4138 Results from /regulation
Freddie McMahon Director Strategy and Innovation at DF2020 Ltd
We are all being inundated with requests for consent to continue using services as the GDPR deadline rapidly comes closer and closer. Many of us are not finding the consent experience very good. The question from these experiences we need to ask ourselves are we any the wiser of understanding the context of how our personal data is processed. The...
27 April 2018 /ai /regulation Data Protection Act Issues
Retired Member
Why Zuckerberg’s Congress appearance sounds a stark warning to financial services companies. When Mark Zuckerberg was called in for two days of questioning by Congress earlier this month, the world waited to hear what questions these powerful lawmakers, many former lawyers, had to ask. With the CEO founder of Facebook in the hot seat, would they a...
24 April 2018 /regulation Fintech
The first principle of data protection requires that all personal data be processed lawfully, fairly and transparently. A legal (or lawful) basis for processing must be satisfied before an organization can process any personal data. GDPR outlines six scenarios in which data processing is legally permitted. Unless the organization can show that the ...
24 April 2018 /regulation Banking Regulations
Breana Patel CEO | Thought leader in Bank Risk & Regulations at Bonova Advisory | Risk &Regulatory Advisory
Enterprise Risk Management. Arguably the largest evolutionary change in risk management for financial institutions has been the elevation of the risk management function to a key role in firm management. Risk is truly an overriding firmwide concern in modern financial institutions and a centralized oversight group is needed to provide governance
19 April 2018 /regulation Operational Risk Management
1. Beneficial Ownership Threshold FinCEN has reiterated that the specified threshold (25%) is a floor, not a ceiling. It has left to the discretion of covered financial institutions (FIs) to implement stricter thresholds if they so choose. In addressing a requirement to impose stricter thresholds for certain customers, FinCEN directs that any incr...
19 April 2018 /regulation /wholesale Financial Services Regulation
Starting October 1, 2018, CME Regulatory Advisory RA1720-5 comes into effect. The advisory details the limited use of suspense accounts, which are temporary holding accounts submitted at the time of order entry into Globex, but prior to the allocation of the executions to specific accounts on a carrying clearing member’s books. Only a de minimis ...
18 April 2018 /regulation
Ivy Schmerken Editorial Director at FlexTrade Systems
With the rollout of such a massive regulation as MiFID II, there are bound to be some hiccups, but so far firms are mainly wrestling with trade reporting and data quality issues. That sentiment was expressed on a webinar hosted by A-Team Group, MiFID II Trading Technology Requirements: What Worked and What Hasn’t?, in which panelists aired their...
16 April 2018 /regulation MiFID
Henri Wajsblat Financial Services Expert at Anaplan
Increasing regulation is just one thing we’ve inherited from the 2008 financial crisis. While it may seem like a growing paranoia within the industry, making sure the economy is better prepared for upcoming financial challenges is a vital step towards post-crisis reform. From 1 January 2019, the largest UK banks must separate core retail banking f...
16 April 2018 /regulation Financial Services Regulation
Robin Mess Co-Founder and CEO at big xyt
MiFID II offers a fresh start for business relationships in capital markets. By reframing the way in which dealers and trading venues seek to manage and match client trades it is implicitly changing where buy-side firms choose to route and execute their orders. A new framework The new directive, and its sister regulation MiFIR, have established a ...
10 April 2018 /regulation Capital Markets Technology
When most banking professionals think of compliance they think of roadblocks to doing what they want to do. They think of check the box activities that they do simply to prevent regulators and internal audit from slapping their hand. They think about it in a very “me” way. What they often forget about are the true reasons compliance exists and the...
09 April 2018 /regulation Financial Services Regulation
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