4138 Results from /regulation
Retired Member
The Internet. Nothing has disrupted our lives more. And one of the biggest more recent disruptions has been in the financial industry. While alternative banking first began with PayPal, the development of financial technology (fintech) has been steady, albeit gradual, ever since. Then, the financial crisis of 2008 hit and consumers lost trust in t...
17 November 2017 /regulation Financial Risk Management
Anne Plested Regulation at ION Markets
At first glance, the MiFID II trading obligation for shares seems fairly benign, bringing the bulk of equities trading ‘safely’ back to regulated execution venues. Whilst appearing all encompassing, it still leaves room for plain old-fashioned OTC trading on an ad hoc basis (or, technically speaking, below the threshold for an EU SI). But add into...
16 November 2017 /regulation
Breana Patel CEO | Thought leader in Bank Risk & Regulations at Bonova Advisory | Risk &Regulatory Advisory
Stress testing has been a much-favoured simulation technique used by banks to evaluate the risk of having insufficient capital during tough times. Large financial institutes have been using stress tests as a form of scenario analysis ever since the early 1990s. They have become increasingly popular, however, after the worldwide financial crisis tha...
15 November 2017 /regulation Financial Services Regulation
According to the Collins English dictionary a loophole is defined as "a small mistake which allows people to do something that would otherwise be illegal". The same dictionary offers an alternative American definition as "a means of evading or escaping an obligation". Both these imply that anyone benefiting from such a loophole...
14 November 2017 /regulation
Over the last eighteen months the use of WhatsApp and WeChat has steadily grown within financial services. It doesn’t matter which country you operate in, I guarantee there’s a regulation that says you need to authorise its use and capture conversations. How you do it is a complex question to answer. WeChat has been around since 2011, WhatsApp eve...
13 November 2017 /regulation Financial Services Regulation
Jean-Stephane Gourevitch CEO at Mobile Convergence Ecosystems Ltd.
The Equifax debacle demonstrate the danger lurking into a very outdated, non-customer friendly and absolutely not transparent approach to data. The market is sanctioning Equifax before the regulators hopefully do the same in Europe at least and the consumers launch legal actions possibly class actions as it is now possible in the EU. That such a ...
10 November 2017 /regulation Innovation in Financial Services
If Day 1 is January 3 then Day 2 is any time after that. Implementing systems day 2 may be prove to be a smarter way to invest in compliance and productivity. European market regulators will go-live in two months. We look at possible approaches to enforcement by regulators plus mitigation and productivity strategies for firms involved. Backgroun...
10 November 2017 /regulation MiFID
In its consultation for changing RTS 1, published yesterday, ESMA suggests that the tick size regime should also be extended to Systematic Internalisers. I don’t want to discuss whether it is a sensible proposal. Nor do I want to debate whether ESMA can use a Level 2 text to override the explicit statement in MiFID II (Article 18 and 39). MiFID I...
10 November 2017 /regulation /wholesale MiFID
As European regulatory bodies encourage firms to embrace the cloud, it’s time to take a look at some of the benefits, concerns, and myths of archiving electronic communications in the cloud. Historically, a typical bank’s policy to running applications and storing data was they were all located on-premises. Public cloud services simply weren’t used...
07 November 2017 /security /regulation Business Knowledge for IT
We have learned a lot about how not to do consent from Hollywood and the Fashion industry. Consent has to be explicit, have a clear affirmative statement and action of intent that cannot be misinterpreted, given clearly, specific and informed. In May 2018, individuals “are given legal rights over their own data”. As Open banking is going across m...
06 November 2017 /regulation Open Banking
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