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4138 Results from /regulation

Retired Member

Retired Member 

Innovation About to Overtake Regulation - Fuelled by Regulation

For several years, the narrative in financial technology has essentially argued, “The post-crisis period and its focus on heavy regulation is over. Enter Innovation.” That narrative was born of—and reinforced by—the fintech market heating up with venture capital, the idea that emerging tech could be borrowed from consumer banking and be simply rep...

/regulation Fintech

Sam Goffman

Sam Goffman Business analyst at Forex

You might have missed it: Constantinople hardfork new date and Dash anniversary

Saudi Arabia and the United Arab Emirates are developing cryptocurrency, the volume of Bitcoin transactions has increased by 63% over the past ten months, and other news of the past days. Bitcoin fell by 4% over the weekend, the price of cryptocurrency dropped to $ 3,580. Over the past two days, several events occurred at once, which influenced bot...

/regulation Financial Inclusion

Shirish Netke

Shirish Netke President at Amberoon

The Red Pill Realities of Anti Money Laundering

Money laundered through the banking system is estimated to be over 2 trillion dollars a year. A recent study by BAFT (Bankers Association of Finance and Trade) estimates that 1% of the proceeds from financial crimes are intercepted. Meanwhile, nine out of ten suspicious activities flagged by AML software in banks are false alarms. Let’s put these ...

/ai /regulation Banking Regulations

Retired Member

Retired Member 

Faster On, Cleaner Off: Toward Enterprise Third-Party Risk Management

Today’s global banks and asset managers seek out technology rationalization and cost reduction wherever possible, and increasingly, this includes farming out back-office processes to external providers, which should lead to a slimmer and more manageable stack, with more internal attention paid to value-added activities, better data management, and...

/regulation

Retired Member

Retired Member 

The CDO: the unsung champion of GDPR

The first service of an GDPR notice – to analytics firm AggregateIQ for its controversial use of voter data – reinforced the severity and significance of GDPR for organisations worldwide. Though the May 25, 2018 deadline for compliance may initially have been treated as a one-off, box-ticking exercise, the reality is that GDPR brings heightened, l...

/regulation

Monica Hovsepian

Monica Hovsepian Global Industry Strategist, Financial Services at Opentext

A time of reflection: Five tips for Financial Services in 2019

The New Year is upon us, and with it come new challenges and opportunities for the Financial Services industry. The industry is currently experiencing unprecedented disruption from factors like new market entrants (FinTechs, InsurTechs), evolving regulatory changes, increasing incidents of cyber-crime, mandates to reduce costs and deliver efficien...

/ai /regulation

Retired Member

Retired Member 

Cybercurrencies and the need for regulation

Anyone with a pulse and the money to cover legal fees can issue a cybercurrency. Once the cybercurrency is created, however, brokers are needed to sell and make a market for it. Given cybercurrencies are an unregulated market, then there are few concerns over how much commission is paid to the broker. The bigger the commission, the greater incenti...

/regulation Financial Services Regulation

Breana Patel

Breana Patel CEO | Thought leader in Bank Risk & Regulations at Bonova Advisory | Risk &Regulatory Advisory

Building An Agile Risk Management Function- Chief Risk Officer Soubhagya Parija and Breana Patel

At Bonova Advisory we interview Industry Thought Leaders, C-suite from large firms and Influencers on a variety of topics pertaining to Risk, Regulation, Corporate Governance and Digital Innovations. Last week, I had the pleasure of interviewing Soubhagya Parija Chief Risk Officer of nation’s largest public power authority New York Power Authority ...

/regulation Business Knowledge for IT

Richard Miller

Richard Miller Product Owner at RegDefy (MV37)

KYC, GDPR and DLT pt1: A Rocky Road?

Several years ago Blockchain and Distributed Ledger Technology (DLT) were going to solve all problems: from streamlining payments, to world peace! Since then, most have fallen away as not having the business case to support them, but a few use cases have stood the test of time. Know Your Customer (KYC) is one of these. There are many DLT based KYC...

/regulation Blockchain Observations

Martin Kisby

Martin Kisby Head of Compliance at Equiniti Credit Services

From Profit Police to Strategic Imperative: the Changing Face of Credit Compliance

For any FCA regulated firm, the risk and compliance function is an essential and integral part of the business – but it wasn’t always that way. Martin Kisby, Head of Compliance at Equiniti Credit Services, explores the motivations behind the evolution of compliance functions in consumer credit firms. Risk and compliance departments, once held ...

/regulation /retail Financial Risk Management

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