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Digital assets include: entertainment files (e.g. music downloads), personal memories (e.g. photographs), personal communications (e.g. emails), personal records (e.g. health, financial, insurance), a...
Basel III, CRDIV, European Union Crisis: The "malediction" of the new banking regulations. In October 2010 at the Seoul Summit, the G20 Leaders committed to the adoption and full implementat...
Big banks lost more ground this week when a report by international regulators found that higher capital requirements would not drastically impair growth. The Bank for International Settlements in Bas...
So, now we all know the dirty little secret at the heart of the latest alleged 'rogue trader' scandal at UBS. Risk management was ignored. Well, knock me down with a slide ruler. Now, I wrote a rathe...
When we were at Sibos we enjoyed a team dinner in a local restaurant. As the topics of the day were mulled over somewhere up popped a contentious question "If the Greeks default, and Greece dis...
Motivated by years of recession or a few terrifying minutes of market depression, last week was exciting for remedial action by regulatory authorities. Large financial institutions are looking at high...
In 1990, when only the government and a number of universities were using the Internet, there were 357 unique pieces of malware. The need for security began with desktop computing when the only means ...
There’s no way around it – EMV transition planning will be complicated. However, while EMV is a complex specification, the good news is that it can grow over time. Thus the key is to implement an infr...
Outsourcing collateral management appears to be an odd thing to do. Why would financial institutions outsource such a fundamental part of their operations? Bank of New York Mellon is the largest suppl...
Back-and-forth, side-to-side. The “limit up-limit down” measure of preventing another Flash Crash is down one minute and back up the next. It seems to be back up at the moment, after financial service...
The UBS rogue trader has once again brought risk to the forefront of banks thinking. No doubt the usual hand wringing, system reviews and updates will be the response to the anticipated regulatory cra...
What a difference US$2.3 billion makes. The CEO of UBS could have been enjoying the Singapore Formula One Grand Prix this weekend. Instead, Oswald Grübel, the chief executive of a sponsor for racing’s...