4462 Results from /regulation
Ivy Schmerken Editorial Director at FlexTrade Systems
After more than a decade of debate, regulators are poised to act on a pilot for maker-or-taker pricing, a practice whereby market makers are paid a rebate to add liquidity and are charged a fee to remove liquidity by electronic trading venues. The SEC’s Equity Market Structure Advisory Committee (EMSAC) has recommended to move forward with a pilot ...
15 February 2017 /regulation
Retired Member
Implementing pan-European financial regulation is no easy feat. Finding agreement across 28 member states and translation into vastly differently legal systems is a true challenge. It comes as no surprise that those projects are regularly subject to delays. Against that backdrop, it is most welcome that ESMA is again requesting the power to issue a...
15 February 2017 /regulation /wholesale
GDPR should make life a lot easier in some ways. If you’re doing business in Europe, it makes sense to be dealing with a set of standard regulations rather than navigating through individual markets’ rules. But the penalties are going to be much tougher for companies that get it wrong. I’d bet that most financial institutions – and they’ll be th...
13 February 2017 /security /regulation
Anthony Walton CEO at Iliad Solutions
A combination of ‘big data analytics’ and ‘distributed ledger technology’ could help financial institutions combat escalating levels of financial crime. This is the view of the FCA, the UK’s financial regulator. Andrew Bailey, the CEO, has a clear view on what should happen over the coming years: “If ever there was an area that strikes me as ripe ...
Anne Leslie-Bini CEO at Pikcio RegTech
When the year 2008 is mentioned, it is generally associated with the untimely demise of Lehman Brothers and the ensuing financial chaos that engulfed the global economy and rocked it to its very core. Yet, for all the economic damage that the financial crisis is credited with causing, the year 2008 in fact marked the genesis of a societal phenomen...
09 February 2017 /regulation /inclusion
Modern atomic clocks tick along much more consistently than the earth manages to rotate around its own axis, which varies due to climatic and geological events. Thus, every so often the global masters of time insert a leap-second in order to align atomic clocks and earth rotation. Unlike changes in winter/summer-time, humans don’t really notice it...
09 February 2017 /regulation
The CME Group just amended rule 574 stating: “All connections to the Globex system, including direct connections of non-clearing members or customers, must be guaranteed by a clearing member that assumes financial responsibility for all activity through the connection. With respect to transactions given up to other clearing members, such guarantee...
08 February 2017 /regulation Financial Services Regulation
A new form of online fraud called transaction laundering (TL) is infecting the medical, pharmaceutical, and financial payment infrastructures. TL is a new way to launder money on the internet, when legitimate merchants process payments, typically using a credit or debit card, on behalf of another merchant. However, credit card brand associations c...
08 February 2017 /payments /regulation
A Lesson in Innovation It’s nearly impossible to discuss the topic of innovation without evoking the name of Tesla Inc. Tesla, which topped Forbes 2015 and 2016 Most Innovative Companies Lists, is widely hailed as the leader in sustainable transport and has a market cap upward of $41 Billion. But, with all of the talk around innovation, original i...
07 February 2017 /payments /regulation
Sufyan Khan Head of Pre Sales / Solution Consulting - Europe at Oracle
In October 2015, the BOE of England (BOE) published details of the 2016 Stress Test Scenario, which formed the basis of the stress tests that were conducted in 2016 to assess the resilience of the UK banking system. Last year’s exercise has been revised and represents the BOE’s first “annual cyclical scenario” (ACS). It models substantial deterior...
06 February 2017 /regulation Financial Services Regulation
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