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It is becoming harder and harder to make ‘basic retail banking’ pay. Restrictions on the cross-sale of premium products have closed routes to incremental sales. Meanwhile, moves by the European Parl...
Factors driving down the price of oil causing deep divisions among OPEC nations! To many, it is known as black gold - the thick sludge that gushes out of wells across the Middle East, where a huge por...
On the way in this morning, I was listening to my favourite AC/DC album and thinking about the challenges of block trading. The problem is well known - a combination of multi-market trading, algos and...
The Prudential Regulatory Authority (PRA) has published a consultation paper on further measures for the implementation of Solvency II. With only a few months left before the official application of t...
Cloud and cost control. It fits like a glove, doesn't it? I read with interest in the Ovum report, "The Critical Role for Cloud in the Transformation of Retail Banks", that there has been a...
It was with great interest that I read the article last week about the plans to launch a new bank called Starling when Anne Boden, former AIB COO, announced her plans for the new digital bank. Along ...
US securities industry regulator FINRA recently implemented new time-stamping rules, a topic also on ESMA’s MiFID II task list. FINRA requires US firms to express time in milliseconds when reporting ...
The need for establishing a real-time payment infrastructure is firmly on the agenda in North America right now. The US Federal Reserve announced back in September that it was preparing to publish a r...
If you work in a big bank, broker, exchange or software vendor, you will recognize the relentless tsunami of email, phone calls, customer visits, conferences, project meetings, town halls and other &q...
Banks and merchants are under threat to lose millions of dollars in investment in their apps by allowing them to become obsolete because they don’t provide the most desired functionality of all: Payme...
Ross McEwan, the chief executive of Royal Bank of Scotland, says he is “angry” with a “small group of people” following the bank’s shaming in the recent foreign exchange trading scandal. You can under...
We may be on the brink of a new era in compliance – or at least in enforcement. This week the Bank of England Governor Mark Carney earned headlines around the world when he suggested that individuals...