4460 Results from /regulation
Retired Member
Twelfth Night starts with a shipwreck. Emma Rice’s production at The Globe was magical: Shakespeare would have applauded. Superb were Feste, the wise fool, and Malvolio, the whistling regulator. The extraordinary begins to unfold and slips into a farce. In less than six months, Open Banking sets sail, so to avoid floundering we need to understan...
14 August 2017 /regulation Financial Services Regulation
You may be aware that the Government of India demonetised the highest two denomination bills of INR1000/- and INR500/- on 8th November 2016. Whilst, the usage of demonetisation as a tool to fight corruption and money laundering is debatable, the Indian case study, as per a Reserve Bank of India memo released on 11th August 2017 mentions that a
11 August 2017 /regulation Financial Risk Management
Kirston Winters MD, MarkitSERV at IHS Markit
MiFID came into effect in 2007 – under the current regime, buyside firms are typically not required to publish trades and real-time public reporting (“trade reporting”) is handled by trading venues and dealers. However, in January 2018, MiFID II rules will shift the responsibility for trade reporting to the buyside for certain products and in cert...
11 August 2017 /regulation MiFID
The technology requirements to analyse large data sets have never been more in demand in Financial Services. In 2017 financial institutions are creating vast swathes of data far beyond what we saw just a decade ago. However, it’s not just data volume that makes powerful data analysis such an important consideration, its regulation. Financial Servi...
11 August 2017 /security /regulation Data Protection Act Issues
It has been said, and we will say it again, that ‘data is the new oil.’ Volumes of data, and the number of channels through which that data flows are exploding. In 2016, we created more data than the previous 5,000 years of existence at about 2.5 quintillion bytes (that’s about 10 million Blu-ray discs) per day. And with the proliferation of data ...
09 August 2017 /regulation /retail Financial Risk Management
Ivy Schmerken Editorial Director at FlexTrade Systems
With only four months to go until the MiFID II’s Jan. 3, 2018 implementation date, buy-side firms are facing huge changes in disclosure and transparency requirements, which could upend their data management architectures. Participants on a webinar hosted by A-Team focused on MiFID II: Data for Transparency, said that firms are wrestling with the ch...
09 August 2017 /regulation MiFID
PSD2 is currently the hot topic in the payments industry in Europe. One of the main changes is the creation of new payment actors: Third Party Providers (TPP). We will witness several non-banking entities enter the payments space as TPPs, for example social media platforms and other Fintechs. In a digital world where about 50% of buying decisions...
05 August 2017 /payments /regulation
Freddie McMahon Director Strategy and Innovation at DF2020 Ltd
Perhaps it is time to change the way we look at regulations in context to Knowledge Management. The primary benefit of regulations is to protect the interests of individuals, organisations, society and the economy. Let’s start from the perspective that imperfection is the norm and at least 80% of regulations are aligned to generate benefits for ...
05 August 2017 /ai /regulation Fintech innovation and startups
Following the US and UK models, RBI is all set to jump on the bandwagon of regulating the P2P space with strict guidelines. The norms being finalised are expected to release in a few weeks, how are the peer-to-peer (P2P) lending platforms faring? What is their stance on this? Will the stringent norms curb the innovation? Instead of speculating we...
05 August 2017 /regulation /startups Fintech
James Smith MD at Dsruptiv Ltd
It has now been 500 days since the consultation period closed on 18 March 2016 for FCA Discussion Paper DP15/7 "Our approach to SMEs as users of financial services." At present, the provision of financial services to small businesses in the UK is largely unregulated. In many cases, firms can't even appeal to an ombudsman if they have been...
31 July 2017 /regulation /retail Financial Services Regulation
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