4138 Results from /regulation
Retired Member
The new normal in this digital age is the increasing frequency of IT risks and threats, and the relentless, ever-changing IT regulatory landscape. Incidents often begin small but they can upsurge into crises with widespread business and reputational implications. Chief Information Security Officers (CISOs), Chief Information Officers (CIOs) and bu...
25 September 2018 /regulation Information Security
Within the last ten years, the global financial market has seen a huge increase in the number of regulations to attempt to introduce more transparency and accountability to financial institutions. This skyrocketing number of regulations leads to more exorbitant compliance budgets, more fines and more scrutiny. In research published by Fenergo this...
24 September 2018 /regulation /inclusion Banking Regulations
Jeremy Thomson-Cook Chief Economist & Head of Currency Strategy at WorldFirst
I have spent a lot of time at FinTech conferences over the last few years contemplating the impact of PayTech, RegTech, LendTech – and everything in between – on the future of the financial services industry. While these conferences are often long on vision, they can sometimes be rather short on reality and it is usually at this point of confluence...
19 September 2018 /regulation Disruption in Retail Banking
This month British Airways bosses are apologising to their customers for a ‘sophisticated, malicious, criminal attack’ on its website, app and ‘security systems’ which has left 380,000 customer records compromised. They’ve done all the ‘right’ things in response to the incident – they’ve apologised, they’re contacting customers and promising compe...
19 September 2018 /regulation Data Protection Act Issues
Michael Kerman Marketing Executive at Self-Employed
Everyone’s talking about artificial intelligence and machine learning (AI and ML). But what’s often overlooked is the degree to which they depend on good data in order to be effective. It’s a symbiosis that is particularly relevant to compliance, where AI and ML have huge potential to reduce costs and risk. We recently published a whitepaper aim...
18 September 2018 /ai /regulation Banking Strategy, Digital and Transformation
Ivy Schmerken Editorial Director at FlexTrade Systems
Despite the view that MiFID II is a European regulation, US investment managers are experiencing disruption as they align their research payment and execution practices with the influential standard. While MiFID II went into force on Jan. 3, 2018, US money managers of all types and sizes anticipate that MiFID II will influence their businesses, not...
17 September 2018 /regulation MiFID
Marc Murphy CEO at Fenergo
In an increasingly fast-paced and digital world full of hype and buzzwords, it seems like the focus can often be on implementing new and innovative technologies without considering the main purpose of digitalization: to create a better customer experience that increases both wallet and market share. Customer experience is no longer just an added b...
17 September 2018 /regulation /sibos Banking Strategy, Digital and Transformation
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
SEPA, PSD2, GDPR etc where only the start. We need more EU and national regulation in the data economy. PSD2 means that there will be standardized access to money data for the application you empower. It was is a huge step towards open data in all sectors. The same should be the case for accounting data - any application producing PL and BS statem...
15 September 2018 /regulation Banking Strategy, Digital and Transformation
The public sector is increasingly outsourcing service production - and thus giving more space for the sector's management to do much more important work - policymaking, driving change, creating rulebooks and so forth. This is for sure a much-needed shift in attention and should be welcomed also by business - especially as we all experience the same...
13 September 2018 /regulation Innovation in Financial Services
John Byrne CEO at Corlytics
Our economic crime data reveals that in the last three and a half years*, 90 percent of global fines (total $14 billion) were issued by United States (US) regulators. Of note is the fact that UK, French, German and Swiss banks, with branches stateside, paid nearly 40 percent of the total fines relating to economic crime in the US. Some have viewed...
13 September 2018 /regulation Banking Regulations
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