4478 Results from /regulation
Retired Member
If data is the “new oil,” could GDPR be a blockage in the pipeline? Admit it, phrases and jargon are so overused in our industry that they become annoying. The latest one is “data is the new oil.” It is not. I say that as a former oil market journalist. Here’s why: Data is not a natural resource Data can’t be drilled for or fracked Data has ne...
31 July 2017 /regulation
Jeremy Light Co-founder at Fourdotzero
The PSD2 regulatory technical standards (RTS) for strong customer authentication and secure communication are proving difficult to finalise. With the EBA rejecting the EC's amendments to its final draft RTS, it is now up to the EC to publish the final text, subject to scrutiny by the EU Parliament and EU Council. With this saga running on and on, ...
31 July 2017 /payments /regulation
As the deadline for the implementation MiFID II fast approaches, financial firms are under growing pressure to take steps to ensure they’re fully compliant. A common issue, however, is that many organisations are still unclear about the full impact MiFID II will have on their organisation. According to recent research conducted by IPC, while 77 pe...
27 July 2017 /regulation Financial Services Regulation
Ivy Schmerken Editorial Director at FlexTrade Systems
Last week, SEC Chairman Jay Clayton said he asked the staff to develop a plan for creating a Fixed Income Market Structure Committee to advise the SEC on regulatory issues in the fixed-income markets. Clayton said the fixed income committee would be modeled after the Equity Market Structure Committee (EMSAC), and would be comprised of a diverse gr...
27 July 2017 /regulation
Willem Lambrechts Managing Director at Drebbel
As a financial technology broker, we have the privilege of operating in the heart of the financial technology eco-system. From this position we observe a quite odd but stunning anomaly within financial institutions. Every single day in the financial press we read about financial institutions investing vast amounts of money in emerging technologies ...
27 July 2017 /regulation MiFID
Over a year has passed since the publication of the Panama Papers, an unprecedented data leak of 11.5 million documents that revealed the secret financial dealings of over 214,488 offshore entities. This high-profile leak ultimately brought to the fore the lack of transparency surrounding shell companies. The records revealed the multitude of ways...
26 July 2017 /regulation Capital Markets Technology
For firms still procrastinating about finalising their plans to accommodate the changes required to capture, archive, and easily retrieve electronic communications (eComms) in accordance with MiFID II, the clock is ticking. Loudly. Although the 3rd January 2018 may seem a long way off, with almost every financial organisation initiating a change co...
26 July 2017 /regulation MiFID
Richard Miller Product Owner at RegDefy (MV37)
For the last 35 years Artificial Intelligence (AI) has been promising much yet not delivering outside of the academic world. So what exactly is AI? There is actually a fair bit of confusion about even the definition of AI, and here I would like to take Gartner’s viewpoint, avoiding marketing terms like ‘cognitive’ in that AI stands for “Amazing In...
25 July 2017 /regulation
The General Data Protection Regulation will come into play in May 2018, and should be on the radar of fund managers, investment advisors, and every company that processes data related to living EU residents. Non-compliance will lead to significant penalties including a fine of up to 20,000,000 EUR or up to 4% annual turnover. Considering one in fo...
24 July 2017 /regulation
A few years after Bautista closed his business I casually met him in a cafe nearby the Town Hall. After saying hello to him and asking how were things going (not very well, I must say) we started talking about his business and why he had closed it down. He said that he did not understand why the Town Hall passed a law to promote competition in fina...
23 July 2017 /payments /regulation Online Banking
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