4452 Results from /regulation
Retired Member
It’s all about future-proofing the bank’s risk and compliance. The recent credit crisis has underscored the importance of proactive risk mitigation for banks. Banks need to first effectively and efficiently identify the potential risks associated with each and every banking process and then measure the same. Every process, operation and service pe...
25 March 2013 /regulation /retail
As I was preparing to leave for a Financials conference on Monday of this week, I was welcomed by the transition into Spring. And in Atlanta, this means thunderstorms and flight delays. There is always a strange moment in the south that precedes most any thunderstorm -- a quiet calm. And then all of a sudden, the wind picks up and the rain pours....
21 March 2013 /regulation Electronic invoicing
Part 2 - A new approach is needed In the first part of my series of blog posts, I have analysed how Master Data Management can help financial institutions to extract the information hidden as “unstructured data” in their legal agreements. In this part I will talk about how a new approach to enterprise content management (ECM) supports Master Data ...
20 March 2013 /security /regulation XBRL Discussion Group
Part 1 – From 'war room' to Master Data Management I want to start my blog with a series of posts that analyse how modern enterprise content management systems can help the Financial Service Industry to stay on top of its information 'War room' The 2008 credit crisis highlighted the importance of global financial institutions being able to manage ...
Despite initial fears over cloud computing, the financial sector is warming to the idea of migrating applications from a physical environment to a virtual one. It’s no surprise to see that the popularity of cloud is rising amongst the industry, especially with the likes of Barclays announcing that they have cut IT expenses by 90% as a result of cl...
19 March 2013 /regulation
An outlook of the shadow banking industry By Jennifer Liu and Brian Lum Shying away from the spotlight briefly, shadow banking has come back to the top of regulators’ agenda. At the World Economic Forum in Davos, Switzerland this year, Mark Carney, chair of the Financial Stability Board (FSB), reminded the audience that central bankers will finall...
A brief history of shadow banking By Jennifer Liu and Brian Lum Shadow banking has been on Mark Carney’s mind for a while. Since his appointment as chair of the Financial Stability Board (FSB) in November 2011, the governor of Bank of Canada was given a number of tasks by the leaders of the Group of 20 large economies to spearhead global banking r...
13 March 2013 /regulation
With ESMA’s (European Securities and Markets Authority) regulatory technical standards (RTS) codifying the European Market Infrastructure Regulation (EMIR) into an applicable set of rules entering into force on 15 March 2013, the implementation timeline for EMIR has now become much clearer. The CCP registration process Under EMIR CCPs apply for a...
12 March 2013 /regulation
David Divitt Senior Fraud Product Manager at VocaLink
In the past, risk and fraud systems were managed separately, by different teams with different strategies and objectives. It’s been that way for many years, but we’re now starting to see a softening of the boundaries, especially at PSPs and merchant acquirers. Many of these firms are pioneering the drive to bring together risk and fraud into one co...
11 March 2013 /security /regulation
Neil Crammond risk education & real time market abuse at DIVENTO FINANCIALS
Since regulators have issued £££ millions of fines to our guilty libor traders I have struggled to find where these monies finish up ? The reason behind this quandary is simple ; because FSA 2012 budget was only £126 million , i was hoping the majority of these fines would of been released back to the regulator to catch more ...
11 March 2013 /regulation
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