4195 Results from /regulation
Retired Member
The industry needs to start thinking about data differently. If you want to get the best possible outcome from your transformation programme, you need to pay adequate attention to your organisational data. Banks' data is the blood in their veins. It's the key ingredient of everything they do. Yet, data is often neglected. When it comes to new archi...
01 December 2015 /regulation
Tis the season to be jolly, and with big retail events like Black Friday and Cyber Monday, the Christmas season is also becoming an increasingly online experience. This also means there are a host of seasonal hackers looking to take advantage of others’ goodwill over the coming months. As we start doing more and more shopping online, often letting...
01 December 2015 /security /regulation
Many people in the market seem to have a misunderstanding about what ISINs (International Securities Identification Numbers) are, how they work and what they can be used for. That misunderstanding has now become critically important because ESMA has decided to recommend to the European Commission and the European Parliament that the use of ISINs ...
Mobile payments is the next “big thing” for consumers. But how can we keep it from becoming so for hackers as well? As our “always on” culture moves from good old plastic and chip cards to mobile phones, where data and software are more vulnerable to hackers, how do we maintain trust without eliminating utility? According to Verizon’s Data Breach ...
30 November 2015 /security /regulation Innovation in Financial Services
Week by week there are stories of renewed cyber-attacks, such as the theft of customers’ personal details from TalkTalk. The simple and fundamental truth is that businesses and governments must get their systems in a state of combat readiness or risk being exposed by cyber-criminals. As hackers become more sophisticated, banks are seeking ways to ...
27 November 2015 /security /regulation
Not surprising to see that it now looks odds-on that we’ll get a full one year delay on the implementation of MiFID 2. This will embarrass the politicians who don’t want to be seen as going soft on those “wreckless” bankers, but I assume Jo Public will have forgotten all about this by the time they’re up for re-election in 2019. It’s worth bearing...
25 November 2015 /regulation
Neil Crammond risk education & real time market abuse at DIVENTO FINANCIALS
Recent court cases involving Navinder Sarao and Mike Corscia - along with Barclays $150 million spoofing fine - are very clear examples of a system refusing to react to manipulations even when they have the tools available to do so. Head of CME Terry Duffy said: "We need to get the facts from the case. This is a first trial-by-jury-case."...
24 November 2015 /regulation
On your marks, get set … We’re all aware of the pressures: Banks need to provide regulators with consistent answers for each requirement or report. A unified view of risk and finance data is the only workable answer. It’s tempting to go with the fastest and simplest point and open-source solutions – they’re budget-friendly, and you’ll quickly matc...
These days I hear from many people who work in the regulatory compliance world that they are very busy people, working very long hours, their time being consumed with a number of competing and complex priorities. I will be posting a second blog next week outlining a holistic view to tackling these priorities. Though first I aim to analyse just exa...
23 November 2015 /regulation
Ivy Schmerken Editorial Director at FlexTrade Systems
The US ecosystem for swap execution facilities continues to evolve, but not as rapidly as regulators and lawmakers anticipated. Despite the shift to electronic trading, some observers question if swaps trading has reached a new equilibrium. The vision of a buy-side trader sitting in front of a screen with the ability to anonymously click on stream...
19 November 2015 /regulation
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