4364 Results from /regulation
Shailendra Malik SVP - Tech Delivery (Enterprise Search) at DBS Bank
Those who follow the Fintech Sector closely in Singapore are surely having the time of their life. It’s that time of the year approaching where the craze and euphoria for a particular sector is at its crescendo. Almost reaching the levels of yearly F1 jamboree. Adding to the chaos is the Marquee event announced by Monetary Authority of Singapore in...
15 September 2016 /regulation
Jim Steven Head of Crisis & Breach Response at Experian Consumer Services
With government figures showing that 9 out of 10 organisations suffered some form of a data breach last year, it's a near certainty that it will happen, no matter what the size of the organisation. The impact on larger enterprises can be great in terms of the scale of costs and reputational damage suffered, especially if they attract media attentio...
14 September 2016 /security /regulation
Nigel Farmer Industry Director, Capital Markets at Software AG
The Commodities Futures Trading Commission (CFTC) recently finalized a set of cyber security rules, designed to help safeguard its systems from breaches; but worries about hacking and possible terrorism remain. There have long been concerns that Cyberman-like terrorists or hackers could compromise the world’s financial markets by attacking exchan...
Retired Member
ESMA has defined momentum ignition as a case of prohibited market manipulation. ICE Canada considers this to be disruptive, and so does the CME Group. One UK government report stated that momentum ignition will “induce algorithms to compete with other algorithms, can push prices away from fundamental values.”* This leads us to the question – what...
13 September 2016 /regulation MiFID
“They (the bankers) must die so the banks might live”... A statement I saw published recently in the Wall Street Journal (WSJ) which struck a chord. It is pretty extreme, but its aim was to highlight blinkered management at the highest levels of financial institutions and the reticence to change. The article argued that an absence of IT awareness ...
12 September 2016 /regulation
Nahum Goldmann Partner at BelPay.be
I had published a review of this remarkable book some time back at the American Bankers Association's Journal. I am posting it again here because I believe that it should also be a required reading for the executives of every FinTech startup, whether or not they plan to conduct regulated services or whose services might unexpectedly become regula...
08 September 2016 /regulation /startups Transaction Banking
Carlo R.W. De Meijer Owner and Economist at MIFSA
A new - but important - chapter can be added to the blockchain story. The World Federation of Exchanges , the WFE, recently urgently called for the creation of regulatory sandboxes for distributed ledger technology. This should help industry efforts "to explore and understand the impact of blockchain-based services in the capital markets"...
07 September 2016 /regulation
Regulatory Sandboxes and More Generally regulators and regulations are viewed as things that stifle creativity. In recent years though, regulators in certain jurisdictions have begun to take a different approach to that creativity in the financial services sector. Rather than fighting the tide of start-ups and disruptive financial technology, reg...
MiFID II is putting archiving under the spotlight again as firms come to grips with being able to promptly recreate trades including all conversations, even if the transaction didn’t happen. Archiving today has matured past the demands of email storage as organisations embrace unified communication technology, social media and other messaging too...
07 September 2016 /regulation MiFID
“…necessary to include a power for the relevant competent authority to require mandatory contributions from supervised entities to critical benchmarks in order to preserve the credibility of the benchmark in question.” The systemic importance of financial benchmarks in the global financial structures cannot be emphasised enough. Considered as criti...
02 September 2016 /regulation Financial Services Regulation
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