days later the Regulation II of the Dodd-Frank Amendment, slashi...
How will global regulatory changes impact UK financial institutions? This was the very question we asked at a recent Logica event on global regulatory reporting, held at the British Bankers’ Associati...
After much discussion and soul-searching – the largest banks in the EU have finally published their stress test results to the European Banking Authority which, in turn, published them to the wider ma...
I was recently browsing, when I came upon an interesting article. It was discussing the Monty Hall problem. For those of you who don’t know, this problem is based on a US quiz show and has caused ...