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The announcement on 26 June 2013 that a single European regime for bankrupt banks, the Bank Recovery and Resolution Directive (BRRD), has been proposed, is demonstrative of the challenge that Europe f...
President Obama signed the Dodd-Frank Act into federal law in July 2010. The Act’s primary goal is to increase transparency in the financial markets and prevent another financial collapse. However, si...
Its quite interesting to see how a bank's human resourcing model works and the dependency on 'contractors'. Many banks have a model with least permanent employees and high reliance on contractors and ...
The European Commission (EC)’ s long awaited proposal for a revised Payment Services Directive (PSD2) published on 24 July 2013, has been overshadowed by its proposal for the regulation of Multilate...
Chrysler Corporation recently issued a vehicle recall, it’s twelfth since June this year, affecting 840,000 of its automobiles around the world. Chrysler said it’s a pre-emptive measure, and cited a ...
The European Banking Authority (EBA) has launched a question and answer (Q&A) tool which aims to allow firms and regulators to submit questions on: the amended Capital Requirements Directive (CRD...
Gently easing my way back into the daily grind after my annual vacation I came across the report that MPs in London are proposing to tax HFT. They must have been drinking more sangria than I have over...
Is the UK payments space about to undergo a revolution? That is now a distinct possibility with this week’s announcement from the European Commission (EC) of its new payments service directive (PSD2) ...
People, companies, regulations… things change Ok, so detection capabilities can search for U.S. indicia – place of birth, address, standing instructions… and not find any. A case management system can...
There is a lot of confusion in the marketplace for solutions for Mexico CFDI. To make matters worse, the timeline for implementing CFDI is looming just around the corner on December 31, 2013. In conv...
Much talk has been made about the impact of Dodd-Frank but the European Market Infrastructure Regulation (EMIR) seems to have been the forgotten step child of derivatives regulation. That is all chang...
Card fees are to be capped in Europe. There is a lot of debate around that decision, and the jury is still out as to the mid- and long-term implications. For example, although Amex is not directly af...