4484 Results from /regulation
Retired Member
OTC Clearing: part 1 Just three years ago the G20 leaders agreed upon a common course to regulate the financial markets, with focus on standardising OTC derivatives. In that time regulators have created the largest reform packages since the dawn of modern financial history including Dodd-Frank and the European Market Infrastructure Regulation (EMI...
04 September 2012 /regulation
Decision automation systems without IT involvement are moving from the frontiers of innovative thinking to a mainstream necessity. This manifests the current “innovate or stagnate” approach in the financial services industry. This article describes potential drawbacks and shows what to keep in mind during technological changes. The most common cha...
03 September 2012 /regulation /retail Financial Risk Management
Volatility in global markets, and in particular, the debt crisis in the eurozone has placed many corporations at greater risk, and in particular FX risk. “Vulnerability to Volatility Risk – a Global Challenge,” a survey conducted by the Economist Intelligence Unit, concluded that a majority of bankers, insurers and asset managers, as well as finan...
28 August 2012 /regulation /sibos
Jay Kavala Director- Product Management Clari5 at CustomerXPs Software Private Limited
Who is liable for the lost funds when fraud happens in a customer’s bank account through the illegitimate access/use of ATM or internet banking or mobile banking? Answer to the question depends on the country in which the account is being operated. Currently, in India, the liability equation is completely skewed in favor of the bank. Customer is r...
28 August 2012 /regulation /retail
Robert Siciliano Security Analyst at Safr.me
Scammers tend to follow an editorial calendar much like journalists do. For example when the holiday season is coming journalists often write about bargains to be had while scammers use the season as an opportunity to try and entice users with deals that are “too good to be true.” This same practice is also used for high-value news items such as a...
28 August 2012 /security /regulation
Last week I argued that regulators need to get proactive if they are to reduce situations similar to that which engulfed Standard Chartered and those that are now threatening other major banks; in practice, something that is much easier said than done. In fairness to the banks, they are faced with huge compliance demands due to thousands of countr...
22 August 2012 /regulation /retail
Marc Murphy CEO at Fenergo
As we near summer’s end, many of us will be experiencing that old familiar “back to school” feeling, as we refocus our thoughts and plans towards the forthcoming term. In financial services, the focus will be very much on the imminent finalisation and arrival of new regulations – particularly FATCA. It’s true to say that most foreign financial ins...
22 August 2012 /regulation Data Management 101
Contactless payment, also known as NFC, or near field communication, is a technology that allows electronic devices to communicate wirelessly. In the case of a mobile wallet application, those devices would typically be a mobile phone and a point of sale terminal at a checkout counter. (NFC has other uses beyond credit card transactions: it can in...
21 August 2012 /security /regulation
Frequent fliers accustomed to traveling internationally for business are helping drive demand for EMV cards within the United States. Business travelers who have found it increasingly difficult to use their magnetic stripe cards while abroad are now requesting that American banks provide EMV, or chip and PIN cards, which are used more commonly in ...
Elizabeth Lumley Global FinTech Commentator at Girl, Disrupted
My husband's copy of British *adult* comic magazine Viz landed on our doorstep this weekend. (Whatcha gonna do? - at least he's not into football) In it is a wonderful two-page spread called 'Bankers! True-Life Heroes of our World' (Next week Somali Pirates) (I'd show you the comic but 1. copyright issues yadda yadda yadda and 2. while we are not a...
20 August 2012 /regulation Whatever...
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