283 Results from 2017, /regulation
Retired Member
With a new year just around the corner, December is typically a month in which people take the time to reflect and remember upon the year gone by. Dealt its fair share of political and economic twists and turns, it’s not surprising uncertainty has hung over the nation, denting both consumer and business confidence in 2017. In fact, in October the ...
13 December 2017 /regulation /retail Trends in Financial Services
Sayed Ali Sharafudeen Senior Manager, Customer Analytics at Genpact
When the European Union ushers in General Data Protection Regulation (GDPR) on 25 May 2018, it will represent one of the most critical developments and the biggest shake-up in the use and management of customer data over a decade. This has been specifically designed to ‘harmonize’ consumer rights across the continent and will consecrate stringent ...
11 December 2017 /regulation Data Protection Act Issues
Beneficial ownership - the term that can be found on the lips of AML Compliance professionals across the globe at the moment. It isn’t a new concept but between the 4th EU Money Laundering Directive and the US FinCEN CDD Rule it has become the topic du jour. While there is much discussion about the requirements and advice to get programs to addres...
11 December 2017 /regulation Financial Services Regulation
Freddie McMahon Director Strategy and Innovation at DF2020 Ltd
As covered previously, Chatbot Natural Language Processing (NLP) is not underpinned by Artificial Intelligence that is a Singularity, all knowing, god like. Once this is obviously clear then it is important to understand NLP constraints and limitations. The science behind NLP is to take a free-form text or voice utterance, which is a form of B...
08 December 2017 /ai /regulation Innovation in Financial Services
Hopefully for those of us in financial services MiFID II is now pretty much part of the furniture, and whilst it is causing turmoil and deep discomfort, the reality, is that it is here to stay and there is no going back. Ever. The reason I said ‘hopefully’ is that I have heard some horror stories about CEOs of a few buy side firms who are only just...
08 December 2017 /regulation /wholesale MiFID
Yesterday ESMA published the long outstanding reference data for equities and bonds. Captains of the industry might worry little about abbreviations such as LIS, SMS, ADT, AVT or ADNT. But the engineers below deck understand perfectly well that these are the crucial coordinates to keep the ship on course. The reference data allows you to work out ...
07 December 2017 /regulation /wholesale MiFID
Back in the 1700’s Benjamin Franklin famously once said – ‘A place for everything and everything it’s place’, fast forward to 2017 and the increasingly regulated world that we live in today, this statement couldn’t be more fitting. What is the point in recording everything and then 'dumping' it in a box or vault with no strategy about how you migh...
05 December 2017 /regulation MiFID
I read yesterday that Cboe is bringing forward the launch date for its Bitcoin futures contract in a bid to usurp its rivals at the CME. This set me thinking about the likely impact of these contracts on the price of Bitcoin itself. As my good friend John Lothian has always maintained, futures markets are all about risk transfer and not irresponsi...
05 December 2017 /regulation
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
I am a member of the Finnish Council of Regulatory Impact. We are an independent body - but in the Prime Minister’s office. Similar organisations have been established also for example in Germany, the UK and Sweden. Our task is to evaluate how the evaluation of primarily the economic impact of new legislation has been performed. It is of course cle...
04 December 2017 /regulation Financial Services Regulation
The Chatbot market has reached an unbelievable state. It is both over-hyped and under-hyped at the same time. There is no doubt that conversation-as-a-service will become the primary means for humans and machines to interact. The changes will eventually be profound impacting everything. As with any monumental change, the early days are wild as ...
02 December 2017 /ai /regulation Digital Banking Trends
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