Archive for: September, 2011
Curtis Nash - Compliant Phones - London | 28/09/2011 | 2367 views
Buying something because you have to is no fun.
In this regard, many of today’s first and second-generation mobile call recording systems currently being implemented by investment banks are, frankly, dull.
They may help you meet the FSA phone recording regulations. (Provided you pick the right one.) They may move your governance controls up...
Tags: Dealing rooms
Curtis Nash - Compliant Phones - London | 22/09/2011 | 3638 views
Speaking to prospects and customers about their experiences in trialing and using different mobile-recording systems, I’m surprised by some of the myths that I hear.If you’ve still not implemented a mobile recording system to meet the Financial Service Authority’s 14 November deadline for the recording of mobile calls, then here&r...
Tags: Security, Dealing rooms
Curtis Nash - Compliant Phones - London | 19/09/2011 | 3236 views | 1 comment
Oh to be in the UBS compliance team this week. With news that another “rogue trader” has slipped under the radar in such spectacular fashion—at a time when the world’s banking system is in such a fragile state—the spotlight is thrown yet again on governance and oversight.
Whether as deterrent or detector, the introduc...
Tags: Dealing rooms, Wholesale banking
Curtis Nash - Compliant Phones - London | 06/09/2011 | 3997 views
Last week saw the UK Financial Service Authority’s (FSA) latest win in its war against market abuse when it announced that it had imposed an £8m fine on Swift Trade for layering—a practice of placing large orders that the trader has no intention of completing.
This is the eleventh insider-dealing conviction since March 2009 when ...
Tags: Dealing rooms, Wholesale banking
Gaurav Handa - Oracle Financial Services - Redwood Shores | 02/09/2011 | 3027 views
Financial institutions in Europe and North America will be eager to turn the page on August. Far from the anticipated doldrums of summer, we witnessed a return to stomach-churning market volatility, fueled in part by growing concerns about sovereign solvency and banks’ exposure to sovereign debt.
The return to volatility, coming on the heel...
Tags: Risk & regulation
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