4192 Results from /regulation
Retired Member
Below we examine most common mistakes in scorecard development, and explain how to use them for most precise borrower rating and segmentation. Scorecards provide a set of weights assigned to characteristics that demonstrate customer’s credit worthiness. With scorecards, customers are evaluated and rated according to their potential probability. You...
19 November 2012 /regulation /retail Financial Risk Management
Trading stood still on more than 200 companies Monday, as a server kept the New York Stock Exchange from publishing quotes for most of the day. Taken alone, this seems like a technical glitch. But combined with earlier problems, such as Knight Capital in August, Facebook in May, BATS in March and other issues this year, the glitch begins to look l...
16 November 2012 /regulation
Gary Wright Analyst at BISS Research
T+2 settlement looks like it’s on its way to a market near you in the next few years and although I accept that in many markets its not much of a problem in some financial instruments in domestic markets, the problems intensify considerably for cross-border investing. It’s not really a Eurozone issue, as we all know that London is the biggest ...
“There’s a tendency to admire the problem” – I heard this at a conference recently and thought that it was a great expression to capture the way we tend to deal with new regulations. FATCA is one of these problems. Even though the deadlines were recently pushed back, there is no time to stand still and look at the view. It’s time for financial inst...
15 November 2012 /regulation
Robert Siciliano Security Analyst at Safr.me
In my line of work I get emails such as this one: “Hi Robert, I’m not sure if you saw what had happened on my Facebook page last night, but someone stole my cell phone while I was at a concert, and posted all of my naked pictures off of my phone and posted them to my wall. They were up there for hours.” Apparently if you are under the age of 40 th...
15 November 2012 /security /regulation
Ever seek out information online and end up somewhere you never meant to go? I’m not talking about some website that didn’t have what you were looking for, I’m talking about a website that you REALLY didn’t want to go to or would never go to. This is the dark side of the Net. Think of it like this: when you drive, you might make take a wrong turn,...
In this article, I focus more on the issues faced with Nota Fiscal for Services when looking at the compliance tasks from an Account Payables point of view. Remember that Service invoices are handled much differently than invoices for goods. Here is a quick overview for background: NF-e for Goods vs NFS-e for Services Goods Oriented NFE Taxes as...
13 November 2012 /regulation Electronic invoicing
Rajneesh Kumar Associate Consultant at Infosys Ltd
Basel III norms are supposed to be implemented in India starting next year in 2013 and will be completed by 2018. In the aftermath of the financial crisis of 2008-09, the Basel Committee on Banking Supervision in 2010-11 came up with the new stringent capital adequacy requirement along with the new counter-cyclical capital buffers. The stringent c...
09 November 2012 /regulation
In October 2012 the (Australian) NSW ICAC published its report INVESTIGATION INTO ALLEGATIONS THAT STAFF FROM A NUMBER OF LOCAL COUNCILS AND OTHER PUBLIC AUTHORITIES ACCEPTED SECRET BENEFITS FROM SUPPLIERS AND THAT STAFF FROM TWO LOCAL COUNCILS FACILITATED PAYMENT OF FALSE INVOICES FROM SUPPLIERS (www.icac.nsw.gov.au). This report made 15 corrupti...
08 November 2012 /regulation Electronic invoicing
A big mistake that financial institutions are still making is using Excel as their reconciliation tool of choice. Research we have carried out suggests that in many of the larger financial institutions over 80% of reconciliations are performed in Excel or other user developed applications (UDAs). The lack of rigorous enterprise-wide tools for ens...
01 November 2012 /regulation
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