Financial Services Regulation

This network is for financial professionals interested in staying up to date on financial services regulation happening anywhere in the world. CFOs, bankers, fund managers, treasurers welcome.

Henri Wajsblat Financial Services Expert at Anaplan

The new twists in the road for the future of CCAR

Henri Wajsblat, Anaplan’s Director of Financial Services for Product Marketing, interviews Comprehensive Capital Analysis Review (CCAR) expert, Kenneth Gustin, Ph.D., on regulatory reporting programs in the U.S. banking industry and the new opportunities driven by recent technology innovations. Q: Some might say that CCAR/DFAST (Dodd-Frank Act Str...

29 March 2017 /regulation

Retired Member 

Preventing Due Diligence Issues with FinTech and RegTech

Being the subject of an audit or regulatory exam can be a nerve-wracking ordeal. Given most banks disparate systems, inconsistent manual processes, and ever existing human error – there is generally real fear that an issue will be found, despite the best efforts of competent people. Enter FinTech and RegTech. By utilizing these solutions to unify ...

27 March 2017 /regulation

Retired Member 

Does the EBA’s risk based approach to Strong Customer Authentication destroy frictionless payments?

There has been a flurry of excitement since the publication of the EBA’s draft Regulatory Technical Standards (RTS) on 23rd February 2017. While there is much to consider within its 153 pages, the focus of this blog is on Article 16 and the new Transaction Risk Analysis approach to exempting transactions from Strong Customer Authentication (SCA)....

14 March 2017 /payments /regulation

Stuart Lacey Founder at Trunomi

GDPR, PSD2 & ePrivacy: New Regulations Will Drive Financial Services Innovation

Few people associate regulation with innovation. For some, its seen as a necessary evil to protect consumer rights and fight fraud. For others, it’s a straitjacket that can reduce operational agility. Much has been said about the opportunity to enhance the customer experience by strengthening individual data rights under the General Data Protectio...

13 March 2017 /regulation

Retired Member 

AML Internal Audit: Friend Not Foe

I’ve been on both sides of this coin. When I worked in a Financial Intelligence Unit in a major global financial institution, internal audit was looked at as an enemy. Internal auditors were there to play “gotcha” and expose any error, no matter how small. My first thought was not, “how can they help us improve the program?” but rather, “how can w...

27 February 2017 /regulation

Retired Member 

CME Requires Guarantees on Trades

The CME Group just amended rule 574 stating: “All connections to the Globex system, including direct connections of non-clearing members or customers, must be guaranteed by a clearing member that assumes financial responsibility for all activity through the connection. With respect to transactions given up to other clearing members, such guarantee...

08 February 2017 /regulation

Sufyan Khan Head of Pre Sales / Solution Consulting - Europe at Oracle

UK Stress Testing: Putting stress to the test

In October 2015, the BOE of England (BOE) published details of the 2016 Stress Test Scenario, which formed the basis of the stress tests that were conducted in 2016 to assess the resilience of the UK banking system. Last year’s exercise has been revised and represents the BOE’s first “annual cyclical scenario” (ACS). It models substantial deterior...

06 February 2017 /regulation

Abhishek Chatterjee Managing Partner at Gartner Inc.

Capital Market - How to drive Technology led growth?

Capital market industry is facing challenges across revenue growth, capital charges and high structural costs. Investment banking revenue fell 4% last year mainly due to 8% decline in Fixed income, 5% drop in advisory and underwriting revenues. While growth is hard to come by, the problem is further magnified by deterioration of cost-income-ratio ...

04 February 2017

Retired Member 

Welcome to RegTech: the age of disrupting the status quo is here

On Tuesday 31st January at a crowded event near Canary Wharf, a select group of RegTech innovators, accelerators and venture capitalists came together to discuss this emerging market. Attendees heard four expert speakers explore the challenges and opportunities. But first, some background. -- Financial market participants had to acknowledge some h...

04 February 2017 /regulation /startups

Retired Member 

AML Compliance Failure: The Gift that Keeps on Giving

It’s no state secret that Anti-Money Laundering (AML) compliance failures can cause serious harm. But what may not be obvious is that by the time the failure has made it into the public domain, the bank has been suffering the repercussions of that failure for years. It is the gift that keeps on giving. A compliance failure can have lasting effects...

30 January 2017 /regulation