4364 Results from /regulation
Mete Feridun Chair at EMU Centre for Financial Regulation and Risk
The new EU prudential regime for investment firms is expected to be published in the EU Official Journal towards October 2019 and to take effect around mid-2021. The regime introduces a tailored prudential framework for investment firms in the EU, setting new rules and requirements with respect to capital, liquidity and regulatory reporting, as we...
08 July 2019 /regulation MiFID
Joris Lochy Product Manager at Intix | Co-founder at Capilever
Cyber-attacks are all over the news! From ransomware to phishing, farmware, malware and cryptojacking up to DoS attacks. It seems as if the internet has been transformed to the Wild West. Combine this with our ever stronger dependency on the internet for our day-to-day life and it’s clear that cyber-security should be on the top of the agenda of ev...
05 July 2019 /security /regulation Trends in Financial Services
The regulatory reporting regime for banks and investment firms in the UK is unduly complex. Regulated firms are required to follow guidance from numerous regulatory sources and have to grapple with concurrent regulations requiring submission of data at an increasingly more granular level. This not only increases the risk of misreporting and superv...
02 July 2019 /regulation Banking Regulations
Anne Plested Regulation at ION Markets
Over the weekend, the stock market equivalence granted to Switzerland by the European Commission expired. The limited-period equivalence, which was given in December 2017 and extended to 30 June 2019, has run out. Despite Swiss beliefs that all the conditions are still met for recognition by the EU, there was no letup in the EU’s resolve to see thi...
02 July 2019 /regulation
Retired Member
There are lots of reasons and almost all of them are driven by human behaviours. The tech part, whilst it will have it’s own challenges is not that difficult, but unless there is wholesale agreement to change intransigent mind-sets and long ingrained working practices, most transformation programmes are destined to fail. In my opinion there are tw...
01 July 2019 /regulation
Richard Warren Partner at FirstPartner
On Friday 21st June the EBA published a new Opinion Paper on the elements of strong customer authentication (SCA) under PSD2 which has been subsequently been backed up a by confirmatory statement from the European Commission. This opinion has significant practical implications for issuers, acquirers, card schemes and local regulators currently wo...
28 June 2019 /payments /regulation Financial Services Regulation
Payment Services Directive 2 – better known as PSD2 – has been a hot topic since it came into effect in January 2018, with the EU and many banks vigorously pursuing its development. Businesses have until September 2019 to ensure they are compliant. To that end, it’s time that we take a deep dive into PSD2. What is it, what has changed, and where ...
28 June 2019 /regulation Banking Regulations
Keith Stonell Managing Director, EMEA at Guidewire
Back in April, the CEOs of UK insurers, brokers, and other providers, received a letter from the Financial Conduct Authority (FCA) telling them to sort out poor customer service or else. This is all part of how the FCA, now with new tougher powers, is able to call insurers to account through the new Insurance Distribution Directive and Senior Mana...
25 June 2019 /regulation Financial Services Regulation
Complying with regulations is becoming a more complex and cross-functional effort. Due to the growing importance of cyber security and the increased regulatory requirements, financial firms are employing emerging technologies like Robotic Process Automation (RPA), Cognitive Analytics, Machine Learning, and Artificial Intelligence to stay ahead of
25 June 2019 /regulation Capital Markets Technology
If 2018 was the year of GDPR, 2019 is the year of European Payment Services Directive (PSD2) – particularly for those working in the payments, banking or retail sectors. Last year, PSD2 banned surcharges for processing card transactions, forcing many companies to absorb the additional cost for these transactions. Whilst many took the financial hit...
24 June 2019 /payments /regulation Fintech
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