4170 Results from /regulation
Retired Member
FATCA is on everyone’s minds right now, with many financial institutions trying to figure out cost-effective and efficient ways to comply with this new IRS-driven regulation. However, it is important to remember that FATCA is not the only regulation. In fact, it’s only one of many similar regulations that are expected to descend on financial insti...
18 September 2012 /regulation Financial Services Regulation
In today’s connected world it is critical that all transactions are running as efficiently as possible, and for organisations such as banks, ensuring any cash and payment services are working at all times is vital. Over the last nine months we have seen many technical slip ups which have cost banks a fortune in damaged reputation – granted some hav...
17 September 2012 /regulation
Obine Adoh Managing Consultant at Deitec Global Solutions Ltd
The case of data theft at Julius Baer is a stark reminder of the need to protect confidential information from being exploited by employees. On the whole, banks trust their employees. However once they have successfully passed security checks granting them access to confidential information, the trust initially granted could become misplaced, sho...
14 September 2012 /security /regulation
Martin Bailey Technology Product Director at Temenos
I'm not, by nature, a suspicious man. But whenever I receive an unsolicited email from an institution with which I hold any kind of account, I resist the convenient temptation of clicking on the link in the email. I always go to my browser and type the address in myself - it's the only way to be sure. I assumed that everyone else did the same, but...
11 September 2012 /security /regulation Online Banking
The world of Financial Services is at a serious crossroads. Whilst many in the Finance profession sniggered at the recent motivations and methods of the worldwide “Occupy Wall Street” movement – a deeper, more subtle Financial Services industry transformation may already be underway that might well validate their sentiments over the coming decade...
11 September 2012 /regulation Finance 2.0
OTC Clearing: part 2 “[…] The financial crisis that began in 2007 had its origins precisely in over-complex regulation.” These are the wise words of Niall Ferguson, Professor of History at Harvard, speaking at this year’s BBC Reith Lectures. He goes on to cite Dodd-Frank as a near-perfect example of excessive complexity in legislation. Those of you...
11 September 2012 /regulation
OTC Clearing: part 1 Just three years ago the G20 leaders agreed upon a common course to regulate the financial markets, with focus on standardising OTC derivatives. In that time regulators have created the largest reform packages since the dawn of modern financial history including Dodd-Frank and the European Market Infrastructure Regulation (EMI...
04 September 2012 /regulation
Decision automation systems without IT involvement are moving from the frontiers of innovative thinking to a mainstream necessity. This manifests the current “innovate or stagnate” approach in the financial services industry. This article describes potential drawbacks and shows what to keep in mind during technological changes. The most common cha...
03 September 2012 /regulation /retail Financial Risk Management
Volatility in global markets, and in particular, the debt crisis in the eurozone has placed many corporations at greater risk, and in particular FX risk. “Vulnerability to Volatility Risk – a Global Challenge,” a survey conducted by the Economist Intelligence Unit, concluded that a majority of bankers, insurers and asset managers, as well as finan...
28 August 2012 /regulation /sibos
Jay Kavala Director- Product Management Clari5 at CustomerXPs Software Private Limited
Who is liable for the lost funds when fraud happens in a customer’s bank account through the illegitimate access/use of ATM or internet banking or mobile banking? Answer to the question depends on the country in which the account is being operated. Currently, in India, the liability equation is completely skewed in favor of the bank. Customer is r...
28 August 2012 /regulation /retail
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