4139 Results from /regulation
Adrian Warr MD at TTBIDS Limited
Recent reports confirm the trend towards ever more serious cyber-security breaches (“90 percent of large companies have suffered a data breach over the last year, compared to 81 percent last year” PwC report – link)”, “Nearly half the population of the United States has been affected by breaches of protected health information (PHI) over the past ...
21 April 2016 /security /regulation
Nigel Farmer Industry Director, Capital Markets at Software AG
In follow up to my recent blog post about market abuse and banking culture, it’s worth noting that the new Senior Managers Regime (SMR), designed to improve individual accountability in the banking and finance sector, has now come into force in the UK. According to the Bank of England’s Prudential Reporting Authority, the SMR “is aimed at suppor...
19 April 2016 /regulation
Tejasvi Addagada Enterprise Data Head at Fortune 500 financial service provider
The Prudential Regulation Authority (PRA) has completed reviews of the internal model approval process (IMAP) to assess the quality of data that underpins the validity and integrity of the internal governance model. This review has been performed on over 50 firms in preparation for the introduction of Solvency II2 and a final report has been issue...
15 April 2016 /regulation
Andy Mellor Product Manager at The Logic Group
The explosion of data, brought about by ever sophisticated and pervasive technologies, has led to the new General Data Protection Regulation (GDPR), which will be the most comprehensive shake up of data protection laws in 20 years. The GDPR aims to update the existing data protection framework across EU markets to reflect today’s digital environmen...
14 April 2016 /security /regulation
Retired Member
Regulation has rightly become known as the “greatest innovator” over recent years, as a succession of new requirements has dominated the landscapes of many industries. Compliance with these rulings is very rarely optional, which means that if you want to continue to work in that line of business you need to find a way of ticking those particular b...
14 April 2016 /regulation
For more than 20 years, technology enhancements and innovation targeting the front office of FX trading operations have not been matched in the back and middle offices. That reality now threatens the growth of the global FX market. The post trade infrastructure in place today was developed when voice business was the dominant approach to trading. ...
13 April 2016 /regulation
Anna Monteiro Global Head of Business and Product Development at www.solutions-atlantic.com
The recent dramatic spike in the number and complexity of regulatory reporting guidelines, has left buy-side firms and administration companies worldwide scrambling to keep up with changes in order to minimize risk and avoid costly filing errors. Recent independent surveys show that one of the main challenges buy-side participants face today is a...
12 April 2016 /regulation
Ivy Schmerken Editorial Director at FlexTrade Systems
It’s no secret that institutional traders are utilizing transaction cost analysis (TCA) for equities trading as a tool for measuring execution quality and reducing slippage against trading benchmarks. While TCA first emerged on equities trading desks as a “check–the-box” compliance function, the tool is now pervasive on equity trading desks. Sevent...
When I first considered the significance and impact that the Senior Management Regime (SMR) would have on banking standards, I immediately thought of the words of King Henry IV from Shakespeare’s Henry IV, Part II: “Uneasy lies the head that wears the crown”. Is there a more apt line to describe how many senior managers must now be feeling with th...
Sujay Puttanna Business Analyst / SME (Retail Banking) at Mindtree Ltd.
Traditionally Financial Institutions have been collecting application forms along with the physical supporting documents like Proof of Identity, Proof of Address, Proof of Birth, Certificate of Incorporation, Memorandum of Association, etc., from their customers in order to fulfil the KYC (Know Your Customers) Norms. KYC cannot be considered as a ...
12 April 2016 /regulation /retail Financial Services Regulation
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