4456 Results from /regulation
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
Retired Member
The last couple of weeks have seen UK newspapers filled with stories over UK Government plans to expand its monitoring activities to include email and social media. The two extreme ends of the point of view being it’s either the only way to stop criminal activity or one step away from a draconian privacy invasion something a kin to 1984. Neither e...
30 April 2012 /security /regulation
Robert Siciliano Security Analyst at Safr.me
Hacking a business Twitter account seems to be a favorite pastime for those wanting some kind of retribution and for others it’s just plain fun. Once the businesses Twitter account is hacked their reputation is sullied making them look like they aren’t protecting their client’s data either. In the past year NBC, Fox News, USA Today and a CNN anch...
Charges on corporate credit cards can often go unnoticed even when employees are submitting expense reports. Especially if the charges are small. The Federal Trade Commission filed a lawsuit describing a criminal enterprise responsible for “micro charges,” fraudulent charges ranging from 20 cents to $10, to as many as one million credit cards since...
27 April 2012 /security /regulation
In Part I of my Risk-based Collections blog series, I described the differences between Judgmental and Statistical Scoring models. In Part II, I discussed which scores are best for managing existing credit lines. In Part III, I will describe which scores are best for new application credit risk evaluation. One of the best uses of generic scores...
27 April 2012 /regulation Treasury Management
“The financial service industry has an image problem,”market information and strategies magazine Financial Advisor wrote after last week’s SIFMA Private Client Conference. “Earning back trust was a common theme during the one-day conference.” There was optimism as well, with talk of nobility in financial services, increasing the “standard of care”...
27 April 2012 /regulation
Ronan Brennan CTO at MoneyMate
This is taken from a series of blogs on various regulation themes that are occupying the minds of asset managers and fund administrators globally. While Solvency II is of European origin, it has global implications, and while it’s primarily targeted at the insurance industry, it has ramifications that reverberate deeply into the global asset manag...
26 April 2012 /regulation
Who owns my data and where it is? Google has a lot of info about me, banks and insurance agents have it too, credit card companies carry a lot of payment data about me plus several other companies and administational organisations. What if some of the data is out of date but based on this data my insurance is determined without telling me where da...
25 April 2012 /regulation Transaction Banking
Stolen phones are a big problem here in the US. Many are stolen in robberies. Robberies are, by definition, violent crimes, and there are many instances of robberies of mobile phones that resulted in serious injury or even death. TechNewsWorld reports “Ten years ago, mobile phone thefts accounted for about 8% of New York City’s overall robbery case...
25 April 2012 /security /regulation
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