4244 Results from /regulation
Sriram Natarajan Risk Dog at Credit Risk Fraud Cards Professional
What is the most likely event to emanate from all the downslides in the financial market? Yes, the plethora of new laws and regulations. We saw Sarbanes-Oxeley in response to Enron and World Com. We had the Patriot Act after 9/11. So, what do you expect from the subprime crisis - new laws, of course! The first salvo seems to be fired off by the U...
22 March 2008 /security /regulation
Retired Member
What an amazing current financial set up; the US Sub Prime market (remind anyone of a certain age of junk bonds?), the falling US$, a weak £STG, oil at $100 a barrel and gold at $1,000 an ounce, platinum prices falling and rising $50 an ounce in a single session, Bear Stearns, Northern Rock and consumer confidence at the edge of a precipice. T
18 March 2008 /regulation
The US - Looking at GDP growth, cost of living increases for average families, cargo container imports and trucking activity suggests the US is well into 'recession'. Bear Stearns isn't the end of the credit crunch and it's not just a credit crunch by any means. There are more bigger players to follow. The US may see a depression soon. Australia ...
18 March 2008 /regulation /retail
In one of my earlier blogs, I laid out the opportunity of mobile numbers being used as 'citizen ID' and enabling access to credit to the huge mass of unbanked citizens of the world. Well, I now go a step further - we need a 'Universal Declaration of Mobile Phone Rights'. I think it is about time the United Nations passed a resolution requiring eve...
18 March 2008 /payments /regulation
APACS released the latest figures on UK Card fraud - http://www.apacs.org.uk/2007Fraudfiguresrelease.html It really shows how good criminals are in quickly exploiting 'systemic' loopholes. UK spent more than a billion pounds to implement chip and pin. Shows how truly globalized the criminals are! If ChipPin impedes my fraudulent activities in UK; ...
13 March 2008 /payments /regulation
Among the doom and gloom in capital markets across the world, the only stray streak of silver lining appears to be the impending IPO of Visa Inc. Much has been written by analysts on whether Visa can replicate the 'Priceless' act of MasterCard. Certainly, the success of the IPO will mean bring some much needed cash for the member banks. About 10 ...
10 March 2008 /payments /regulation
Step by step, we see the legal system coming to expect that enterprises will retain instant message and text message archives just as they do e-mail records. http://hack-igations.blogspot.com/2007/11/instant-message-retention-e-discovery.html
05 March 2008 /regulation
Last week I was out in New York attending the Global Association of Risk Professionals' (www.garp.com) annual conference. Part of my extra curriculum activities involved hosting a dinner at the Craft restaurant (www.craftrestaurant.com) at 47 East 19th Street. A great restaurant if ever you are stuck in New York and looking for some private dinn...
03 March 2008 /regulation Trends in Financial Services
The credit card industry is on the edge. Being a card issuer is not the most comfortable feeling now. After the mortgage meltdown, an impending consumer recession, falling interest rates, regulatory pressure, Merchants crying over interchange, consumer activism, fraud...... The card issuer dilemma is indeed unique; they appear to be justified on ...
22 February 2008 /payments /regulation
Earlier this week, whilst catching up on news from America, I came across an article in the New York Times announcing, "The credit crisis is no longer just a subprime mortgage problem." Now no disrespect but I am sure the majority of people getting this newsflash from the New York Times have no idea what it really means. As for the rest...
15 February 2008 /regulation /retail Trends in Financial Services
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