Latest opinions that Marc Murphy has shared on Finextra

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Marc Murphy

CEO

Fenergo

Member since

25 Jul 2011

Location

London

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Marc's opinions

FATCA - the best opportunity for KYX!

Having attended the FATCA Forum event in London two weeks ago, one word kept cropping up time and time again in relation to FATCA – not from vendors (surprisingly enough) but from compliance and tax experts from leading financial institutions. And that word was… opportunity. An unusual choice of word to associate with a piece of regulation that is...

10 December 2012 /regulation Financial Services Regulation

Self-service portals: The next logical step for compliance?

We are currently experiencing an unprecedented series of new regulations, each of which will require the collection of new client/entity data and support documentation to achieve full compliance. The problem is that each of these regulations will dictate the collection of new pieces of data – some looking for Tax Identification Numbers (TIN) or US...

08 October 2012 /regulation /wholesale Financial Services Regulation

The FATCA Automation Challenge

As we near summer’s end, many of us will be experiencing that old familiar “back to school” feeling, as we refocus our thoughts and plans towards the forthcoming term. In financial services, the focus will be very much on the imminent finalisation and arrival of new regulations – particularly FATCA. It’s true to say that most foreign financial ins...

22 August 2012 /regulation Data Management 101

LEI... the silver bullet to truly cleansed legal entity data

The introduction of the proposed Standard Legal Identifier (LEI) is a golden opportunity for many financial institutions to enhance and improve overall client data management and achieve the coveted cleansed legal entity data repository. The ability to assign a single, unique identifier to each and every legal entity - that can be shared both with...

07 August 2012 /regulation /wholesale Data Management 101

Using Client Onboarding to Improve Data Integrity

Client data and reference data management are topics that are very much in the spotlight at the moment as global regulators move to introduce new legal requirements and more stringent standards (such as Legal Entity Identifier) to bring about greater data governance and improve the overall quality and integrity of client data. However, with so ma...

24 July 2012 /regulation Data Management 101

Using client onboarding to protect global reference data

The world of client onboarding is bracing itself for a raft of new regulations that will have a significant impact on global reference data and associated data quality for risk management and compliance. Legal Entity Identifier (LEI) regulation aside, many of the new emerging regulations - such as FATCA, EMIR, MifID II, Dodd-Frank and the Volcker ...

10 July 2012 /regulation /wholesale Data Management 101

FATCA: The Practical Challenges of Client Identification

Many organisations are awaiting further clarification of requirements before determining their approach to FATCA compliance. Indeed interest groups continue to lobby for further burden reducing concessions and undoubtedly there will be further changes to the existing proposed regulations. However whatever the final requirements and relevant impact...

29 May 2012 /regulation /wholesale

Client On-Boarding: Maximising Revenue Opportunities

Low levels of process automation across client on-boarding and account opening in the Investment and Corporate banking space provides on-going challenges for banks and financial institutions in terms of revenue growth, client service and compliance management. So why has this space remained neglected for so long? Well, in fairness it’s not so much...

23 April 2012 /regulation /wholesale