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 

Financial Markets Stability and the Future of Block Chain

The European Union stress test of clearing houses for derivatives will be published on April 29 according to Reuters. Our clearing houses serve the role of being a buyer to every seller and a seller to every buyer. This way if either the buyer or seller fail to meet their commitment then there is a financial guarantee that the transaction will be ...

18 April 2016

Sujay Puttanna Business Analyst / SME (Retail Banking) at Mindtree Ltd.

Digital KYC: A Key to Transform

Traditionally Financial Institutions have been collecting application forms along with the physical supporting documents like Proof of Identity, Proof of Address, Proof of Birth, Certificate of Incorporation, Memorandum of Association, etc., from their customers in order to fulfil the KYC (Know Your Customers) Norms. KYC cannot be considered as a ...

12 April 2016 /regulation /retail

Retired Member 

Trade Spoofing: Crossing International Jurisdictions

On March 4, 2016 Japan’s Securities and Exchange Surveillance Commission filed a recommendation against Blue Sky Capital Management for market manipulation. The complaint describes a classic case of #Spoofing. Reading the text of the complaint you will find out the following interesting facts: The trading happened in Japan. The complaint is aga...

09 March 2016 /regulation

Hugo Cuevas-Mohr CEO at Mohr World Consulting - IMTC Conferences

FATF-GAFI GUIDANCE - A Risk-Based Approach for Money or Value Transfer Services

The timing could not have been better. FATF just published – February 2016, a report that all Compliance Officers of this industry must read, entitled Guidance for a Risk-Based Approach for Money or Value Transfer Services (Summary – Full Report (69 pages). I want to highlight three statements in the presentation of the report: The risk-based app...

03 March 2016 /payments /regulation

Hugo Cuevas-Mohr CEO at Mohr World Consulting - IMTC Conferences

The US Government Accountability Office -GAO Reports on INTERNATIONAL REMITTANCES

I think it is very important that every person in the International Money Transfer & Payments (IMT&Ps) industry reads the GAO Report published on February 16th, 2016, entitled INTERNATIONAL REMITTANCES: Actions Needed to Address Unreliable Official U.S. Estimate – Highlights Page (1 page), Full Report (62 pages). A second report published t...

02 March 2016 /payments /regulation

Retired Member 

Who Needs Regulators when you have Fair Market Champions?

Erik Hunsader, the founder of Nanex, has been a frequent watcher of the markets. His twitter feed often has screenshots of suspected spoofing and market manipulation. Reuters declares him as “an outspoken critic of high-frequency traders.” Yet if you follow him on twitter you will see that he isn’t really outspoken. Rather he seems to be more of ...

02 March 2016 /regulation

Retired Member 

Industry Help Needed: Data Scientists

In looking at compliance officers (from the buy side, sell side, exchanges, and regulators) I saw only one person with a background in data science, machine learning, decision science, statistics or other data analysis discipline. Granted, my search was wholly unscientific. My college professors in Decision Science at Indiana University wou

22 February 2016 /regulation

Retired Member 

Global Regulators Looking Past the CCO

1) Canadian Regulator: you “ought to have known” your traders where spoofing. 2) NY: Broker Dealer removes 2 from their supervisory role. 3) CFTC: Adds new Regulation Algorithmic Trading with new role of “AT Person” 4) FCA: Adds new new watch on senior managers 5) FINRA: Supervisor barred from supervising after case of market manipulation Globa...

19 February 2016 /regulation

Retired Member 

Exchanges Seek Greater Autonomy

Exchanges are seeking greater profitability, and greater autonomy. No one begrudges them a profit. In the latest news on Bloomberg (Exchanges Object to Brokers Gaining More Stock-Market Oversight) this is demonstrated in the exchanges stating that "Only exchanges should be voting members on committees that govern..." Safety of our Mark...

16 February 2016 /regulation

Abhishek Chatterjee Managing Partner at Gartner Inc.

Digital Value Chain - Avoiding Law of Diminishing Returns

Modern society is consuming digital services like never before and if this trend continues we will be digitally overwhelmed & fatigued society very soon. There is an insatiable desire to digitize every experience, product, service and business. In such society it is common to have at least 5-6 smart devices in a family - smart phone, smart wri...

21 June 2015 /startups