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.

Retired Member 

Robust and Defensible

OVERVIEW In this post, we will consider how Artificial Intelligence (AI), specifically Natural Language Generation, can ensure robust and defensible decision making processes that suffice regulatory scrutiny. IT'S NOT THE DECISION. IT'S THE PROCESS “Robust and Defensible” was a common theme at a recent JP Morgan conference that examined the challe...

17 May 2016 /regulation

Retired Member 

Artificial Intelligence Applied to Client Suitability

OVERVIEW In an earlier post, "What Type of Artificial Intelligence Do You Need?", two paradigms of artificial intelligence are described; deterministic and statistical. Deterministic is similar to speaking with an expert. In this blog post, we will consider how Deterministic Artificial Intelligence can be applied to Client Suitability...

16 May 2016 /regulation

Retired Member 

Basel III Capital Requirements Affect You

The investor is beginning to feel the impacts of increased capital requirements under the Basel leverage ratio according to FIA President and CEO Walt Lukken in his testimony to the members of the U.S. House of Representatives. The capital requirements simply mean that the futures commission merchants (FCM), banks, and broker dealers (BD) must mai...

16 May 2016 /regulation

Retired Member 

CCOs at Brokers Require Probing Data Science

My first direct contact with compliance was confrontational. The team had just developed our first internet trading screens and we were excited to deploy them at some beta futures brokers. It was going to be the first time a retail person could actually trade the CME markets. A compliance person demanded that we identify the actual computer that a...

06 May 2016 /regulation

Retired Member 

Lights, Camera, Compliance?

Love it or hate it video calling is slowly encroaching into our daily lives. With Lloyds announcing last month that it was offering a video service to mortgage customers and other banks quick to claim they are following suit, it’s quite feasible that in a couple of years we’ll all have to be looking our best, even when working from home. The chall...

04 May 2016 /regulation

Retired Member 

Financial Markets Stability and the Future of Block Chain

The European Union stress test of clearing houses for derivatives will be published on April 29 according to Reuters. Our clearing houses serve the role of being a buyer to every seller and a seller to every buyer. This way if either the buyer or seller fail to meet their commitment then there is a financial guarantee that the transaction will be ...

18 April 2016

Sujay Puttanna Business Analyst / SME (Retail Banking) at Mindtree Ltd.

Digital KYC: A Key to Transform

Traditionally Financial Institutions have been collecting application forms along with the physical supporting documents like Proof of Identity, Proof of Address, Proof of Birth, Certificate of Incorporation, Memorandum of Association, etc., from their customers in order to fulfil the KYC (Know Your Customers) Norms. KYC cannot be considered as a ...

12 April 2016 /regulation /retail

Retired Member 

Trade Spoofing: Crossing International Jurisdictions

On March 4, 2016 Japan’s Securities and Exchange Surveillance Commission filed a recommendation against Blue Sky Capital Management for market manipulation. The complaint describes a classic case of #Spoofing. Reading the text of the complaint you will find out the following interesting facts: The trading happened in Japan. The complaint is aga...

09 March 2016 /regulation

Hugo Cuevas-Mohr CEO at Mohr World Consulting - IMTC Conferences

FATF-GAFI GUIDANCE - A Risk-Based Approach for Money or Value Transfer Services

The timing could not have been better. FATF just published – February 2016, a report that all Compliance Officers of this industry must read, entitled Guidance for a Risk-Based Approach for Money or Value Transfer Services (Summary – Full Report (69 pages). I want to highlight three statements in the presentation of the report: The risk-based app...

03 March 2016 /payments /regulation

Hugo Cuevas-Mohr CEO at Mohr World Consulting - IMTC Conferences

The US Government Accountability Office -GAO Reports on INTERNATIONAL REMITTANCES

I think it is very important that every person in the International Money Transfer & Payments (IMT&Ps) industry reads the GAO Report published on February 16th, 2016, entitled INTERNATIONAL REMITTANCES: Actions Needed to Address Unreliable Official U.S. Estimate – Highlights Page (1 page), Full Report (62 pages). A second report published t...

02 March 2016 /payments /regulation