4467 Results from /regulation
Brendan Jones COO at Konsentus Ltd
Introduction At the European Banking Authority (EBA) Working Group on APIs under PSD2, a number of market participants raised concerns that there could be a potential mismatch, particularly in the case of a revoked authorisation, between the information contained in the eIDAS PSD2 certificate and the information contained on the EBA and national r...
18 June 2019 /regulation Banking Regulations
Rolf Hauge CEO at Commercial Banking Applications (CBA)
Over the past decade the requirements for sanction screening and anti-money laundering (AML) control have increased dramatically, and regulators have stepped up enforcement. Estimates indicate that fines of over $25 billion dollars have been issued in the last ten years for AML and sanctions violations by regulators across North America, Europe an...
18 June 2019 /payments /regulation EBAday
Ivy Schmerken Editorial Director at FlexTrade Systems
With the uptick in Asian currency trading and the growth of electronic trading, Singapore’s regulator is working with the financial industry to build an FX trading hub and expand FX market infrastructure, a move to improve liquidity and price discovery during Asian trading hours. The Monetary Authority of Singapore (MAS) is offering financial ince...
17 June 2019 /regulation Capital Markets Technology
Retired Member
The cost of dirty data – data that is inaccurate, incomplete or inconsistent – is enormous. Earlier this year, Gartner reported that, on average, poor quality data cost an organisation $15 million in 2017. These findings were reinforced by MIT Sloan Management Review, which reported that dirty data costs the average business an astonishing 15 to ...
13 June 2019 /regulation Data Management 101
Christopher Craddock Director for Tax Solutions at IHS Markit
Governments and regulators reacted to the 2008 financial crisis by introducing a raft of regulation for financial services, acquainting professionals with a range of acronyms such as MiFID, PRIIPS, EMIR and FATCA. The aim of much of the regulation: to improve transparency through reporting information to regulators and government authorities to he...
12 June 2019 /regulation Internal Auditors in Financial Services
Mark Demo
In late March, the Basel Committee on Banking Supervision (BCBS) and the International Organisation of Securities Commissions (IOSCO) issued guidance to national regulators stating that Phase 4 and 5 firms need not negotiate documentation with counterparties or become operationally ready if the trading relationship with any given counterparty was ...
10 June 2019 /regulation Financial Services Regulation
Matt Smith CEO at SteelEye
Since MiFID II was implemented at the start of 2018, financial markets have struggled to adapt to the new and rigorous regulatory requirements. Recently, high profile cases have brought the consequences of non-compliance into the spotlight, with UBS and Goldman Sachs both receiving fines of £27.6m and £34m respectively, for misreporting their data...
As asset managers become more data-driven in their analysis of execution quality, they are reallocating order flows among their broker-dealer relationships at a faster pace. That finding provided the context for a recent Greenwich Associates webinar “Best Execution: How the Buy Side Measures it, How the Sell Side Produces it.” Panelists discussed t...
05 June 2019 /regulation Capital Markets Technology
Peter Davidson Business Consultant at Self Employed
The current state of the Israeli real estate market is perhaps best described as ‘volatile’, not because of whipsaw activity in supply and demand, but because future demand is expected to severely outpace the government’s ability to remedy the housing situation. According to the president of the IBA (Israel Builders Association), Raul Srugo, Israe...
04 June 2019 /regulation Financial Risk Management
When Standard Chartered announced in its end of year results that it will include a $900 million provision for penalties relating to investigations into FX trading issues, trading compliance was once again thrust firmly into the spotlight. From electronic chat rooms to email, video calls to phone calls, there has been a constant fight by banking re...
03 June 2019 /regulation Unified Communications in Financial Services
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