4231 Results from /regulation
Sriram Natarajan Risk Dog at Credit Risk Fraud Cards Professional
Amongst all the snowfall and avalanche of layoffs and closures, I found a real intriguing nugget of a news item. The Executive Director of UNODC claims in an interview that some banks have been 'kept afloat' by drug money flowing into the financial system. See this news link here - http://www.fin24.com/articles/default/display_article.aspx?Nav=ns&...
03 February 2009 /security /regulation
Retired Member
I read with obvious interest and evaluation, many news articles currently reporting the upward and accelerating trend of fraud losses across industry sectors, types of fraud perpetrated, and delivery channels exposed to such risks - but one key statistic always seems to be missing, when exactly did these loans actually originate? As the credit squ...
02 February 2009 /regulation
I thought I'd do a quick rap-up of some of the 'fun' things done by hackers in the past year. The most fun one is the car navigation system. The one you rent at the airport when you get to some country where you have no idea of the landscape and couldn't hope to find your way anywhere without the sattelite navigation system you insist upon when yo...
01 February 2009 /security /regulation Whatever...
This is probably never going to gain traction, but I wonder whether we should really be thanking the US for triggering the financial crisis... My reason for saying this is that, at least by doing so, they called a halt to the process of adding to the ever-growing pile of debt, both good and bad, before it became even more unsustainable. If the who...
28 January 2009 /regulation Transaction Banking
I'm sure it's okay really, and that it's just my lack of knowledge about the detail, but a conversation the other day meant I couldn't help wondering about the level of security we get with card readers, and there seems to be such a proliferation of them now. A friend of mine is now the 'proud' owner of four of the devices, sent to him by a number...
26 January 2009 /regulation Online Banking
Just in case your attention is elsewhere this Wednesday.... Would not want you to miss the 3rd Council of Europe Data Protection Day on Wed 28th January 2009 (what happened on the other two?) relating to everything from EU initiatives to the nitty-gritty such as my personal area of interest, document metadata removal. A timely blog last week from ...
26 January 2009 /security /regulation Information Security
Gary Wright Analyst at BISS Research
Its normal practice for financial services firms to immediately cut costs and budgets when a financial crisis hits. In my time working in banking I can remember on many occasions when some form of crisis appeared that the first reaction was to freeze expenditure, the next was to cut costs the third was to prioritise and then cut again. The finance...
26 January 2009 /regulation /sibos MiFID
...even for Northern Rock employees. There was an interesting debate on Question Time last night about the bonuses that are to be paid to Northern Rock staff. The views spanned the spectrum, from one delegate who said bonus schemes shouldn’t exist at all – anywhere - to a part-justification of the process. I say ‘part-justification’ because the...
23 January 2009 /regulation /retail Transaction Banking
Malicious software designed to snatch card data, insider trading on confidential information, hackers setting up phony accounts to divert millions...what do all these things have in common? Greed! Let’s be honest, people have been figuring out how to steal since the beginning. But in today's interconnected and interdependent world they're using...
22 January 2009 /security /regulation Financial Supply Chain
If you go back less than a working generation, a bank would lend money and then manage that loan through to complete repayment. If it had done its assessment properly, and if the customer was fortunate enough to not suffer any financial misfortune, at the end of the loan period it would have been satisfactorily repaid and both parties would have ...
19 January 2009 /regulation Transaction Banking
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.