4194 Results from /regulation
Retired Member
Interesting last week to see that GFI has applied to the CFTC to become a futures exchange. This follows on from ICAP’s purchase of Plus Markets (now ISDX) and so it surely can’t be too long before the other IDBs follow suit and execute their own regulatory hedges too. What they are worried about is that the regulatory regime around swaps seems to...
08 April 2013 /regulation
As financial crisis looms large, most banks across the globe are showing remarkable alacrity in lapping up the recommendations made in Basel 3 as promulgated by the Basel Committee on Banking supervisions or BCBS. What transpired as an attempt to usher-in reforms in the late 80’s to urge banks to maintain adequate capital and liquidity positions, ...
08 April 2013 /regulation /wholesale
The likes of the RBS IT glitch, PPI mis-selling claims, and the Libor rate-setting scandal have ensured that for some time operational risk has been prominent on the British news agenda. Against this backdrop of issues it seems unsurprising that the Financial Stability Board (FSB) advised that the Basel Committee on Banking Supervision prioritises...
04 April 2013 /regulation
In my last post, we discussed the key issues facing global organizations as the Mexico government continues to implement and push the usage of CFDI. I wanted to expand upon the potential issues facing Procurement and Accounts Payable users and managers as I feel it is an underestimated issue. As discussed, 90% of invoices in Mexico today fall un...
03 April 2013 /regulation Electronic invoicing
With news that ING is to enable elements of banking over Facebook and Chirpify to allow users pay with Facebook comments, it seems that social banking has arrived. How ironic then that most banks are so caught up in regulatory concerns that they themselves don’t take full advantage of social networks, let alone social on mobile devices, to inter...
03 April 2013 /regulation Social Banks
by Kiki Pentheroudaki We have discussed the historic development of automated trading and how regulators are pushing high-frequency traders to become market makers. We now want to look at further ways to regulate automated trading under MiFID II. The impact of high frequency trading (HFT) flow on markets will also see continued attention from mark...
02 April 2013 /regulation
Last week while at a Financials conference I wrote about the “calm before the storm” – basically what will happen when the Mexico tax authority mandates the use of CFDI. As I stated in that blog, more than 90% of all invoices in Mexico are still on a legacy version called CFD, not the version of CFDI which requires real time government validation...
28 March 2013 /regulation Electronic invoicing
Amit Agrawal NA at in transit
In the current scenario banks need to compliance with FATCA, Dodd-Frank, EMIR and MiFID II. And we will not be surprised if we have few more regulations added up sooner or later. Also, they have limited amount of time to compliance with it. With my past experiences, I had realised that major drawback or pull factor for banks not to compliance is d...
27 March 2013 /regulation Financial Services Regulation
by Kiki Pentheroudaki MiFID II is intended to regulate the use of automated trading to ensure a level-playing field for all market participants. In a two-part overview we will provide you with insight into how regulators are thinking. Part one focuses on the history of automated trading and MiFID’s proposals around market-making for high-frequen...
26 March 2013 /regulation
Martin Bailey Technology Product Director at Temenos
When my dad wanted to underline something as especially true, he would use the phrase "you can take that to the bank." If someone wanted to underline the chances of something making money, they would say "as good as money in the bank". Both these phrases stem from the bank's reputation for safety. In the good old days, banks we...
26 March 2013 /regulation /retail Transaction Banking
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