4138 Results from /regulation
Retired Member
The EU’s e-Privacy regulation, which is expected in 2019, is set to be the next major piece of legislation designed to protect the privacy and security of personal information. A step on from GDPR, e-Privacy protects meta data (as well as voice and email data) and will oversee and regulate privacy in ‘Over the Top’ eComms channels (i.e. social me...
02 December 2018 /regulation Operational Risk Management
A colleague of mine in the UK recently wanted to open a business account. She needed to get funds in quickly so she wanted a fast process and was happy to comply with whatever checks were required to do so. Contacting her current high street bank seemed an obvious first step. Surely this would make the process simpler, and more importantly, faster...
27 November 2018 /regulation Banking Strategy, Digital and Transformation
Neil Crammond risk education & real time market abuse at DIVENTO FINANCIALS
One of the very few benefits of open outcry trading was the fact that traders could see everyone trading and the chances of rogue trading was easier to spot compared to today. Through a virtual pit traders can see all bids and offers and completed deals as all traders have to be identified , therefore visible to the market place ? This simple
23 November 2018 /regulation Operational Risk Management
For those recently travelling to Australia for Swift’s annual Sibos conference, currency exchange rates were an inevitable topic of conversation. The rates varied enormously, leading one of the major Australian banks to suggest that FX exchange rates should be regulated. A bank asking for regulation is unusual, but maybe they have a point. FX trad...
20 November 2018 /payments /regulation Fintech
Shaun Thomas Product Manager at Namescan
In 2016, Taipei-based Mega International Commercial Bank Co was fined a record $180 Million USD by authorities in New York, for having a “Hollow Shell” in their compliance program. As a result of this record-breaking fine, shockwaves were sent throughout Taiwan to official circles, at the same time legislators were considering new regulations t
19 November 2018 /regulation Fintech
Last Friday, ESMA finally published its long anticipated call for evidence on periodic auctions. Periodic auctions became popular in 2017 and even more so through 2018 and so they are often linked to the introduction of MiFID II. While some opponents lambasted them as a cynical attempt to avoid the double volume cap, supporters have pointed out th...
14 November 2018 /regulation MiFID
Many trading firms are looking towards multi-entity setups to prepare for Brexit. The larger firms tend to have subsidiaries or branches in place, so they already have a flexible hedge against any Brexit scenario. Unfortunately, this can be an expensive contingency plan. What if a firm can’t justify the additional costs either due to limited expos...
08 November 2018 /regulation
Henri Wajsblat Financial Services Expert at Anaplan
Henri Wajsblat, Anaplan’s Head of Financial Services Solutions, interviewed Chappuis Halder Director Vincent Wiencek about implementation challenges of banking stress tests, and what banks should expect from technology. Q: Among all banking regulations, stress tests seem to be a major concern. Why are stress tests a real challenge for the banks?...
08 November 2018 /regulation Financial Services Regulation
Since the beginning of the financial crisis in 2008, financial institutions have had to deal with a series of regulations to increase transparency. The objective? Creating a safer, more robust and more transparent financial system. Level of Fines at a Distant Second to the USA Europe accounts for 7% of global AML fines levied in the last 10 years, ...
07 November 2018 /regulation /wholesale Banking Regulations
With the creation of blockchain technology, many traditional systems have become outdated and are due for an upgrade. Blockchain has demonstrated its capabilities with the conception of virtual currencies such as Bitcoin and Ethereum, which have completely revolutionised the global currency system. By linking blockchain-based applications, Dapps (...
06 November 2018 /regulation Blockchain Observations
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