4169 Results from /regulation
Retired Member
Within the US$1+ trillion global professional services industry, the finance sector has recently looked susceptible to a growing chorus of start-ups looking to strategically rethink finance’s core business models and value propositions. Internet entrepreneurs over the past few years have embarked on a journey to challenge financial services g...
09 August 2011 /regulation /retail Innovation in Financial Services
A curious client recently asked – “Couldn’t financial modeling risk be diminished by introducing a Quality Assurance Review Panel (“QARP”)?” It was a simple, pragmatic question that left me momentarily perplexed. I then enthusiastically responded “I’ll look into it – it could have legs”. And so I researched further. A threshold question is the pr...
09 August 2011 /regulation /retail Internal Auditors in Financial Services
A recent list of the World's Top Tools for Learning is a stark reminder of how rapidly the educational ecosystem has moved beyond the traditional classroom. Most young professionals seem to have readily embraced the ability to learn quickly and interactively, formally and informally, in a real-time environment that was utterly unimaginable only a ...
09 August 2011 /regulation Finance 2.0
Robert Siciliano Security Analyst at Safr.me
You’ve probably heard the phrase “a fox watching the henhouse.” Today, that applies to people on the inside of organizations who work in trusted positions, and who use those positions to steal client or employee information for their own personal gain. As much as 70% of all identity theft is committed by individuals with inside access to organizati...
09 August 2011 /security /regulation
I hear that some dealers are suggesting that they will not become members of CCPs which are not deemed to be robust. This brings some interesting questions to the table. A good start is that dealers have long traded OTC derivatives with non-robust counterparties so why are they concerned now? They took in good collateral, good margin and risk cove...
08 August 2011 /regulation /wholesale
Gold is heading north again this morning. As the dollar weakens and there is a flight to safe-haven “hard” assets, gold has broken through the USD 1,700/oz barrier and continues to rise. Last week precious metals ETFs saw major capital inflows with the biggest – the SPDR Gold Trust – attracting $1.2 bn last week (and $3.7 of inflows over the las...
Gaurav Handa Director Marketing at Oracle Financial Services
It has been said, “Those who fail to learn from history are doomed to repeat it,” and as recent events have demonstrated, many European banks held too little loss-absorbing capital to allow for the risks being run not only in extreme adverse conditions, but in some of the more vanilla activities, as well. The Irish mortgage market is a prime examp...
05 August 2011 /regulation Financial Services Regulation
Brett King CEO & Founder at Moven
The US is enamored with outdated and costly modality that is costing Billions in lost revenue and fraud. While many argue the business case for moving to technology like EMV or NFC is hard to justify, the reality is it is incredibly simple to justify based simply on mathematics around today’s massive cost of fraud. The same goes for those that say...
03 August 2011 /payments /regulation Innovation in Financial Services
In a story that could have come right out of a movie, a widely respected police officer turned out to be a Mexican national who stole an American identity and moved to Alaska to become a cop. I’ll bet Sarah Palin didn’t see this one coming. Fox News reports that the identity thief had been employed as an Anchorage police officer using his assumed ...
29 July 2011 /security /regulation
Elizabeth Lumley Global FinTech Commentator at Girl, Disrupted
Finextra has written before about social media guidlines issued by US regulatory body, Finra - and all its scary Tweet-retention rules. Allen Schoenberg of the CME (@allanschoenberg) re-Tweeted an interesting slide show from Glen Gilmore, adjunct professor of digital marketing & social media law called 'Finra's 10 Commandments of Social Media...
28 July 2011 /regulation /wholesale Social Banks
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