Nigel Farmer Industry Director, Capital Markets at Software AG
Last week saw the second R3 smart contract template contract summit, following on from June’s summit and Barclays demonstration at the London O2 in April. Dr. Lee Braine from Barclays stated in April that what we saw would take time to build and that further industry collaboration would be required. So it’s good to see from the latest summit tha...
22 November 2016
The management, retention and reporting of huge data volumes is so onerous that many financial services firms are missing out on the value of this data; they are awash in a sea of data with nothing to drink. Banks are dealing with ever increasing volumes of data, from trading data to communications and social media, coming from many different sourc...
27 October 2016 /regulation
Cloud adoption in capital markets is gathering momentum, led by the increasing acceptance of the cloud by regulators as well as cost cutting at financial services organizations. Indeed, regulators themselves are some of the enthusiastic adopters. Earlier this year the UK Financial Conduct Authority (FCA) decided to host its MiFID II transaction rep...
13 October 2016 /regulation
Achieving digital transformation becomes more complicated in large banks which are siloed in nature, have evolved and grown through acquisitions and have many legacy systems – or IT spaghetti. Maintenance of these IT systems consumes resources and budgets that can impede a firm’s ability to innovate, slowing down business transformation. So getting...
29 September 2016
The Commodities Futures Trading Commission (CFTC) recently finalized a set of cyber security rules, designed to help safeguard its systems from breaches; but worries about hacking and possible terrorism remain. There have long been concerns that Cyberman-like terrorists or hackers could compromise the world’s financial markets by attacking exchan...
14 September 2016 /security /regulation
Fitting the blockchain piece into an organization’s technology puzzle is going to require both business and technology transformation. Key to any such transformation is going to be in understanding the current IT architecture and being able to visualise where and how the blockchain piece fits in, as well as what systems are going to be affected. Ex...
27 July 2016
This year’s FIA IDX International Derivative Expo kicked off with a pointed note of caution to regulators from FIA’s president and CEO Walt Lukken. He said that the industry is facing some real challenges from new regulatory regimes and their costs to FIA members. “Unfortunately, so much medicine has been prescribed since the financial crisis that...
15 June 2016 /regulation
Under Starter’s Orders: Market Abuse Regulation We are almost under starter’s orders for compliance with the new market abuse regulation (MAR), which comes into force in Europe on July 3rd. Enhancements to MAR across Europe strengthen rules against insider dealing and market manipulation, and add provisions to prevent and detect them. Most firms s...
24 May 2016 /regulation
My previous blog about smart contracts highlighted how they could create efficiencies in trade affirmation/confirmation and throughout the trade lifecycle. However, there are still many open questions and concerns about how smart contracts operate in the real world. After all, how do you see and understand the finer details of a smart contract wh...
09 May 2016
As blockchain, a distributed ledger technology, makes regular headlines it is becoming clear that many discussions on its use in financial services center around so-called smart contracts. Barclays recently tested a way to trade derivatives using smart contracts with the Corda blockchain-style technology from bank consortium R3. Barclays created ...
29 April 2016
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