4461 Results from /regulation
Darren Thomas MD at IHS Markit
With the clock counting down to MiFID II compliance, impacted dealers and other financial institutions are steamrolling ahead to prepare. Regulatory change management leads within these firms face multiple workstreams in managing the path to becoming compliant with the wide-encompassing Directive. In managing timelines to adherence, dealers shoul...
12 July 2017 /regulation Financial Risk Management
Nanda Kumar CEO at SunTec Business Solutions
The Post API World The future of banking is being completely altered by the Payment Services Directive 2 (PSD2) which comes into play in January 2018. PSD2 opens the floodgates to financial services innovation. Instead of making banking more complex, PSD2 is forcing banks to open up their systems of record to third parties, including non-traditio...
12 July 2017 /regulation Trends in Financial Services
Retired Member
The soon to be enacted General Data Protection Regulation – better known as GDPR – has been a cause for concern for many financial institutions. Although it represents good news for consumers by strengthening their data privacy, for financial organizations all over the world, it has imposed quite the challenge. Those who do not comply with the new...
06 July 2017 /regulation
There is always a trade-off If you ask a cyber security expert to secure your enterprise environment, they may not allow anyone to login or even access email remotely and would request that you use passwords such as s23r8@#$23nr2345$% and also request that you change them to something just as confusing every 7 days. This quickly gets in the way of...
04 July 2017 /regulation Asia Financial Services
Market participants are naturally worried about the immediate costs of regulation, some of them still uncertain about the future benefits. But with all the twists and turns on the road to regulatory change, meeting the requirements imposed by regulators is no easy task. Whatever the legislation, the politicians agree on the broad principles and se...
28 June 2017 /regulation /wholesale
Today, Google has been slapped with a record-breaking €2.4bn fine by European regulators for abusing its dominant position in the world of online shopping. The European Commission said that the search engine has 90 days to end the misconduct. If it does not, it faces penalty payments of up to 5 per cent of the average daily worldwide turnover of Al...
27 June 2017 /regulation
Charles Platt President, EMEA at SAP Fioneer
Economics can teach us a few lessons in our approach to technology set-up. From an economic perspective there is a lot of risk in being a producer. It requires commitment to fixed infrastructure — buying it, setting it up and maintaining it — in order to develop the assets to sell. Product diversity requires further expenditure on fixed infrastruct...
26 June 2017 /regulation Banking Architecture
Financial Services compliance departments are constantly turning to technology to find efficiencies and satisfy increasingly tough regulatory examinations. It started with simple robotics, which can provide great operational efficiencies and help standardize processes. Never ones to rest on their laurels, compliance departments have begun looking ...
26 June 2017 /regulation Financial Services Regulation
Nick Weisfeld Head of Data Strategy at GFT
Recent developments in cloud based data technology points to the beginning of a wider step change in the delivery of data technology within financial services, including two recent announcements made at the 2017 Google Next event in London. The first was from David Knott, Chief Architect at HSBC who announced HSBC’s ‘cloud first’ strategy for the b...
23 June 2017 /regulation
With the deadline for the Securities Finance Transaction Regulation (SFTR) advancing rapidly (end of 2018), firms need to ensure they have a sustainable and low cost plan for how they will tackle the requirements laid out by the regulation. Beyond, simply pulling data from disparate sources together into a single report, astute organisations will ...
22 June 2017 /regulation
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