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In preparation for the application of the Solvency II regime the European Insurance and Occupational Pensions Authority (EIOPA) has stated that it will prepare: . two sets of ITS - set 1 on the appro...
The European Banking Authority (EBA) has announced the key components of the 2014 EU-wide stress test that will be conducted on a sample of 124 EU banks. The stress tests aim to assist supervisors to ...
The European Securities and Markets Authority (ESMA) has sent a letter to the European Commission asking for clarification of the definition of a derivative or derivative contracts under the European ...
In an excellent article in the Financial Times, John Gapper notes that “Banks banged together in a 20-year spree of mergers and leveraged risk-taking, while old skills were replaced by computers, hav...
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 ...
The European Banking Authority (EBA) has published a Recommendation on the use of unique identification codes (such as the Legal Entity Identifier (LEI)) for supervisory reporting purposes for every c...
The owner of your favorite restaurant may be tracking your every move—via your smartphone. Not because he’s a snoop, but because he believes knowing when and where you go for entertainment will benefi...
CBR recently reported that consumers’ utilization of mobile data has doubled in the UK from 2011 to 2012. In the US, Techradar reported similar results; that data consumed by mobile users in the US in...
The updated text and new questions with related clarifications are as follows: General Questions . Q1 on funds and counterparties and whether entities with a charitable nature or otherwise a non-profi...
The principles laid out in BCBS 239 set a high standard for risk data aggregation and reporting as well as a rather challenging timeline for implementation. At a minimum, BCBS 239 raises the standard ...
The European Commission priorities for 2014 include implementing financial markets reforms, data transparency and promoting international compliance. The European Commission’s Internal Market and Ser...
In considering how to leverage technology in support of the current and new business functions in the global capital markets, no one starts with a clean sheet. Both the client front end and the pano...