Welcome to Finextra. We use cookies to help us to deliver our services. We'll assume you're ok with this, but you may change your preferences at our Cookie Centre. Please read our Privacy Policy.
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...
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...
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-...
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...
The news around foreign exchange suggests a storm is brewing, as speculation and light-touch regulation converge. Spot foreign exchange trading will reportedly become more automated where, until recen...
Enormous amounts of customer data have been lost in thefts affecting both retailers and banks. A recent case of data loss at Barclays allegedly included psychological profiling of customers, adding a ...
Turning down money from a potential customer who fails a test, is expensive. Building profiles of all of your customers is costly in both cash and resources. In fact, until HSBC and Standard Charter...
Governments' aggressive approach to taxation is alternately punishing and rewarding financial services firms. The Swiss government is planning to abolish tax secrecy laws – what does that mean for Swi...
Plans to wind down banks that are too big to fail have at last been agreed but will not take effect until 2018. Italy's recent revelation about derivatives losses proves that there are still plenty of...