4458 Results from /regulation
Retired Member
The FBI reports a significant jump in mortgage fraud in the previous year and some bad signs for this year. While perhaps not as great as many other frauds going on the results are not promising. According to the Federal Bureau of Investigation’s recently released 2008 Mortgage Fraud Report, mortgage fraud Suspicious Activity Reports (SARs) referr...
08 July 2009 /regulation Whatever...
Elizabeth Lumley Global FinTech Commentator at Girl, Disrupted
The mainstream media has been discussing this week, the new instructions to the Financial Services Authority from the UK's chancellor of the exchequer Alistair Darling. All of a sudden the goverment and the regulator should now be concered with systemic risk and Darling has issued some changes to the FSA operating proceedures. But this paragraph ...
08 July 2009 /regulation
With increasing sanctions management regulations imposing ever-larger fines and the risk of custodial sentences for CFOs for non-compliance, the issue of sanctions looms large in today’s boardrooms within the banking and financial services community. And the pressure is set to continue: as of 21 November 2009, for example, the advent of the new SWI...
08 July 2009 /security /regulation
Robert Siciliano Security Analyst at Safr.me
SearchSecurity.com reports that researchers at Carnegie Mellon University have developed a reliable method to predict Social Security numbers using information from social networking sites, data brokers, voter registration lists, online white pages and the publicly available Social Security Administration’s Death Master File. Originally, the firs
So, we have an ultra-intelligent guru of programming for the phenomenon of ultra-high frequency trading resorting to "the dog at my homework" defense? "I thought I was uploading open source files." Let's evaluate that statement: Mr. Aleynikov engages in at least 4 uploads of files in the range of 32mb. Mr. Aleynikov decrypts hi...
07 July 2009 /security /regulation
Great event organised by PRMIA and IAFE last night at Goldman's London offices with a long title: "A Little Thought Goes A Long Way and Lessons for Risk Management from the Current Crisis". The event was moderated by Giovanni Bellossi of FGS Capital, and featured speaking slots by Paul Wilmott and David Rowe of Sungard. Here are my n...
03 July 2009 /regulation /wholesale Data Management 101
B.J. Ostergren is a proud Virginian. She’s known as “The Virginia Watchdog,” but I like to call her “The Pit Bull of Personal Privacy.” She is relentless in her efforts to protect citizens’ privacy, and she is primarily concerned with the posting of personal information online. So in order to make this point, she finds politicians’ personal inform...
02 July 2009 /security /regulation
George Soros has waded back into the current saga concerning OTC derivatives in his article last week in the FT. The main part of the article focusses on financial markets reform, but ends with a vehement attack on derivatives, building upon some of his earlier ideas (see post) and seemingly going much further: "Finally, I have strong views ...
02 July 2009 /regulation /wholesale Data Management 101
This AFP survey (click to download pdf of report) makes clear a trend many have expected, that fraud would grow as the economy continues to suffer. And, no surprise, but larger organizations are a bigger target due to their higher transaction volumes. I see and hear it anecdotally every day in conversations with partners, customers and prospec...
02 July 2009 /payments /regulation Transaction Fraud Systems and Analysis
One of my former collegues once started a panel discussion on buy side technology by saying "Technology means nothing unless it has a business use." He had a very valid point. The trendiest, up to the minute technology is all fine and dandy, but if you can't trade, invest, process with it--who cares? The same can be said for data. There i...
01 July 2009 /regulation Data Management 101
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