4366 Results from /regulation
Retired Member
Today, Google has been slapped with a record-breaking €2.4bn fine by European regulators for abusing its dominant position in the world of online shopping. The European Commission said that the search engine has 90 days to end the misconduct. If it does not, it faces penalty payments of up to 5 per cent of the average daily worldwide turnover of Al...
27 June 2017 /regulation
Charles Platt President, EMEA at SAP Fioneer
Economics can teach us a few lessons in our approach to technology set-up. From an economic perspective there is a lot of risk in being a producer. It requires commitment to fixed infrastructure — buying it, setting it up and maintaining it — in order to develop the assets to sell. Product diversity requires further expenditure on fixed infrastruct...
26 June 2017 /regulation Banking Architecture
Financial Services compliance departments are constantly turning to technology to find efficiencies and satisfy increasingly tough regulatory examinations. It started with simple robotics, which can provide great operational efficiencies and help standardize processes. Never ones to rest on their laurels, compliance departments have begun looking ...
26 June 2017 /regulation Financial Services Regulation
Nick Weisfeld Head of Data Strategy at GFT
Recent developments in cloud based data technology points to the beginning of a wider step change in the delivery of data technology within financial services, including two recent announcements made at the 2017 Google Next event in London. The first was from David Knott, Chief Architect at HSBC who announced HSBC’s ‘cloud first’ strategy for the b...
23 June 2017 /regulation
With the deadline for the Securities Finance Transaction Regulation (SFTR) advancing rapidly (end of 2018), firms need to ensure they have a sustainable and low cost plan for how they will tackle the requirements laid out by the regulation. Beyond, simply pulling data from disparate sources together into a single report, astute organisations will ...
22 June 2017 /regulation
Back in March the CME Group postponed the effective date of amendments to Rule 553 ("Average Price System") until July 2, 2018 to allow sufficient time for affected Exchange Clearing Member Firms and CME Clearing to make the necessary changes to implement the rule. CME Rule 553 permits a clearing member firm to calculate an average price...
21 June 2017 /regulation
In less than six months’ time (January 3rd, 2018), banks will need to be fully compliant with MiFID II regulatory obligations. In her second blog on the topic, Laura Glynn, Fenergo Director of Regulatory Compliance, explores the six key areas where MiFID II will impact the Client Lifecycle Management process. A wide-ranging and complicated regulat...
20 June 2017 /regulation /inclusion Financial Risk Management
Ben Knieff Principal Consultant at Outside Look
There have been a number of vendors getting in to Robotic Process Automation (RPA) to address some of the tedious aspects of AML compliance. As many know, even the best AML compliance systems tend to produce large numbers of false positives that analysts must review and clear. Large backlogs can lead to enforcement actions and generally lead to hi...
16 June 2017 /regulation
The countdown is on. The much-discussed EU General Data Protection Regulation (GDPR) will come into force in less than a year and has the Information Commissioner’s Office (ICO) on hand to dish out punitive fines for non-compliance. Most conversations about the issue have been security-focused and riddled with consternation. It seems not a day goe...
16 June 2017 /regulation Innovation in Financial Services
Ivy Schmerken Editorial Director at FlexTrade Systems
Foreign exchange participants are getting a crash course in ethical behavior. With the release of the FX Global Code for the wholesale foreign exchange market last month, the FX industry is counting on a single set of guidelines to prevent bad behavior in currency trading. Launched by the Bank International Settlements on May 25 in London, the fina...
14 June 2017 /regulation
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