4455 Results from /regulation
Retired Member
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
The Economies of Compliancy is an emergent economics term that describes a competitive advantage of sharing practical regulatory knowledge and practices across entities. By means of a utility-based cloud service, business, non-profit or government, can lower their compliance costs and reduce the risks of non-conformance. For example, the cost of u...
23 March 2018 /ai /regulation Financial Services Regulation
The deadline for meeting the General Data Protection Regulation (GDPR) is on its way. But many non-EU investment management firms may not realize the extent to which they will be affected by this extensive new regulation quickly enough to meet the 25 May implementation date. All firms will need to comply with the new EU rules – no matter where t...
22 March 2018 /security /regulation MiFID
Reghunathan Sukumara Pillai Consultant at Infosys
Corporate Loans occupy significant size in the asset portfolio of large Banks. Most of the Banks have a well-defined corporate credit department comprising of relationship managers, credit appraisal officers, risk officers, approvers and Department heads. Corporate Loans not only generates interest and fee based income but also build the asset sid...
22 March 2018 /regulation Banking Regulations
A few days ago, the U.S. Securities Exchange Commission (SEC) updated its guidance to public companies for disclosure of cybersecurity risks and incidents. The SEC’s interpretation essentially creates a new regulatory disclosure category for cyber security incidents. The UK’s Financial Conduct Authority (FCA) also firmly includes cyber security in...
21 March 2018 /security /regulation Fintech
Lee Campbell CEO & Founder at Cube Logic
Effective credit risk management depends on data aggregate across multiple silos and the ability to produce accurate, consistent and forward-looking measures of credit exposure at the single obligor level. These data silos are often inevitable, especially when multiple front office trading systems, ETRMs, etc. are present, and yet must be overcome...
20 March 2018 /regulation Financial Risk Management
Boris Huard
25th May 2018 – write it down, pin it above your desk or put it in your diary. The date for EU GDPR regulation entering enforceable UK law is rapidly approaching, and many Marketing, Governance, Data Protection and Compliance teams need to start thinking about how prepared they truly are. We know that GDPR presents a great opportunity for companie...
19 March 2018 /security /regulation Data Management 101
Lending is a major activity for major Banks and lending for capital investments, infrastructure, finances in Government sector and industries, heavy machineries contributes to the development of economy and also providing long term assured interest/fee based income to the Bank. Such corporate loans occupy a significant asset portfolio in many larg...
19 March 2018 /regulation Banking Regulations
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