4462 Results from /regulation
Ivy Schmerken Editorial Director at FlexTrade Systems
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...
16 April 2018 /regulation MiFID
Henri Wajsblat Financial Services Expert at Anaplan
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...
16 April 2018 /regulation Financial Services Regulation
Robin Mess Co-Founder and CEO at big xyt
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 ...
10 April 2018 /regulation Capital Markets Technology
Retired Member
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...
09 April 2018 /regulation Financial Services Regulation
On May 25th 2018, the EU General Data Protection Regulation (GDPR) will come into force and any business processing data about EU Citizens will be required to comply. This is arguably the most fundamental change to European data privacy laws in over twenty years. Failure to comply will result in substantial fines - as much as 4% of a firm’s annual...
06 April 2018 /security /regulation
Several organisations have considered the effect of GDPR in the context of whistleblowing and the steps required to investigate claims, but what are the implications when a whistleblower doesn’t follow set procedures and decides to take matters into their own hands? Under GDPR the responsibilities of data processors has been expanded. Previously, ...
04 April 2018 /security /regulation
Varun Maggon Senior Business Consultant at CustomerXPs Software Pvt. Ltd.
Cybercrime continues to be an unending botheration for banks. While the focus of attempts and attacks until recently, tended to be on the banks’ customers (via card and account detail compromises), of late fraudsters have become more sophisticated and have raised the stakes. They have shifted their focus and are now directly targeting banks. They ...
02 April 2018 /payments /regulation Transaction Fraud Systems and Analysis
A couple of years ago, a report was published in India that Public Sector Banks lost more than $1.2 billion in loans where the documents provided were fake. Recently there were news reports that Federal Services Royal Commission (Australia) found that the Home loans were being given based on fraudulent documents. These are not isolated incidents a...
31 March 2018 /regulation Digital Banking Trends
Freddie McMahon Director Strategy and Innovation at DF2020 Ltd
Since the beginning of online services, lawyers have been the major influence upon the customer consent process. Their preferred instrument is to produce dense content, such as terms and conditions, combined with a tick box for the customer to acknowledge they have read, understood and given their consent. In practice, most people don’t read this ...
30 March 2018 /ai /regulation Fintech innovation and startups
There are very few things we can be certain of in regard to Brexit, other than the fact that it won’t be concluded in 2018. It would be premature, though, to dismiss Brexit as topic solely for the policy makers sitting in their ivory tower far removed from the technology and operations that keep financial markets running smoothly on a daily basis....
27 March 2018 /regulation Banking Regulations
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