4421 Results from /regulation
Hugo Cuevas-Mohr CEO at Mohr World Consulting - IMTC Conferences
The announcement Wednesday, April 10th 2013, that one Licensed Money Transmitter, Braz Transfer, was shot down by the Massachusetts Division of Banking (http://1.usa.gov/ZezCTc ) and two other were issued orders of Cease and Desist has been seen by many as a long-time-coming victory in the battle against the Brazillian Parallel Market. The two Cea...
12 April 2013 /payments /regulation
Retired Member
The ongoing Libor scandal is one of the most serious breaches of control in an industry where risk and compliance failures are routinely front page news. At a time when the reputation of the financial industry needs all the support it can get, yet another scandal has shaken the trust that society places in this vital part of our global infrastruct...
12 April 2013 /regulation
Today’s organisations need to be transparent. They need to have quick access to their data so that they can prove in the event of an audit that they are abiding the regulations and mandates demanded of them and others in their global chain. But what is transparency exactly? Simply put, it’s the ability to prove what actions you’re taking; show wh...
11 April 2013 /security /regulation
Michael Galvin Product Manager at Linedata
Every market change provides opportunities for those willing to adapt. Darwinian as that is, it’s often the case that the largest are most reluctant or slowest to adapt. With investors pushing for a higher level of transparency, even the fittest fund managers must change their approach. New fiduciary requirements and the need to immediately acc...
10 April 2013 /regulation
Coming out of the financial crisis the banking industry has found itself under scrutiny with regards to its resilience and questions have been raised about financial institutions’ abilities to weather another storm. How good are your preparations in reality? If you want to know what shape your crisis readiness is really in, you need to start by re-...
As regulatory reforms accelerate from concepts to a tangible reality, the financial sector is now recognising product control as playing a central role in the end-to-end trading process. The lessons from the past are clear. When Lehman Brothers fell in 2008, poor product control was cited as a major factor, so it’s inevitable that this element of ...
09 April 2013 /regulation
Compliance and productivity in retail and investment banking. My colleague Robert Simpson was recently able to bring together a very interesting group of people, to discuss the regulatory environment for financial institutions operating both here and in the US. These included compliance leaders from financial institutions, analysts, broadcasters...
09 April 2013 /regulation /retail
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
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