4435 Results from /regulation
Henry Hilska Managing Principal at Convexity Solutions
Data Privacy regulations increase challenges for bank KYC and AML programs Financial services organizations are under increasing pressure from regulators to focus on KYC and client due diligence. This pressure is exhibited in the form of fines and penalties that have been levied upon numerous banks and other organizations for lax procedures. Due...
02 December 2016 /regulation /retail Financial Services Regulation
Retired Member
One solution to protecting financial data is simply to treat all data as sensitive. This would avoid the complicated work of developing and implementing complex data aggregation tools and procedures. However, this all-or-nothing approach would lead to unnecessarily large data storage requirements, especially in large firms. If a firm has global lo...
01 December 2016 /regulation Innovation in Financial Services
You don’t need to be an actuary to notice the correlation between the growth of ecommerce and the evolution of online merchant-based payment fraud. This is due two main factors: The first is the proliferation of Do It Yourself websites. These let merchants get their websites looking professional and legitimate in just a few clicks. All they have t...
01 December 2016 /payments /regulation
I may be old, but I’m hoping that at least I’m getting some wisdom out of my experience. The MacroTourist recently wrote about the potential for a bubble in fixed income and why you just can’t know. Bollocks! I’m not English. And it may seem that I disagree with The MacroTourist (I highly recommend the blog) about the bond bubble. I do not. Instea...
01 December 2016 /regulation
Global harmonisation of financial regulation is high on the wish list of many trading firms and, in one sense at least, the regulators in Europe and the US are pretty well harmonised. Both have a tendency to publish long-awaited documents right before major holidays. Last week we saw another example of the regulation ‘holiday effect’ with the CFTC...
29 November 2016 /regulation /wholesale
As we edge ever-closer to MiFID II implementation, the position limits debate is once again underway in Europe. Under the new rules the UK regulator is required to impose position limits on all commodity derivatives listed on UK trading venues. In its Consultation Paper the FCA states: “The aim of the new regime governing commodity derivatives trad...
28 November 2016 /regulation
Ivy Schmerken Editorial Director at FlexTrade Systems
With stricter regulations, capital constraints and technology costs impacting the sell side, large brokers are rationing their services and this trend is being felt on equity trading desks. Brokers are catering to the biggest institutions, while medium and small asset managers feel neglected, according to a recent TabbFORUM webinar based on the f
21 November 2016 /regulation
Where a data gap exists, social media and other alternative data sources can open the door to previously excluded potential customers. How realistic is it to close the door on its use? Earlier this month, Facebook blocked Admiral car insurance’s plans to use young drivers’ posts and ‘likes’ to influence their insurance quotes. The Facebook user wo...
At the forefront of Regulation AT has been a discussion on CFTC access to source code. That issue has been fought with strong opinions on both side of the argument. Regardless of any regulations, what are the ethical constraints that we in the electronic trading community should hold ourselves to? What rules should we apply to our activities even ...
21 November 2016 /regulation MiFID
Charmaine Oak Co-Founder/Director at Shift Thought Ltd
Both openness and certainty are important to establishing what is termed as an “enabling” financial services(FS) regulatory environment. Firstly, what is an enabling regulatory environment? Just as plants would struggle to grow and survive without the right soil, climate and care, businesses too require the right mix to grow and thrive. For familie...
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