4421 Results from /regulation
Retired Member
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
Freddie McMahon Director Strategy and Innovation at DF2020 Ltd
Juniper Research believes the emergent evidence from using Chatbots has the potential to replace the tasks of targeted human workers through fluent conversations with human users. They believe that Chatbots will undertake the following key tasks: Handle conversational interactions with human users Seamlessly handoff to human agents Trigger autom...
03 November 2017 /ai /regulation Fintech
On May 25th, 2018, a mere eight months away, the biggest overhaul of EU data protection law will come into force for all EU Member States with the introduction of the General Data Protection Regulation (GDPR). GDPR will impose substantial financial penalties on firms who fail to meet the new rules on the management of personal data of EU residents....
02 November 2017 /regulation
Sufyan Khan Head of Pre Sales / Solution Consulting - Europe at Oracle
The objective of developing a Common Reporting Standard (CRS) is to combat tax evasion. Common Reporting Standard (CSR) is the tax reporting framework developed by Organisation for Economic Cooperation and Development (OECD) that requires Automatic Exchange of Information (AEOI) between tax authorities in participating countries for inter-jurisdic...
01 November 2017 /regulation /wholesale Transaction Banking
So, MiFID I, you turn 10 today. Happy Birthday! That’s an excellent reason to pause and celebrate a little. When you first arrived markets were dominated by national stock exchanges with little or no pan-European focus, trading was mostly manual, and smart order routing and best execution were foreign terms from across the pond. You’ve certainly l...
01 November 2017 /regulation /wholesale MiFID
Ivy Schmerken Editorial Director at FlexTrade Systems
As MiFID II’s Jan. 3 go-live date draws closer, investment firms are rushing to implement systems that monitor position limits on commodity derivatives, though the majority of the limits are still unknown. Commodity derivatives participants are waiting for precise position limit rules under MiFID II on more than 100 contracts ranging from agricultu...
01 November 2017 /regulation
Keith Stonell Managing Director, EMEA at Guidewire
GDPR. These letters are increasingly visible in the media. When it comes into force on 25th May 2018, the General Data Protection Regulation (GDPR) will apply to all EU member states, including the UK. Its aim is to standardise and strengthen data protection for all individuals within the EU; it also addresses the export of personal data outside...
30 October 2017 /security /regulation Data Protection Act Issues
Raj Chaudhary Financial Service Consultant at Infosys
Fintech has been a talk in town since long now. Regtech, on the other hand is still being discussed a fad or future. It’s time. Regtech, slowly but steadily is becoming the BUZZWORD in regulatory compliance. Regtech was received well sometimes with open hands and sometimes seen with uncertainty. Here we discuss Regtech, its evolution and landscape...
30 October 2017 /regulation /inclusion Fintech
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