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Things can’t get much worse for UBS. Weeks after it was rocked by an FSA fine for almost £30 million for failure to detect the trading of a fraudulent banker, the Swiss bank was last week slammed with...
Banks are competitive institutions. To compete they must innovate and in IT terms that means bringing new products and rich applications to market faster than competitors. Getting those products into ...
The Dodd-Frank and EMIR reforms are having a major impact in the way market participants engage with one another. The mandatory central clearing of swaps is giving rise to a new market infrastructure ...
“People got a bit lax,” Queen Elizabeth II said last week of the time leading up to the financial crisis. “Perhaps it was difficult to foresee.” The U.K.’s monarch also lamented that her nation’s Fin...
At a speech to the Bank of Canada this week, Mark Carney - the Bank of England Governor elect - suggested that central banks should abandon inflation targeting to boost flagging economies. He was talk...
Solving the too-big-to-fail problem in banking just got international. Authorities could seize a Global Systematically Important Financial Institution (GSIFI) -- and dismantle it as appropriate -- und...
There’s been a lot of debate around the changing role of the CIO in the press, and particularly in financial services. But we must take into consideration that, in the rapidly-evolving world of techn...
How Automotive Telematics Reduces Insurance Fraud? We all know that are car insurance is going up because of whiplash cases, bad driving by a certain age group and EU law but how can we push back and ...
The FSA’s mortgage market review guidelines pose a number of issues for retail banks in the UK, and are set to have significant impact on the way mortgages are bought and sold here. Although new regul...
Having attended the FATCA Forum event in London two weeks ago, one word kept cropping up time and time again in relation to FATCA – not from vendors (surprisingly enough) but from compliance and tax e...
I recently had the pleasure of being joined by a panel of clearing and settlement experts to discuss the impending move to a T+2 settlement cycle in Europe, as proposed in the European Commission’...
In this article, we want to illustrate the importance of augmenting automated decisioning and business intelligence systems with human intelligence. Here’s a simple logic puzzle for starters. Please l...