4421 Results from /regulation
Retired Member
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
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
Almost every day another story appears in the ongoing tug-of-war between Europe and the UK over euro clearing. And, of course, the story is given extra poignancy when viewed through the varifocal lens of Brexit. But in this instance what exactly does "relocation" mean? Especially when we are talking about a global currency like the euro....
Nanda Kumar CEO at SunTec Business Solutions
Banking in the modern world Pairing technology and money is very common, we are used to hearing about the vast sums being pumped into Silicon Valley start-ups. What is less common is technology and ‘money’ working together. Challenger banks, such as Monzo, are aiming for this to be a reality, by making banking transparent and simple. The emergenc...
12 June 2017 /regulation /retail
So, if you're planning to attend any kind seminar on what you need to do for MiFID II over the next few months, forget it and go to the movies instead. You're simply too late and whatever plans you have (or have not) put in place will just have to do as there are only 6 months left to go. The more important questions concern how regulators will in...
08 June 2017 /regulation
Compliance, information security and HR departments are embracing smart surveillance technologies to help meet their obligations. But many struggle to adopt a holistic surveillance service that works across multiple departments and multiple people. So what’s the answer? ‘Regulated compliance’ and ‘cyber security’ have been used to justify many inv...
Most international payments providers exist as an alternative to high street banks. They provide their customers with a good deal, are transparent about their fees, deliver excellent customer service, and transfer money quickly, without hassle. Despite this, the wider international payments industry has been tarnished by allegations of profiteering...
02 June 2017 /payments /regulation Financial Services Regulation
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