1077 Results from 2016
Nigel Farmer Industry Director, Capital Markets at Software AG
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
Retired Member
[This post begins a series of blogs which will examine in detail the effect of the EU’s new payment service directive (aka PSD2) from both a technical regulatory and business opportunity perspective] Attending recent seminars on PSD2 brought home just how much industry uncertainty still exists around the directive. This is not surprising. For despi...
11 February 2016 /payments /regulation
The European Commission’s long-awaited official proposal for a one year extension to the MiFID II deadline is finally published today. In short, application dates will be pushed back by one year, with the official go-live date now set for Wednesday 3rd January 2018. While the delay comes as a massive relief to many market participants and the regu...
10 February 2016 /regulation
The Foreign Account Tax Compliance Act (FATCA) has created a job title no one wants: the Responsible Officer (RO). Asset managers globally are now required to have an individual personally responsible for their FATCA programme and the RO will be required to make detailed periodic certifications regarding compliance. Given the global scope of the ...
Ganesh Srinivasan Director at Volante Technologies
Across asset classes, the structure of markets is changing with new information flows between traders, venues clearers, depositories and regulators. The redefinition of the financial messaging landscape is continuous and is not stopping any time soon. Currently high, and for the first time on the agenda for U.S. investment firms is MiFIR. Dates ma...
09 February 2016 /payments
Chief Compliance Officers (CCOs), Chief Risk Officers (CROs), Chief Financial Officers (CFOs) and Chief Data Officers (CDOs) have more in common than they might think: a need for reliable, common data across the enterprise. Tough compliance laws are both a headache and an impetus for change – they’ll ensure that the relationships between these grou...
09 February 2016 /regulation
“Rrrrrrr”. No, I am not cold or angry. I’m teaching Siri to pronounce my name: Jeroen Aumand. After a few attempts, I settle for second best – an anglicised [Jeron] instead of [Yuron]. Then the app asks for help with my last name and I feel a sense of doom creeping upon me. We are told constantly that speech technology will revolutionise financial...
09 February 2016
Large traditional investment banks, like Morgan Stanley, Bank of America and Wells Fargo are under great pressure due to competition from financial Robo-advisors. In such a situation it becomes difficult to justify their fees, far exceeding the costs of services from cheaper investment platforms. This opinion was expressed by Kendra Thompson, mana...
Reading the coverage of CES this year, it was possible to draw two conclusions about wearable technology. Firstly, wearable technology is now an established market – a fast-growing segment with lots of innovation that is now much more than just fitness bands and smartwatches. The second is that the variety of “innovations” suggests that wearable t...
09 February 2016 /security /payments
Many people I have talked to, mention "securities settlement" as an area suitable for lots of cost savings through the adoption of blockchain. But as we know, settlement is an area that does have a lot of intermediaries such as brokers/ custodians/ etc. Question is - given the peer to peer nature of blockchain, will all the intermediaries...
08 February 2016
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