230 Results from 2015, /regulation
Ainsley Ward Vice President, Payments Solutions at CGI
If I walk into a shop, pick up any item and then walk out again, the chances are that store security will stop me and I'll probably end up in court pretty soon. Likewise if I walked into a bank branch and demanded all the cash, it's likely my face will end up on Crimewatch UK and the court will beckon. So I won't try either of those crimes (even i...
23 December 2015 /payments /regulation
Ben O'Brien Managing Director at Jaywing
In 2015, we have seen increased regulatory scrutiny as supervisory bodies look to reform the banking industry and a new culture of supervision and best practice continues to be set by the Bank of England. The aim of this increased crackdown is to support resilience of individual institutions and the system as a whole. Over the course of 2015, we’v...
23 December 2015 /regulation /retail
Retired Member
Market participants are usually surprised to find that the governance of the ISIN system is not the responsibility of ISO (the International Organization for Standardization). As the Association of National Numbering Agencies (ANNA) is the Registration Authority for the ISIN standard (ISO 6166), it is ANNA that decides which organisation is allow...
17 December 2015 /regulation
Henner Brüner Managing Principal at Capco
Don't drown in the waves of T2S implementation. Surf them in pursuit of lasting competitive advantages, delivered through effective liquidity and collateral management. T2S-related preparation and implementation is another example of costs incurred in reaction to yet more imposed regulatory change, right? Wrong. In fact, and given the right approac...
15 December 2015 /regulation
By recommending that the European Commission should adopt Technical Standards that mandate the use of only ISINs for MiFIR regulatory reporting, ESMA has in practice reinforced the sole-supplier status of each non-competing ISIN issuer across the 28 EU member states. So - who are these ISIN issuers? Of the National Numbering Agencies (NNAs) in t...
14 December 2015 /regulation
Nanda Kumar CEO at SunTec Business Solutions
The catastrophic global recession of 2008 sent ripples through the banking sector. Many banks struggled to cope with massive losses suffered because of debt they accrued through somewhat risky investments. Banks, like the Lehman Brothers, went under and others are only now starting to recover by taking the same risks but in a less haphazard way. T...
14 December 2015 /regulation /retail
Looking ahead to 2016, it’s clear there are going to be new KYC rules drafted or implemented around the world. These new rules will require banks and investment managers to challenge the way they conduct client on-boarding and due diligence – these organizations will need to embed processes that ensure they literally know their clients 24 hours a ...
14 December 2015 /regulation /inclusion
What happens if an ISIN issuer for a country hasn't issued or doesn't want to issue ISINs for some asset classes or instrument types? What if a country has no official ISIN issuer? That's where "Substitute Numbering Agencies" (Substitute NAs) have a special position. For territories that do not have an ISIN National Numbering Agency, t...
11 December 2015 /regulation
The second and third principle of RDA (BCBS239) emphasizes on reliable risk data management framework. Data should be complete enough to reflect the enterprise-wide view of risk to all the stakeholders and it applies to all the relevant risk dimensions like Lines of Business, Geography, and Counterparty etc. Over and above data should be complete,...
Neil Crammond risk education & real time market abuse at DIVENTO FINANCIALS
PARIS EURONEXT & VIRTU FINANCIAL FINED $5 MILLION EACH ! Finally after countless complaints over numerous years a regulator ha finally punished an exchange for failing to provide fair and orderly markets . However the best punishment would of been to suspend both of them ! It now appears that exchanges have given certain members privileg...
09 December 2015 /regulation
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