4460 Results from /regulation
Freddie McMahon Director Strategy and Innovation at DF2020 Ltd
We all know that a Standard Operating Procedure (SOP) is a step-by-step set of instructions written by an organization to help workers carry out complex routine operations. Each SOP is aimed to achieve efficiency, quality outcomes and uniformity of performance, whilst reducing miscommunication and failure to comply with policy, regulatory and stat...
06 July 2018 /ai /regulation Finextra site news
Retired Member
Part 2: Managing complex financial ecosystems There is a great potential now to derive innovation value from investments in EMIR and MiFID II. New or improved capabilities developed under these regulations can and should be reused. The primary function of the securities industry (and the key focus of recent regulations) has been managing transactio...
02 July 2018 /regulation
Part 1: Foundation for a data supply chain Financial services companies are, in essence, data handlers and processors. As the industry evolves and its data needs become more complex, a robust data supply chain is vital for delivering superior products and services to customers and partners. As part of compliance with EMIR and MiFID II, firms have ...
As the pace of change continues to accelerate faster and faster, it has become overwhelmingly clear that training is no longer fit for purpose, to address the ever-widening knowledge gap. This is not to say that training is superfluous, but it should not be deployed when there are viable alternatives that are more efficient and effective and opera...
30 June 2018 /ai /regulation Fintech innovation and startups
It was always clear that Brexit was going to be an inherently complex undertaking that the industry must muddle through somehow. By now we’re all quite used to politicians of every stripe selling us their promises and claims, ranging from the more realistic to the less credible. What’s different this week is that the regulatory authorities have no...
28 June 2018 /regulation
Jay Clayton SEC chairman mentioned in recent news that ICOs will be treated as securities. Crypto exchanges are being placed in increased scrutiny by the regulators. A good enterprise risk management approach is one that is proactive and not reactive after the damage has occurred. What will set crypto exchanges apart will be the ability to have a r...
26 June 2018 /regulation Digital Asset Class (DAC)
Within traditional Financial Services there is a common belief that regulation has fundamentally constrained the industry, but at the same time innovation through FinTech has blossomed. The Regulators do not believe regulation is a constraint to good business and have worked closely with FinTech. Something feels out of kilter! Maybe it’s time we f...
23 June 2018 /ai /regulation Internal Auditors in Financial Services
The inexorable advance of new technologies; artificial intelligence (AI), machine learning (ML), big data and cloud computing are transforming financial institutions and markets. Machine learning in particular, is rapidly gaining traction in the world of model risk management, where the increased number of models to be managed, requires a consolid...
21 June 2018 /ai /regulation
Anjani Kumar Principal Consultant - FS Risk & Compliance at Infosys Limited
Background AnaCredit (analytical credit dataset) is a three-stage project that was launched by the European Central Bank (ECB). In April 2014, ECB had announced the establishment of a central credit register that would be updated with granular credit (individual loan level), counterparty, and credit risk/exposure data of all of the credit institut...
20 June 2018 /regulation Banking Regulations
Ørjan Bagn Head of Service Design at DNB
Just last week I was part of launching DNB ID, an app making it possible to safely and securely identify people regardless of nationality, using a phone, passport and face. I work in DNB (Norway’s largest financial institution) where we each year have over 80.000 passport based identifications. This could be related to customer on-boarding, transa...
20 June 2018 /regulation Digital Banking Trends
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