Nigel Farmer Industry Director, Capital Markets at Software AG
In follow up to my recent blog post about market abuse and banking culture, it’s worth noting that the new Senior Managers Regime (SMR), designed to improve individual accountability in the banking and finance sector, has now come into force in the UK. According to the Bank of England’s Prudential Reporting Authority, the SMR “is aimed at suppor...
19 April 2016 /regulation
It seems there is no end to new cases of market manipulation, as the latest scandal involving banks possibly rigging the $1.5 trillion government-sponsored bond market breaks in Europe. Regulators have been relentless in cracking down on financial services firms involved in insider trading and market manipulation, and financial services firms are g...
26 February 2016 /regulation
Cutting out the middle man equals big cost savings, chopping up to $20bn a year off of a bank’s infrastructure costs, according to an article in the FT. Blockchain will also help to nail money launderers and fraudsters through its distributed ledger and the historic traceability of funds. The technology is already enticing exchanges; CME Group a...
18 February 2016
This is the year when capital markets firms will have to get to grips with mountains of data; if they don’t get it under control, they will have one Big Data mess. And Big Data can only grow. Complex sets of data arising from requirements for reporting transactions, communications surveillance, risk management (BCBS239) and swaps data repository re...
11 February 2016 /regulation
Despite recently shelving its plans for a thematic review into the relationship between banking culture and market abuse – a decision that surprised many people in the market - the whole area of culture and accepted practices within the banking sector is still a key area of focus and concern for the FCA (Financial Conduct Authority). Its 2015-201...
08 February 2016 /regulation
Regulation, regulation, regulation. In the property market there is a saying: “location is everything.” In capital markets in 2016 the saying will be: “regulation is everything.” The backlash from risky derivatives, the credit crisis, crooked high frequency trading (HFT), murky dark pools, insider trading and money laundering over the past few yea...
05 February 2016 /regulation
Capital markets are in a state of flux thanks to new regulations and disruptive competition from fintech, so 2016 will be the year that defines the way financial services companies can move forward. The new landscape means they have to get creative to address new competition while still remaining in compliance. Here are our predictions for 2016: ...
04 February 2016 /regulation
The demand for real-time information in today’s banking and finance world is constantly growing. There has always been a need for real-time data on the trading desk of course, but that requirement is now expanding into areas such as enterprise risk reporting, which has traditionally operated on more of a batch-driven, T+1 basis. Although much ...
15 January 2016 /regulation
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