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4138 Results from /regulation

Freddie McMahon

Freddie McMahon Director Strategy and Innovation at DF2020 Ltd

Chatbots provide hope for easy to understand consent, post GDPR!

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...

/ai /regulation Data Protection Act Issues

Retired Member

Retired Member 

Tech-dinosaurs can still bite

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...

/regulation Fintech

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GDPR in Context: The 6 Legal Bases for Processing

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 ...

/regulation Banking Regulations

Breana Patel

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

How Important is Enterprise Risk Management ?

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

/regulation Operational Risk Management

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13 Points of Clarification for FinCEN Final Rule CDD

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...

/regulation /wholesale Financial Services Regulation

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Retired Member 

Become a master of suspense

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 ...

/regulation

Ivy Schmerken

Ivy Schmerken Editorial Director at FlexTrade Systems

MiFID II Post-Mortem Cites Delays on LEIs and Data Quality as Key Challenge

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...

/regulation MiFID

Henri Wajsblat

Henri Wajsblat Financial Services Expert at Anaplan

Don’t let ringfencing get the better of you: connected planning will make compliance a breeze

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...

/regulation Financial Services Regulation

Robin Mess

Robin Mess Co-Founder and CEO at big xyt

Winning business by navigating through the new liquidity landscape

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 ...

/regulation Capital Markets Technology

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Retired Member 

KYC - More Than Just Satisfying Regulators

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...

/regulation Financial Services Regulation

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