4138 Results from /regulation
James Higgins Product Director at AccessPay
PSD2, the much vaunted reimagination of the original EU Payments Services Directive, is to be implemented by member states in 2018. The aim of PSD2 is to revolutionise the payments industry, influencing everything from the way we pay online, to what information we see when making a payment. The Big Changes The headline change PSD2 is set to deliv...
24 October 2017 /regulation Financial Services Regulation
Retired Member
Regulatory Demands on the Rise In financial services, regulatory demands continue to increase along with the pressure from regulators. For example, year after year Anti-Money Laundering (AML) requirements are always a regulatory priority, with local AML requirements around the world consistently changing and increasing. Global banks are currently ...
23 October 2017 /regulation Financial Services Regulation
John Doyle Director at The Payments Business
There's been a vigorous debate recently about data in financial services and who it belongs to. At the Vendorcom conference last month it featured high on the list of concerns especially as more and more technologists are developing apps and services that specifically look at using data. I've long been bemused by the fact that the credit companies ...
20 October 2017 /payments /regulation Financial Services Regulation
Coming into force on May 11th, 2018, FinCEN’s Final Customer Due Diligence (CDD) Rule (i.e. FinCEN Final Rule (CDD)) will bring in sweeping new changes to how financial institutions collect, maintain and act upon beneficial ownership information and conduct customer due diligence. The Rule codifies new and existing CDD requirements under the Bank ...
20 October 2017 /regulation Financial Services Regulation
Freddie McMahon Director Strategy and Innovation at DF2020 Ltd
Gartner Group have recently identified the following four emergent trends for using Chatbots in the Enterprise: 1. Call Center Help Desk: Chatbots are reducing the cost of customer queries by handling more and more of the customer conversations, with handoffs to help desk workers when appropriate. 2. Operational Approvals: Chatbots are reducing t...
20 October 2017 /ai /regulation Fintech innovation and startups
Darren Thomas MD at IHS Markit
Investment managers and brokers both lose unless they resolve differences by the MiFID II deadline Repapering of terms under MiFID II is potentially a massive problem for the buy-side. This issue is often overlooked as asset managers typically rely on their sell-side partners for support. Broker-dealers and banks provide trading strategies, liquid...
19 October 2017 /regulation MiFID
Breana Patel CEO | Thought leader in Bank Risk & Regulations at Bonova Advisory | Risk &Regulatory Advisory
Background 11.5 million documents, a staggering number, were leaked from Panamanian law firm ‘Mossack Fonseca’ in 2015. The contents of these documents, mostly financial information about wealthy individuals and public figures wound up revealing some fascinating facts. These facts led to investigators realizing that illegal operations were occurri...
17 October 2017 /regulation /wholesale Financial Services Regulation
Recording the execution decision maker is a new requirement under MiFID II. Working out how to populate that field turns out to be trickier than expected. Take a buy-side that gives strict execution instructions on how to execute its agency care order. On the one hand, you could argue that the sell-side made no decisions and therefore records NORE ...
17 October 2017 /regulation /wholesale MiFID
It’s been nearly a decade since the financial crisis of 2008. However, the Comprehensive Capital Analysis and Review continues to be an ever-evolving process. Trends for 2017 and 2018 show that the Fed continues to work toward establishing clear and unwavering CCAR standards. The year in review For the third year in a row, every bank passed the qu...
16 October 2017 /regulation Financial Services Regulation
Anne Plested Regulation at ION Markets
We are now well into October and market participants are still waiting patiently for ESMA to provide details of instrument data for MiFID II. The industry is keen to consume important data to drive functionality and trading strategies; basics such as which instruments are in scope, which are classed as liquid, what is large in scale and where the ...
13 October 2017 /regulation
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