4194 Results from /regulation
Stuart Grant Solutions Manager at SAP
Over the last five years, firms, regulators and shareholders alike have begun to realise the value of data as a necessary means for growth and survival, but also as a clear and present threat to the success of an organisation. During times of volatility, a firm’s ability to understand its position and make consistent, accurate decisions on missio...
13 May 2013 /regulation
Retired Member
I was encouraged to listen to the opening address at last week’s SWIFT Business Forum London where Arun Aggarwal, Managing director, UK & Ireland for SWIFT, talked about Thinking beyond compliance: turning challenges into opportunities. This concept is something I’ve been talking to people about for some time now and was the key theme of my ow...
10 May 2013 /regulation
It’s been almost a decade since my last trade at the crosses desk, but still, the memories and experiences are as fresh as ever. As the adage goes: once a trader, always a trader. I do indulge in the odd trade to keep the art alive. Even today, whenever I get a chance to speak on the subject, I get nostalgic about my trading days. This, despite the...
09 May 2013 /regulation
We all know the business drivers for re-engineering OTC derivatives operations, from the new extensive requirements for central counterparty clearing (CCP) connectivity to the changes in regulated fund mandates such as UCITS III. This exercise doesn’t have to be just a cost centre, driven by requirements to comply with regulatory demand. Why not t...
08 May 2013 /regulation
The proposed Regulation SCI (Systems Compliance and Integrity) from the SEC may require further strengthening, but principles such as mandatory testing of disaster recovery procedures would ensure that financial organisations recognise some of the key weaknesses in their system infrastructures. One of the examples of system failure cited by the ...
08 May 2013 /security /regulation Banking Architecture
It used to be the case that the more complex your trading infrastructure, the larger your IT team needed to be. Systems specialists, networking gurus, database administrators, telephony and IT support were all needed to manage these systems front-to-back, globally. Arguably, things have become even more complex in recent years – multi-asset, multi...
07 May 2013 /regulation
While the original MiFID contributed to a more competitive and integrated financial market in Europe resulting in higher transparency as well as better protection for investors, some market areas were not touched by the regulatory framework. Technological advance, the rise of more complex instruments and the growth of high-frequency trading and da...
Over the past 18 months or so the number of high-profile software failures in our sector have been numerous; Tokyo Stock Exchange, RBS, ICAP, BATS, Knight, LCH Clearnet to name but a few! Only last week a system reconfiguration at CBOE resulted in the suspension of trading for several hours. Despite the enormous financial and reputational impact o...
07 May 2013 /regulation Banking Architecture
Earlier this week BaFin, the German regulator, held a workshop on the German HFT Act. Global market participants gathered in Frankfurt to discuss and better understand the implications of the soon to be passed law. Questions around the definition of HFT, registration as an HFT firm when operating from abroad and the identification of algo orders w...
03 May 2013 /regulation
There has been a lot of debate around the role of SEFs in the global derivatives market. Some commentators are even claiming that the whole concept is dead and buried before the rules have even been finalised. But debating the viability or otherwise of SEFs is completely missing the point. The right question is how will standardised and custom der...
01 May 2013 /regulation
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