4138 Results from /regulation
Nikhil Mittal Financial Crimes Consultant at Wells Fargo
Today's banks are facing a common challenge across the globe: mounting technology costs and increasing compliance requirements. New organizations are surfacing at every nook and corner to disrupt normal life through violence, and are being funded heavily to conduct global attacks. Due to the way the banks have operated so far - coupled with the ma...
26 July 2016 /regulation Banking Architecture
Retired Member
There is an expression – "There are only two things that you have to do in life, pay taxes and die." With Foreign Account Tax Compliance Act (FATCA), the US government has stepped up the game in enforcing the tax side of that quote. Understanding that a large amount of US taxpayer money (both individual and corporate) was being kept abro...
26 July 2016 /regulation
Steve Wilcockson Product Marketing at Quantexa
Following a survey we did back in 2014, I posted on Finextra about how machine learning technologies are progressing from academia, robotics and medical engineering into financial services. At that time, there seemed to be some hesitancy with only 12% of 80 quant-savvy finance professionals saying they used machine learning in their workflows. H...
25 July 2016 /regulation
The UK’s decision to leave the EU following the referendum vote on the 23 June has left the financial services industry facing an uncertain future. The result poses more questions than answers on what it will mean for financial regulation in the post-Brexit era. In the immediate aftermath of the Brexit vote, we can expect a business as usual appro...
Regulators across the world looking for new strategies to strengthen the Financial Benchmark regime is evidently clear by now. The Financial Stability Board (FSB) driven multi-rate approach, which relies on (i) Strengthening the existing benchmarks by underpinning them on transaction data and (ii) Developing alternative, nearly risk-free reference...
25 July 2016 /regulation Financial Services Regulation
Graham Seel Principal Consultant at BankTech Consulting
Whose job is it to manage operational risk? The Chief Risk Officer? Check Operations Management? Check Compliance? Check Data Management? Check Technology Providers, FinTech and RegTech? Check Yours and mine? Check! Yesterday I had the pleasure and privilege of moderating a great panel discussion on Big Data Analytics for Risk Management. The dis...
22 July 2016 /regulation Innovation in Financial Services
The dark pool debate has raged across the globe for some time now and, in every jurisdiction, it’s more often than not accompanied by a smattering of assumptions on almost everything and certain knowledge of almost nothing. Fair enough, in the absence of hard facts, the term dark pool doesn’t really instil a great deal of trust from the outside wo...
22 July 2016 /regulation
The need for transaction monitoring The world today is a very different place than even ten years ago; criminal activity is increasingly sophisticated and terrorist financing uses cutting edge technology. Financial institutions, together with governments and regulatory authorities must use every technological advance to fight it. In the modern wor...
21 July 2016 /regulation
First there was FATCA, then CRS. Now financial institutions have a new tax mandate to meet – Section 871(m). So what do these three numbers mean and will it really sound a death knell for US equity derivatives? The death knell is perhaps a bit over exaggerated but the clanging of the bell is certainly going to cause compliance headaches. On Septem...
20 July 2016 /regulation
Since November 2015, our machine learning tool for detecting spoofing and market manipulation has been getting a lot of buzz. The company has a record of detecting market manipulation in listed derivatives based upon high profile cases. We put together an Artificial Intelligence (AI) tool that allowed compliance officers to quickly detect who was ...
20 July 2016 /regulation Financial Services Regulation
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