4138 Results from /regulation
Retired Member
The final version of the Basel BCBS “Minimum capital requirements for market risk” (still generally referred to under the previous working title of the Fundamental Review of the Trading Book, or FRTB) directive was issued in January. The latest document added additional clarifications and a few, mostly welcome, changes. The revised go-live timefra...
17 May 2016 /regulation
OVERVIEW In an earlier post, "What Type of Artificial Intelligence Do You Need?", two paradigms of artificial intelligence are described; deterministic and statistical. Deterministic is similar to speaking with an expert. In this blog post, we will consider how Deterministic Artificial Intelligence can be applied to Client Suitability...
16 May 2016 /regulation Financial Services Regulation
The investor is beginning to feel the impacts of increased capital requirements under the Basel leverage ratio according to FIA President and CEO Walt Lukken in his testimony to the members of the U.S. House of Representatives. The capital requirements simply mean that the futures commission merchants (FCM), banks, and broker dealers (BD) must mai...
When I ask a lender for credit, there are two questions the lender would like answered: is Paul willing to pay and is he able to pay? Most lenders will try to answer these questions by taking data about me and applying some techniques from mathematics to my data. They do this to estimate the likelihood of me not paying (a technique often called c...
16 May 2016 /regulation /retail
With technology, regulation and compliance advancing at such a rapid pace, it's important that businesses keep abreast of any change that is likely to impact their business and, notably, their ability to process payments – both inbound and outbound. One such imminent initiative impacting the internet globally, with a rapidly approaching deadline
13 May 2016 /payments /regulation
It’s a major regulatory development and there are just two years to prepare for compliance. The time to understand the impacts and implications - and to get ready for implementation - is now. The clock is ticking louder every day. The EU General Data Protection Regulation (GDPR) rules will become compulsory from 25 May 2018[i]. Organisations, busi...
12 May 2016 /regulation
When I’m asked how risk and financial data can become an asset, I find it easiest to put this into financial terms: Once you have data assets. You can value them. It makes sense that as data becomes more useful, it becomes more valuable. Consolidating control into a single view of actionable data can help businesses handle both risk and business ma...
12 May 2016 /payments /regulation
Jamie Campbell Commercial lead at Bud
Former Treasury Secretary Larry Summers has come out and said that uses of blockchain, the technology underpinning Bitcoin, is "overwhelmingly likely" to change the financial industry.* Large companies could change their systems to blockchain - sometimes called 'distributed ledger technology' - making them run more efficiently. It could ...
10 May 2016 /regulation /inclusion
In Part 1 of this 3 blog series, I plans to outline the emergence of data privacy rules and how the lack of harmonization of in-country data privacy is hampering the ability to implement a global compliance program. Most financial institutions aspire to implement a truly global customer due diligence program that shares and re-uses data, measures a...
10 May 2016 /regulation
John Cant Managing Director at MPI Europe Ltd
My previous post https://www.finextra.com/blogposting/12517/beware-the-financial-crime-bite-of-the-back-book talked about the dangers lurking in a firm’s back book of existing customers and how to find and address them. A key part of this exercise is to understand the data that describes a customer, and hence understand whether they are a risk, a...
09 May 2016 /regulation Trends in Financial Services
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