4138 Results from /regulation
Retired Member
Given the ongoing uncertainties in the global economic environment, such as the slide in oil prices, credit expansion in the US and weakness in the Eurozone, some economists are predicting another market crash is likely. Therefore, the appetite for regulation and mitigation of risk amongst politicians looks unlikely to diminish and a major step in...
26 May 2016 /regulation
I’m sure most people will agree that data as an asset is not a new idea. However, I can make a strong argument that regulation as an asset is. This is quite a simple idea: Data is the new currency. Regulation has encouraged us to record, archive and interpret data so closely that we can now gather enough information to create a valuable asset. By ...
26 May 2016 /payments /regulation
Anish Kapoor CEO at AccessPay
Heads up guys. PSD2 is coming to a payment screen near you. And for those who don't know about it, here’s a quick trailer. So, just what is it? In essence it's an overhaul of PSD1 (the Payment Services Directive), launched in 2007 to modernise and standardise how the payments system operates across the EU. The aim was to make cross-border payments...
25 May 2016 /payments /regulation Payments strategies 2015-2020-2030
Nigel Farmer Industry Director, Capital Markets at Software AG
Under Starter’s Orders: Market Abuse Regulation We are almost under starter’s orders for compliance with the new market abuse regulation (MAR), which comes into force in Europe on July 3rd. Enhancements to MAR across Europe strengthen rules against insider dealing and market manipulation, and add provisions to prevent and detect them. Most firms s...
24 May 2016 /regulation
In my first blog, I explored how the data collection and sharing requirements of existing and new regulations such as KYC, AML and BCBS 239 are in direct conflict with data privacy rules that differ from country-to-country, creating a regulatory, data and operational challenge for financial institutions. In this blog, I attempt to explore potentia...
John Doyle Director at The Payments Business
Recent events in the international payments world have highlighted yet again the confusion over SWIFT’s responsibilities in the payments chain. SWIFT was created to send payments instructions from a sender and a receiver. Over the past 40 years that basic role of SWIFT has not changed. SWIFT’s major contribution to the payments world was the work ...
23 May 2016 /payments /regulation SWIFT Matters
With adoption of the Payment Services Directive 2015/2366/EU (“PSD2”) and the transposition period underway, start-ups and large companies alike are looking for opportunities to break into the payment service provider market. One of these key possibilities is an existing, yet new, form of service: the payment service initiator. One major company t...
23 May 2016 /payments /regulation
Interesting story in the FT today about IEX and its application to become a fully-fledged exchange. At issue is IEX’s so-called 'speed bump' that will slow down the HFT 'boy racers' and so make markets safer again. Naysayers claim that the inclusion of a speed bump is contrary to the rule that investors should have "immediate" access to ...
20 May 2016 /regulation
Sometimes working with data can seem like an existentialist exercise. Are we thinking about data or are we thinking about the human condition? Sometimes it’s a little of both. Donald Rumsfeld, former US Secretary of Defence had this to say about discovery and self improvement: “There are known unknowns... things that we know we don’t know. But ther...
19 May 2016 /payments /regulation
OVERVIEW In this post, we will consider how Artificial Intelligence (AI), specifically Natural Language Generation, can ensure robust and defensible decision making processes that suffice regulatory scrutiny. IT'S NOT THE DECISION. IT'S THE PROCESS “Robust and Defensible” was a common theme at a recent JP Morgan conference that examined the challe...
17 May 2016 /regulation Financial Services Regulation
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