1270 Results from 2013
Retired Member
The Australian Securities and Invesments Commission (ASIC) has published Regulatory Guide 251 for reporting entities that are subject to the reporting obligations under the ASIC Derivative Transaction Rules (Reporting) 2013. These reporting obligations come into force from 1 October 2013 and are being implemented in three phases – detail is provi...
21 October 2013 Financial Services Regulation
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
It is a wellknown fact that the capability of IT is doubling in relation to its cost every year. It seems to be less wellknown what it means when something huge is doubling and doubling and.. (Ray Kurzweiler knows) for enterprises, the public sector and national economies. For European enterprises - struggling with both cost and service capability...
19 October 2013 /payments Innovation in Financial Services
I went to a banking technology seminar just over a year ago where the main focus of the presentations was how to create a single universal payment message type and the issues around customer ID&V. The subject inevitably turned to the UK Payments Council new Scheme - since Account Switching is going live end of this month and they needed somet
18 October 2013 /payments
... not where it has been. Anyone who read some of my blog posts here at Finextra knows that I like that Wayne Gretzky's approach. In fact, I use both real-time dynamic "puck" analysis as well as "chess" analysis when playing with my crystal balls. Let's look at EMV in the US. It is coming. During the past few months, all the d...
18 October 2013 Innovation in Financial Services
Elton Cane Digital product delivery at News Corp Australia
I've got a confession to make. I still sign my signature with a pen when I use my credit card. I don't have to, and I really shouldn't. I've been writing about technology, banking and payments on and off for about 15 years. I consider myself fairly digital savvy, I like gadgets, and I went through the whole transition to Chip and Pin when I was liv...
18 October 2013 /payments Future Finance
Entrepreneurs, specifically small business owners, can’t foresee or predict the precise future of their endeavors. They can’t predict the economy to collapse, the ever changing value of the dollar, or even the present government shutdown that’s affecting much more in the business world beyond government workers. Businesses, small and larger, suffe...
18 October 2013 /regulation
You can find references to the power of specialisation and the division of labour back to the 4th Century BC when Xenophon said “he who pursues a very specialised task will do it best”. Then, in more modern times, Adam Smith introduced the idea to the Division of Labour to improve productivity in Pin Making, extolling the productive powers of sepa...
18 October 2013 /retail
The Basel Committee on Banking Supervision (BCBS) and the International Organisation of Securities Commissions (IOSCO) have published a report containing the final framework for margin requirements for non-centrally cleared derivatives. Under these globally agreed standards, all financial firms and systemically important non-financial entities tha...
18 October 2013 Financial Services Regulation
The President of the Federal Reserve Bank of New York made a speech on how over-the-counter derivatives reform fits into the broader financial reform agenda. He expressed concern that regulators were not going to achieve the full benefits from trade repositories (TRs). He urged regulators, market participants and TRs to continue to work together ...
17 October 2013 Financial Services Regulation
Graham Smith Director at Certeco
In the City, the general consensus has been that the Royal Mail sell off has been a bit of a shambles. With the benefit of hindsight, it can easily be said that the government sold the shares in the state-owned postal service way too cheaply. Whereas a deliberate degree of undervaluing in an IPO is common in a bid to shift all the shares, there is...
17 October 2013 /regulation
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