4452 Results from /regulation
Retired Member
$30,000,000,000,000 - This huge figure is the estimated additional liquidity financial institutions worldwide will need if the current proposal by the International Organisation of Securities Commissions (IOSCO) and the Basel Committee on Banking Supervision (BCBS) on margin requirements for non-centrally-cleared derivatives were to be implemented....
23 October 2012 /regulation
The FATCA introduction date (1st January 2013) is looming large and focusing the attention of financial institutions on what needs to be done. From my conversations with several financial institutions over the last few weeks, it’s clear that they are busy analysing the IGA or ‘full-fat’ FATCA agreements (depending on their location) and trying to ...
22 October 2012 /regulation /wholesale Data Management 101
It is no surprise to hear card fraud continues to rise in every country around the globe, according to the survey published by ACI. With the never-ending fraudulent assault on your customers, how do you keep them happy? As the ACI report states, fraud isn’t just about the financial loss to the bank, it’s more than that; it actually undermines the ...
18 October 2012 /regulation /retail
Gary Wright Analyst at BISS Research
Since LIBOR broke into media frenzy territory the noise around ratings has gone pretty quiet. Although we have seen the appointment of Kevin Milne one of the City’s best assets by RVS the Singaporean headquartered Rate Validation Services benchmarking company and we have had Martin Wheatley the UKs regulatory great hope, if not quite yet saviour, ...
18 October 2012 /regulation MiFID
At a City forum yesterday a representative from the FSA presented the seventeen definitions behind the operational risk management principles, which financial services firms are expected to practice to prevent rogue trading and other fraudulent activities. I could not help noticing that the word ‘limit’ was used frugally. It was in fact only used o...
17 October 2012 /regulation MiFID
One of the mandates of the 2009 G20 summit was to ensure the electronic trading and central clearing of standardised OTC derivatives. OTC or ‘over-the-counter’ is seen as the antonym to exchange-traded or ‘listed’ in most literature. Now, global regulators seem intent on removing OTC from the trading landscape. Shifting bilateral OTC activity onto...
16 October 2012 /regulation
Most market experts agree that putting OTC into central clearing is a bad idea born from good intentions, but terrible knowledge of market operations and how to reduce risks. To the politician and the regulator its simples! CCPs operated extraordinary well during the height of the financial crisis and prevented the complete breakdown of global mark...
16 October 2012 /regulation EBAday
Richard Chapman Head of Strategy at SunGard
The operational maturity of a financial institution determines its ability to effectively process the accounting, cash flows, trading and transactional activity that supports its core business with the least associated cost and minimum risk. Today, reconciliation and system validation play a key role in a financial institution’s journey to operati...
16 October 2012 /regulation /sibos
Robert Siciliano Security Analyst at Safr.me
Contactless technology offers many benefits, including faster and easier transactions, versatility to be incorporated into various personal devices including mobile phones, and improved data security over the magnetic stripe technology. According to the Smart Card Alliance, “Contactless smart card technology includes strong security features optimi...
15 October 2012 /security /regulation
Ring-fencing is never out of the news long at the moment, and the recently published Liikanen report, an EU-commissioned report on European banking, has now defined its version of implementation. It recommends that investment bank trading activities are placed in a separate legal entity from their retail banking activities; that this separate leg...
12 October 2012 /regulation /retail
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