4138 Results from /regulation
Carlo R.W. De Meijer Owner and Economist at MIFSA
It is always challenging to look for new topics worth mentioning related to blockchain or distributed ledger technology. One issue that needs special attention is financial regulation reporting under blockchain. In June, the European Securities and Markets Authority (ESMA) published a consultation (or discussion) paper “The Distributed Ledger Tech...
16 September 2016 /regulation
Retired Member
Coping with the rapid pace at which new Anti-Money Laundering (AML) regulations are enacted poses quite a challenge to enterprises worldwide. If you take the case of financial institutions, this entails a dual test, as banks and other financial services providers not only need to comply with an increasing number of AML and Know Your Customer (KYC)...
15 September 2016 /regulation Financial Services Regulation
The Financial Stability Board (FSB), chaired by the Bank of England’s Mark Carney, recently warned that banks have flagged their concerns about missing regulatory deadlines, with Basel III being highlighted as a particular concern. Some of the problems have been around translating Basel III law into the domestic legal framework. Other banks have sp...
15 September 2016 /regulation /retail
Christoffer Hernæs Advisor and investor at Hernæs Consulting
PSD2 will force banks to open up their infrastructure to third parties by offering APIs under the XS2A (access to account) rule. The directive has the potential to fundamentally alter the payment landscape as we know it. One of the reasons why PSD2 will have such a large impact is that it will level the playing field and increase competition by in...
15 September 2016 /regulation
Shailendra Malik SVP - Tech Delivery (Data Platform) at DBS Bank
Those who follow the Fintech Sector closely in Singapore are surely having the time of their life. It’s that time of the year approaching where the craze and euphoria for a particular sector is at its crescendo. Almost reaching the levels of yearly F1 jamboree. Adding to the chaos is the Marquee event announced by Monetary Authority of Singapore in...
Jim Steven Head of Crisis & Breach Response at Experian Consumer Services
With government figures showing that 9 out of 10 organisations suffered some form of a data breach last year, it's a near certainty that it will happen, no matter what the size of the organisation. The impact on larger enterprises can be great in terms of the scale of costs and reputational damage suffered, especially if they attract media attentio...
14 September 2016 /security /regulation
Nigel Farmer Industry Director, Capital Markets at Software AG
The Commodities Futures Trading Commission (CFTC) recently finalized a set of cyber security rules, designed to help safeguard its systems from breaches; but worries about hacking and possible terrorism remain. There have long been concerns that Cyberman-like terrorists or hackers could compromise the world’s financial markets by attacking exchan...
ESMA has defined momentum ignition as a case of prohibited market manipulation. ICE Canada considers this to be disruptive, and so does the CME Group. One UK government report stated that momentum ignition will “induce algorithms to compete with other algorithms, can push prices away from fundamental values.”* This leads us to the question – what...
13 September 2016 /regulation MiFID
“They (the bankers) must die so the banks might live”... A statement I saw published recently in the Wall Street Journal (WSJ) which struck a chord. It is pretty extreme, but its aim was to highlight blinkered management at the highest levels of financial institutions and the reticence to change. The article argued that an absence of IT awareness ...
12 September 2016 /regulation
Nahum Goldmann Partner at BelPay.be
I had published a review of this remarkable book some time back at the American Bankers Association's Journal. I am posting it again here because I believe that it should also be a required reading for the executives of every FinTech startup, whether or not they plan to conduct regulated services or whose services might unexpectedly become regula...
08 September 2016 /regulation /startups Transaction Banking
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