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.
The European Supervisory Authorities (ESAs) have launched a consultation on draft Regulatory Technical Standards (‘RTS') covering: the risk management procedures for counterparties to non-centrally c...
Accelerating development of mobile payment apps with open source Legacy banks, insurance companies and other financial services firms are facing an onslaught of challenges to their existing ways of do...
As the i’s are dotted and the t’s crossed in the MiFID II Level 1 text ahead of its June publication in the EU’s Official Journal, ESMA is already gearing up for Level 2. In order to produce all the r...
2014 and the implementation of EMIR heralded the beginning of European reporting of derivatives transactions to trade repositories. As a result, firms must get to grips with their trades both internal...
It is intriguing to see how often individual branches or geographic divisions in a bank have the tendency to re-invent the wheel. Why would a bank choose different organizational structures and proces...
The Financial Stability Board (FSB) identified as a priority the need for more intense and effective supervision, particularly of systemically important financial institutions (SIFIs), after the finan...
Do you Know your Exposure? Electronic invoicing in Latin America is not just about operational issues, it is about risk and financial exposure. Recently, Citigroup, Inc. announced that fraudulent inv...
The Commodity Futures Trading Commission (CTFC) has announced that the new replacement no action letter for swaps traded on Multliateral Trading Facilities (MTFs) contains notable clarifications seek...
It’s old news that the customer journey has changed in the last decade and continues to evolve as new digital channels are introduced or enhanced. Customers now expect to bank on their terms. This dri...
Now that the industry has (almost) completed Sepa – there is still plenty of work to be done. Investment has been made by both institutions and corporates to get up to speed and in-line with the new r...
The Basel Committee on Banking Supervision (BCBS) has published an updated progress report on the implementation of the Basel regulatory framework. This sets out the adoption status of Basel II, Base...
Having travelled across four continents over the last twelve years, managing requirements, this piece seeks to share some interesting experiences while working with a diverse clientele. Spring beckone...