4364 Results from /regulation
Retired Member
At the recent annual Mortgage Strategy Summit I addressed an audience of over 60 industry experts discussing the potential ramifications of CRD IV on the EU mortgage market. I am a born optimist so it was with regret I had to deliver some sobering news about the costs of mortgages going forward. In their relentless attempt to punish bankers, regul...
17 May 2012 /regulation /wholesale
Andy MacLellan, Head of Cloud, Onyx Group How long does your data need to be backed up for? It’s a question most businesses take for granted, working on the assumption their IT department have taken care of things. In the real world, backups are the last job to sort out in a system deployment project and will typically involve using default setti...
16 May 2012 /security /regulation
Analysts, regulators, vendors and financial institutions have been falling over each other touting the benefits of AML (Anti-Money Laundering) and anti-fraud joining forces. And rightfully so. However, many pundits seem to think that this has to be about AML and Fraud departments merging to become a single internal Financial Intelligence Unit (FIU...
14 May 2012 /security /regulation
The Post Trade Forum debate on Are CCPs Increasing Risk? was held at the London Stock Exchange [a couple weeks ago]. Cheers, Gary, for letting me take part in such a fun event! My slides are available to download here: Are CCPs Increasing Risk? Short story is that I see rising risks from mandatory margin of OTC derivatives with CCP fragmentat...
13 May 2012 /regulation Post-Trade Forum
I recall a passionate debate in 2011 with some colleagues on if internationally trusted national passports (sometime in future) will be ever trusted by businesses to allow people access to their premises? Is such a scenario ever possible (as we move to digital passports and additional information on the chip)? More fundamentally, what does this in...
10 May 2012 /security /regulation Business Knowledge for IT
Ronan Brennan CTO at MoneyMate
So what the FATCA is FATCA? Well the Foreign Account Tax Compliance Act to give it the full name treatment is in layman’s terms an attempt by the Internal Revenue Service in the US to stem the loss of tax revenue as a result of US tax citizens attempting to avoid tax liability through investment in foreign investment companies and funds. The IRS ...
08 May 2012 /regulation
Hans Tesselaar Executive Director at BIAN
Merger and acquisition activity in European retail banking is reviving, with talks beginning between La Caixa, the Catalan savings bank, and its smaller competitor, Banca Cívica. These talks have been described as the ‘second wave of Spanish banking consolidation’, following the acquisition of Unnim, the nationalised savings bank, by BBVA, Spain’...
03 May 2012 /regulation /retail
So Goldman Sachs has been slow to embrace social media, is that surprising? Like every decision it’s a matter of weighing up the cost of mitigating the risk versus the benefit. And that’s what I think is interesting about this advertisement. Whilst the financial sector is quick to use technology that provides an immediate benefit, its instinct is t...
03 May 2012 /regulation Social Banks
Gary Wright Analyst at BISS Research
Years ago when the UK markets moved from T+5 to T+3 there was plenty of research about the benefits gained in risk reduction. There was doubt about the actual risk benefits because although there was obviously a reduction in possible default risk and market risks, there was a considerable increase in settlement failures and all the risks a...
01 May 2012 /regulation Post-Trade Forum
Manish Jain industry principal at Infosys Ltd
Central Bank guidelines mandate banks in most countries to run their new customers through Know Your Customer (KYC) checks. However, this has its limitations as the checking is restricted to address, photo identification, income verification, credit history and risk classification. Banks need to look beyond mere KYC compliance and strengthen thei...
01 May 2012 /regulation /retail Financial Risk Management
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