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A clash between globalised financial services and domestic governments is looming. Activity by the US authorities particularly – from spying on friendly foreign governments, to aggressively pursuing s...
The hype around big data is, ironically, huge. There is more to big data technology than the marketing bandwagon. The scale of the difference that systems like Hadoop – the open-source platform based ...
BNP Paribas is in a real fix. It faces censure for allegedly being found guilty of breaching US rules on money laundering, and of breaching US sanctions, between 2002 and 2009. These alleged breaches ...
The news that Barclays has been fined for manipulation of the gold benchmark is another nail in the coffin of trader autonomy and of voluntary data-based benchmarks. It also highlights the risks for s...
Last month the Bank of England wrote an in-depth explanation of money, in which it explained why Bitcoin is more like a commodity - e.g. gold - than a currency. Basically it isn’t popular enough. Yet....
The settlement lifecycle for equity trades is being shortened from T+3 to T+2 across developed markets. Cost benefit analyses have shown support from correspondent banks, custodian banks, buy-...
An astonishing situation has arisen in UK courts, whereby fraud cases brought by the State are being dropped as the defendants claim to be unable to find defence lawyers, following budget cuts to publ...
The PR bluster around the new Michael Lewis book ‘Flash Boys’ is deliberately confusing, yet almost no-one seems to have read it. With the FBI investigating high-frequency trading (HFT), the issues th...
Regulators have budgeted for enormous spend on surveillance technology in the year ahead. On 31 March 2014, the UK’s Financial Conduct Authority revealed a 15% increase in its IT budget for 2014-2015,...
Apps are making the banking sector more vulnerable to cyber-attack, say European regulators, who recommend that firms hold capital as insurance against such an event. The ‘Joint Committee Report on ri...
News that the European Parliament finally agreed the terms for ‘banking union’ on 20 March 2014 raised lacklustre cheers from the world of finance. The ‘union’ here is regulatory, taking the managemen...
Regulators from the US to the Philippines have issued warnings to ATM firms that they should be cognisant of upgrading their operating systems by 8 April 2014, the date by which support for Windows XP...