1270 Results from 2013
Retired Member
UK banks are turning to expanding access to technology to rebuild customer trust and offer improved services. For example our client Barclays Bank is embarking on a major transformation programme that uses increased investment in technology to “create a much better customer and client experience at structurally lower cost, with better control and ...
22 November 2013 /security /regulation
The International Association of Insurance Supervisors (IAIS) has announced its plan to develop a risk based global insurance capital standard (ICS) by 2016. Full implementation will begin in 2019 after two years of testing and refinement with supervisors and internationally active insurance groups (IAIGs). The IAIS has also published the followi...
22 November 2013 Financial Services Regulation
… doesn’t it? By embracing new technologies, access to services via the Cloud offers corporate treasurers of every size of organisation the opportunity to improve efficiencies and further drive down operational costs. At SWIFT we are very well aware that any change to the way we do business brings with it a dose of healthy scepticism. New services...
21 November 2013 /payments Payments strategies 2015-2020-2030
A common pitfall of many projects is that once the team finally crosses the finish line they ‘forget’ to hold a Post Implementation Review (PIR) meeting. The reasons for this are many and obvious. The collective mindset moves quickly on to other things, and individuals are not motivated to cover old ground if the project ultimately succeeded; even...
21 November 2013
Robert Siciliano Security Analyst at Safr.me
When you leave your home or apartment in the morning, you might pack up a small bag of whatever you need for the day, which might change daily. But what doesn’t change is the three things you always have, and that’s your keys, mobile device and wallet. They are three essentials we can’t function without. Fortunately, at least two out of the three ...
21 November 2013 /security
The European Insurance and Occupational Pensions Authority (EIOPA) has published the final guidelines to ensure that national competent authorities (NCAs), insurance companies and groups take active steps toward implementing key elements of Solvency II in a consistent and convergent way. The guidelines cover the following key areas: system of gov...
21 November 2013 Financial Services Regulation
Dan Barnes Writer at Information Corporation
It is impossible to punish banking through fines. Regulators must know this. When one reads of the scale of fines in the financial services industry, it is often hard to conceive of the amounts that the firms are paying. Even more so when one considers that these payments happen every year, and sometimes several times a year. Bruno Bettelheim, the...
21 November 2013 Future Finance
To a large extent, Asian banks are in a somewhat enviable position. China is certainly the economic giant of the region, and if China’s economy slows, it does have knock-on effects, yet, the economies of individual countries in Asia, while interdependent, often expand and contract quite independently. This can mean a bank facing slower growth in I...
20 November 2013 Future Finance
The European Commission has published a proposal to amend the Solvency II Directive to set later dates for its transposition (31 January 2015) and its application (1 January 2016). The proposed Directive also amends the repeal date of Solvency I (1 January 2016). Related Link: http://ec.europa.eu/transparency/regdoc/rep/1/2013/EN/1-2013-680-EN-...
20 November 2013 Financial Services Regulation
Two important events happened in November 2013. First, the Fed released its latest stress test definitions, to be used as the basis of the Comprehensive Capital and Analysis Review (CCAR) report, due in March 2014. Second, Thor returned to cinema screens in the action sequel, ‘The Dark World.’ So, why are these two things collectively important? W...
20 November 2013 /regulation
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