Financial Services Regulation

This network is for financial professionals interested in staying up to date on financial services regulation happening anywhere in the world. CFOs, bankers, fund managers, treasurers welcome.

Retired Member 

LIBOR, EURIBOR and TIBOR - Taking Stock Half-A-Decade Later

It is not surprising that the ripples created by financial benchmark manipulations from a half-decade ago are felt even today in the form of convictions, appeals, fines and more importantly tighter regulations and oversight. The steps taken by regulatory bodies across geographies to restore the investor confidence is palpable with the emergence of...

16 June 2016 /regulation

Retired Member 

Bank of England’s Risk-Free Reference Rates - In the Quest of LIBOR Replacement

Recap For the better half of this decade, one could not help but hear and acknowledge the growing phenomenon of Financial Benchmark Reforms - an aftermath of manipulation and false reporting of global interest rate benchmarks. From the Wheatley Review in 2008 to the latest European Benchmark Regulation, regulators, administrators and market partici...

09 June 2016 /regulation

Stuart Lacey Founder at Trunomi

Two years to comply: how to meet incoming EU Data Protection Regulation

There are now less than two years until the General Data Protection Regulation (GDPR) comes into force. It will fundamentally change the way that companies capture, manage and store information. Three significant reforms within the legislation will force institutions to overhaul their existing systems and processes: Informed consent Data portab...

07 June 2016 /regulation

Retired Member 

Targeting Market Abuse in Electronic Communications

Supervision of electronic communications is a key component of demonstrating compliance, alongside highlighting market abuse, bad decisions or just a general lack of understanding. But it’s also become a bug bear for many firms who are drowning in reviews, potentially missing the one rogue trade that could have wide-reaching consequences. There ar...

06 June 2016 /regulation

Retired Member 

What’s So Special about Regulatory Compliance Projects ?

Regulations are an ever growing feature of modern day banking arena. The phenomenon of regulatory compliance, though is not new, has renewed implications for these financial institutions by fundamentally altering the way business is conducted. Yet, the new wave regulatory reforms are far from completion. It is evident that one of the critical succ...

06 June 2016 /regulation

Retired Member 

Robust and Defensible

OVERVIEW In this post, we will consider how Artificial Intelligence (AI), specifically Natural Language Generation, can ensure robust and defensible decision making processes that suffice regulatory scrutiny. IT'S NOT THE DECISION. IT'S THE PROCESS “Robust and Defensible” was a common theme at a recent JP Morgan conference that examined the challe...

17 May 2016 /regulation

Retired Member 

Artificial Intelligence Applied to Client Suitability

OVERVIEW In an earlier post, "What Type of Artificial Intelligence Do You Need?", two paradigms of artificial intelligence are described; deterministic and statistical. Deterministic is similar to speaking with an expert. In this blog post, we will consider how Deterministic Artificial Intelligence can be applied to Client Suitability...

16 May 2016 /regulation

Retired Member 

Basel III Capital Requirements Affect You

The investor is beginning to feel the impacts of increased capital requirements under the Basel leverage ratio according to FIA President and CEO Walt Lukken in his testimony to the members of the U.S. House of Representatives. The capital requirements simply mean that the futures commission merchants (FCM), banks, and broker dealers (BD) must mai...

16 May 2016 /regulation

Retired Member 

CCOs at Brokers Require Probing Data Science

My first direct contact with compliance was confrontational. The team had just developed our first internet trading screens and we were excited to deploy them at some beta futures brokers. It was going to be the first time a retail person could actually trade the CME markets. A compliance person demanded that we identify the actual computer that a...

06 May 2016 /regulation

Retired Member 

Lights, Camera, Compliance?

Love it or hate it video calling is slowly encroaching into our daily lives. With Lloyds announcing last month that it was offering a video service to mortgage customers and other banks quick to claim they are following suit, it’s quite feasible that in a couple of years we’ll all have to be looking our best, even when working from home. The chall...

04 May 2016 /regulation