4195 Results from /regulation
Bernd Richter SVP - FIS Impact Ventures at FIS
Recovery and resolution planning (RRP) - yet more valuable resource diverted to compliance? Or can it be a source of deep structural understanding and competitive differentiation? To date, some 39 separate financial institutions have been the subject of EBA stipulations to comply and provide an RRP by the end of the year. With first deadlines loom...
13 June 2013 /regulation
Retired Member
Paper turn-off-still a challenge Getting customers to turn off paper is proving to be more difficult than anticipated. Online banking has evolved tremendously from RBS' Homelink in 1983 to what is now a techno frenzy of IB and apps. However, the idea of managing all your money online has still only convinced an average of 24% of people across FS ...
13 June 2013 /security /regulation
Nahum Goldmann Partner at BelPay.be
http://money.cnn.com/2013/06/11/news/world/bank-error-napping/index.html Speaking of transaction banking and exception management, a bank clerk nodded off for a second while processing a transfer request and held down the number 2 on his keyboard, changing the amount from 62.40 Euros to 222, 222, 222.22 Euros, according to testimony before a Germa...
13 June 2013 /payments /regulation Transaction Banking
MiFID, the mother of all European financial regulation, rumbles on and on. The European Commission’s MiFID IIconsultation in 2011, the Ferber Report in March 2012, and the European Parliament vote in October 2012 were all highly anticipated and widely reported on. But despite the fact that the Council of Ministers has published more than 20 differ...
10 June 2013 /regulation /wholesale
Equilibrium of front office efficiency and control is important to avoid risks and losses. But the raison d’être of portfolio managers and traders alike is ultimately to grow assets and make money for the firm. How can front-office staff be effectively supported in this quest while keeping regulators satisfied and being compliant? The truth is tha...
07 June 2013 /regulation
Data security is something most of us would prefer to leave to the experts. All we want to know is that our compliance boxes are ticked and no nasty surprises are waiting for us. So, what is your mental image of data? A large Excel spreadsheet; lots of ones and zeros like in the movie 'The Matrix'; or how about a large cork notice board with lists ...
06 June 2013 /security /regulation
With the announcment on May 31, 2013 of the updates to einvoicing in Mexico, there is a huge amount of interest - yet one potential failing of many companies. CFD is sunset, there are no "grandfather" clauses in the updates. Many organizations have been lulled into a peaceful sleep with the older knowledge that the government would still ...
04 June 2013 /regulation Electronic invoicing
Renewed growth in the asset management industry has led to the discovery of a latent problem. Rising volumes, operational complexity and demanding regulatory compliance requirements can expose weaknesses in key processes and controls when it comes to the handling of client monies, valuation of client assets and the management of liquidity. This is...
04 June 2013 /regulation
Anne Plested Regulation at ION Markets
The latest published version of MiFIR is narrowing waivers, while widening its impact. Specifically, it has added a double cap limit to the pre-trade transparency reference price waiver. Limitations that may apply to the 4 existing waivers continue to evolve even as the Irish presidency of the Council of the European Union enters its final month b...
03 June 2013 /regulation
Today, May 31, 2013, the Mexico SAT, their governmental tax agency, announced the mandatory transition of all invoices, for companies generating more than 250,000 pesos in revenue annually, to an electronic process known as CFDI. With nearly 500,000 organizations potentially having to switch by the end of 2013, there will be a mad rush to identify...
31 May 2013 /regulation Electronic invoicing
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