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Recording the execution decision maker is a new requirement under MiFID II. Working out how to populate that field turns out to be trickier than expected. Take a buy-side that gives strict execution i...
In June Banco Popular Espanol (“BPE”) was sold to Santander for €1, with Santander taking over all the assets and senior liabilities of BPE. Crucially BPE depositors with over €100,000 in their accoun...
Background The other day I was shopping on Amazon and Flipkart online. I chose a mobile to buy and on the same page, another section came up which had information displayed for a mobile cover and a sc...
Market participants are naturally worried about the immediate costs of regulation, some of them still uncertain about the future benefits. But with all the twists and turns on the road to regulatory c...
Introduction Know Your Customer (KYC) processes require banks to validate and verify primary documents as part of due diligence. Currently the market is flooded with KYC utilities that help manage the...
Although banks may appear slow to react and less agile than emerging fintech companies, banks remain their corporate clients’ main point of reference for technology innovation and inclusion. Even many...
Implementing pan-European financial regulation is no easy feat. Finding agreement across 28 member states and translation into vastly differently legal systems is a true challenge. It comes as no surp...
The year is shaping up to be one where my dialog with leadership within large financial institutions shifts from “I want to do digital” to “Show me how digital helps me become more competitive.” Digit...
OK for most of us this sounds crazy. Cash management is a commodity. All the big banks do it. All the small banks offer it, even if they have to outsource it. Companies need it but there’s nothing new...
Most western economies have experienced little or no growth since the global financial crisis.However, fewer resources are often a trigger for innovation and better long-term planning. Before hard tim...
In December, I attended the Amsterdam RiskMinds Conference, which highlighted current priorities of Chief Risk Officers [CROs] and risk professionals. Having reflected over Christmas sherry and Maria...
By 2040 most financial institutions may be run by robots. Yesterday I entered on the web of my "digital" bank. I have €10,000 in my bank account. As I open the system it offers me an automat...