Archive for: August, 2012
Gary Wright - BISS Research - London | 15/08/2012 | 2668 views | 1 comment
Money laundering continues to be a scourge on financial services. Recent cases of some of biggest and most respected banks clearly demonstrate that as time goes by the risk of money laundering keeps increasing. Despite decades of measures and huge expenditure on anti-money laundering systems the figures show we are losing the battle. Indeed the siz...
Tags: Risk & regulation, Post-trade & ops
Gary Wright - BISS Research - London | 14/08/2012 | 2034 views
The payments industry has been a sticking point in financial services for quite some time. Vested interests and a concentration of far too much business between too few banks have created development inertia, best evidenced by the SEPA slow train. SEPA was virtually a universal agreed development, if you take banks out of the equation. However, the...