4194 Results from /regulation
Retired Member
The global financial crisis drew attention to the serious risk that the over-the-counter (OTC) derivatives market presented to the broader economy. Following the financial crisis, regulators across the world made concerted efforts to improve the transparency and risks associated with the OTC derivatives market. The challenge has been to balance t...
01 February 2013 /regulation
David Csiki Managing Director at INDATA
A recent survey from a buy-side consulting firm revealed that investment management firms are as focused on client initiatives as they are on upcoming regulatory change. This make complete sense as, in fact, the two go hand in hand. Increased transparency is a byproduct of improving a firm’s regulatory and compliance capabilities. That’s where...
31 January 2013 /regulation
Michel Barnier, the EU commissioner heading up regulatory reform of European banks, has this week signalled that Brussels is set to think twice on ringfencing. Apparently, EU officials are working on a “precise impact analysis” of the Liikanen report. The principle recommendation of the report is that banks’ trading activities should be tightly cor...
Alistair Kelman barrister and forensic computing expert at Self employed
In October 2011 amid a blaze of publicity H.P., a company which mainly produces hardware and devices like inkjet and laser printers, announced it had agreed to pay $11.1 bn for Autonomy, a UK company that produced sophisticated software. Dr Mike Lynch the CEO of Autonomy, said the deal had opened a “fascinating new chapter” for his company as part...
31 January 2013 /security /regulation
Marc Murphy CEO at Fenergo
What a difference a week makes! Since the announcement of the final regulations, it seems that every financial institution has just hit the accelerator button on their FATCA programmes. As a result, we’ve been powering through presentations and demonstrations on how our FATCA solutions work in practice. As part of this, I’ve been giving more tho
28 January 2013 /regulation /wholesale
Great article in FundFire assessing the state of compliance and employment opportunities for those with compliance experience. Among the key points made are that compliance is more important than ever and the fact that, with Dodd-Frank, many of the rules have yet to be written, let alone implemented, for asset management firms. The author also su...
22 January 2013 /regulation
If I was a Financial Director of a medium to large sized business there should be some alarm bells going off right now concerning moving to mobile devices. Especially if you have invested a huge sum of money on SAP, looking beyond FI/CO modules, any mobile initiative by the company could make large parts of the SAP system redundant for hours on en...
21 January 2013 /security /regulation Innovation in Financial Services
The FATCA regulations have been widely tipped to be arriving very soon. However, multiple date changes so far for final FATCA regulations have created a huge amount of uncertainty in the market, which has contributed to making it increasingly difficult for financial institutions to map out product/project timeframes. Nevertheless, even in the abse...
17 January 2013 /regulation /wholesale Data Management 101
Because Dodd-Frank and MiFID are getting most attention on the compliance front from the financial markets community, that doesn’t mean that every country is doing what the USA and EU are doing or planning. One example is around the recording of dealings with customers. While the retail banking and payments sectors are looking at how they can res...
16 January 2013 /regulation
January is always a difficult month, with many workers returning after a long Christmas break to hundreds of emails and the stress of the new business season. The financial sector faces no exception to this and is probably the industry that will be suffering the most in the coming weeks. To ensure all work is completed on time and to a good standa...
16 January 2013 /security /regulation
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