4466 Results from /regulation
Robert Siciliano Security Analyst at Safr.me
According to a recent report from Verizon, data breaches are on the rise. There were 760 data breaches recorded in 2010, compared to 140 breaches in 2009. However, there were approximately four million records stolen in 2010, as opposed to 144 million stolen in 2009. This means there were fewer large-scale data breaches compromised of multimillion...
02 July 2011 /security /regulation
Retired Member
So why on earth should I be rambling on about commodities on a FinTech web site? Well I believe that commodity market are a core asset class now for our leading banks and will become increasingly so over the coming years: Morgan Stanley recently put up a list of its competitive strengths at a banking conference, commodities was at the top of the...
01 July 2011 /regulation /wholesale
The European Commission last week announced plans to widen the scope of current EU legislation for the protection of personal data to make it mandatory for all companies that store data on consumers to report data security breaches. If these proposals go through, banks that do not already have a thorough data protection policy in place could be hi...
01 July 2011 /security /regulation
Angus Stewart CEO at www.e-solutions.uk.com
Possibly illegal, certainly immoral – Do insurance companies need to look again at their role in escalating premiums? The recent revelations by former Justice Secretary Jack Straw that he has been advised by senior executives within the car insurance industry that they receive “referral fees” from no win no fee personal accident legal firms is, in ...
29 June 2011 /security /regulation
The proposed surcharges I mentioned last week are on the books. The surcharges, between 1 percent and 2.5 percent of risk-adjusted assets, are meant to protect banks from themselves in the case of another financial crisis. "The surcharge comes on top of the worldwide Basel III minimum of 7 percent set last year for all banks," according ...
28 June 2011 /regulation
Something is better than nothing, at least according to the U.S. Securities and Exchange Commission. All of the nation’s exchanges may soon install a circuit breaker for each domestic stock, now that the SEC last week expanded measures to avert another flash crash. A trading algorithm run amok caused the flash crash, casting a dark and enduring ...
It appears that someone took the side of the underdog when NATO somewhat foolishly chose poor words in a report where 'infiltration & persecution' were the recipe for hurt feelings. Besides the fact that 'persecution' is specifically prohibited by the UN, NATO, in a glaring show of their Freudian slip chose the wrong words, which resulted in t...
28 June 2011 /security /regulation Whatever...
Nikhil Mittal Financial Crimes Consultant at Wells Fargo
My first few days of stay in one of the worlds most developed economies USA, has made me think in a lot of different directions related to the methodical ways of doing things here. It feels like a CMM Level 5 country with so many processes / methods to do things and everything well organised and recorded in all facets of day to day life, not to me...
27 June 2011 /regulation Innovation in Financial Services
Earlier this month the Financial Times reported that UK market regulators fined a commodities broker for “market abuse” for the first time—a sign that the Financial Services Authority is cracking down on price manipulation. (http://on.ft.com/iuSz1S) In the US, the banking industry has been captivated by last month’s prosecution of Raj Rajaratnam of...
25 June 2011 /regulation Financial Services Regulation
I have just been reading the new guidance provided by the PCI SSC on Virtualisation. This document has been long anticipated, having been pre - announced at the PCI SSC User Forum back in October 2010. The document includes advice for local virtualised servers and environments as well as advice for those merchants considering a wholesale switch t...
23 June 2011 /security /regulation Information Security
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