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One of the trends in the payments world today is the move to ‘real time’ payments. A good example of this move is the Faster Payments Service in the United Kingdom. The Faster Payments Service, launc...
This week we're celebrating 5 years of the Apple App store (see Wired's commentary.) The realization that in 5 years mobile and apps have had such a huge impact on banking, can not be understated. Of...
Bitmessage is a trustless, decentralized peer-to-peer messaging protocol (very similar to Bitcoin). It is a unified system that encrypts every message. It keeps secure the members of the communication...
The Australian Treasury Department has issued an exposure draft of the regulations and related press release to facilitate the operation of derivatives trade reporting regime. Reporting obligations w...
A culture of compliance…for technology Regulators and FATCA teams alike are currently focused on ensuring that institutions can start doing their jobs when deadlines like 1 January 2014 for new accoun...
Determining who should carry the can for a bank’s bad debts took on a twist last week when activist investor Mark Taber challenged the UK regulator on its demands for a bank to raise more capital. The...
HM Treasury have announced that the UK Government had signed an agreement with the United States to improve international tax compliance and implement the US Foreign Account Tax Compliance Act (FATCA)...
Offshore investors have bought nearly $2 billion of yuan-denominated bonds so far in 2013, up by over 70% on 2012. These RMB bonds, known as “dim-sums” are really starting to add up. Is your firm alre...
The International Swaps Dealers Association (ISDA) and the Futures and Options Association (FOA) have jointly published the Client Cleared OTC Derivatives Addendum. This is a template for use by clea...
I was interested to read the article ‘Brits relaxed about banks mining data to fight fraud’. It provides an interesting perspective on the growing debate regarding the need for strong data privacy as...
Anti-money laundering (AML) - as well as KYC - is something which every company serious about payments has to deal with. AML requirements are pushed by the industry regulators (who are not always in ...
Following agreement by member states the President of the European Union has announced that the proposals for the Markets in Financial Instruments Directive (MiFID) and Regulation (MiFIR) will now mov...