1270 Results from 2013
Retired Member
A brief history of shadow banking By Jennifer Liu and Brian Lum Shadow banking has been on Mark Carney’s mind for a while. Since his appointment as chair of the Financial Stability Board (FSB) in November 2011, the governor of Bank of Canada was given a number of tasks by the leaders of the Group of 20 large economies to spearhead global banking r...
13 March 2013 /regulation
Recently, Dave Birch confirmed what I learnt the hard way at the beginning of the TEDIPAY journey: consumers are wrong. That was why three years ago we decided to follow Steve Job's advice who famously said that "it isn’t the consumers’ job to know what they want." It seems that more and more companies have started to realize that &quo...
13 March 2013 /payments Innovation in Financial Services
FSA has a new webpage setting out the notifications required from 15 March from financial and non-financial counterparties under the European Markets Infrastructure Regulation (EMIR). The key points are that for:· - unconfirmed OTC derivative transactions - financial counterparties must have procedures in place to report on a monthly bas...
13 March 2013 Financial Services Regulation
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
http://youtu.be/Kb3q2viAbbk Great vision. Decent preacher. If you do not know where you are going, any road will do. Or even worse - nobody is going anywhere.
Throughout the 5 years since SEPA Credit Transfers (SCT) were first launched, we have been exhorted, warned and admonished about the need to migrate to SEPA. Indeed, the nagging has become even more insistent since the end date for SEPA migration was confirmed. Some accepted the exhortations with enthusiasm, while most have prevaricated and hoped ...
12 March 2013 /payments Payments strategies 2015-2020-2030
With ESMA’s (European Securities and Markets Authority) regulatory technical standards (RTS) codifying the European Market Infrastructure Regulation (EMIR) into an applicable set of rules entering into force on 15 March 2013, the implementation timeline for EMIR has now become much clearer. The CCP registration process Under EMIR CCPs apply for a...
12 March 2013 /regulation
The Regulatory Technical Standards (RTS) under the European Markets Infrastructure Regulation (EMIR) were published on 23 February in the Official Journal. They will therefore enter into force on 15 March. This means that: · Trade Repositories can start applying for registration – it is anticipated that the first registrations will be ap...
12 March 2013 Financial Services Regulation
Anish Kanayi Consultant at IT Industry
The banking IT solution providers can definitely learn a lesson or two from the trends that are emerging from peer industries. An evaluation of the interesting developments in some of these industries, though unrelated, is food for thought and a source of innovative ideas. Manufacturing (Prototyping) – Bouncing back from the slumber induced by the...
12 March 2013
Accepting credit card payments online has become extremely simple, to the point where the majority of a new company's time is usually spent in comparing the different types of service rather than setting up the service. There are many payment processors available, and most of them are cheap and easy to integrate into already existing websites. On...
11 March 2013 /payments Payments strategies 2015-2020-2030
David Divitt Senior Fraud Product Manager at VocaLink
In the past, risk and fraud systems were managed separately, by different teams with different strategies and objectives. It’s been that way for many years, but we’re now starting to see a softening of the boundaries, especially at PSPs and merchant acquirers. Many of these firms are pioneering the drive to bring together risk and fraud into one co...
11 March 2013 /security /regulation
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