230 Results from 2015, /regulation
Luke Trigg Co-founder at Logical Construct
In early March the European Banking Authority (EBA) published a consultation paper outlining draft regulatory standards for the minimum set of data that institutions should hold on their contracts within the European Union. Rather than requiring a few scant details that can easily be covered off by any in-flight programmes to patch-up data, the dr...
24 April 2015 /regulation
Graham Seel Principal Consultant at BankTech Consulting
or Spare a Thought for the Poor Can’t-Win Regulators. Regulators are about as popular among Financial Inclusion enthusiasts as a football (soccer) referee. Referees get credit for slowing the pace of the game, blinking and missing a bad tackle, misjudging offside (after all we have a much better view, don’t we?), and being out-and-out spoilsports....
23 April 2015 /regulation Financial Inclusion
Marc Murphy CEO at Fenergo
It’s been a calamitous few years for investment banking. Between profit slumps, job cuts, unprecedented fines for non-compliance and the incessant onslaught of regulatory pressures, it’s been one controversial crises after another. So much so that financial institutions have been busily retrenching and reducing the size and importance of their inv...
21 April 2015 /regulation /wholesale Financial Services Regulation
Retired Member
City of London Police Chief Adrian Leppard, at a recent Tech UK conference, said that up to 80% of online crime goes unreported to the authorities. The Commissioner told the audience that the scale of the threat is much greater than the public think, so much so that it may have even surpassed what drugs make up the criminal economy. Leppard’s conc...
21 April 2015 /security /regulation
Anthony Pereira CEO at Percentile
Six key tenants for risk technology platforms, to ensure they can handle risk calculations, aggregation and reporting requirements in ever more complex and fragmented market structures. Given events in the financial sector in the past decade, it’s safe to say all eyes are on risk. In the context of lessons learned from the financial crisis, the B
20 April 2015 /regulation
Anthony Pickup Consultant at Capgemini Invent
Following the publication of these functional requirements[1] and the rapidly changing technology available there is a risk the document is out of date before it is agreed The document as one may expect it is very focused on EMV technology that is based in the 1990’s. This EMV technology was updated with the addition of contactless technology in ...
The UK law reform initiated by the Bribery Act 2010 created new criminal offences, with both individuals and employers potentially liable for a breach. The same year, the US Securities and Exchange Commission (SEC) enacted the Dodd-Frank Wall Street Reform and Protection Act. The US Act included a whistleblower incentive programme, encouraging emp...
16 April 2015 /security /regulation
One of the benefits we’ve seen rise out of the very public and high-profile data breaches featured in the news recently is a certain level of awareness around cyber-security. Organisations of every size are waking up to the importance of implementing a considered and thorough security strategy, and are proactively taking a closer look at how they ...
14 April 2015 /security /regulation
Neil Crammond risk education & real time market abuse at DIVENTO FINANCIALS
I am constantly asked about market abuse and manipulation within our markets and how best to combat these undesirable threats . Since entering the trading arena in 1982 I have witnessed a number of abuses BUT have always believed that exchanges have monitored a fair and orderly market place ;however I now struggle to accept this especially with E...
09 April 2015 /regulation
I was relaxing on my way home on the 7.02 from Waterloo last night when I came across Nick Goodway's excellent article on the impact of unbundling and research procurement. As everyone knows, ESMA wants to make sure that transparency rules the day when it comes to how investment managers use client money, especially when it comes to paying for re...
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