4459 Results from /regulation
Freddie McMahon Director Strategy and Innovation at DF2020 Ltd
There is a very interesting issue related to GDPR that has emerged from the USA. Very simply, USA firms that adhere to GDPR, but do not apply at least the same level of consent to its domestic customers may be acting illegally. The implications are staggering. The rationality for this argument is that there is a USA law related to “national origin ...
18 May 2018 /ai /regulation Banking Regulations
Myles Milston Global Head of Distribution Solutions at Apex Group
Inadequate oversight can create industry crises — an effect we are starting to see in crypto. Over the last year, tokens have been at the centre of multiple global hacks and large-scale fraud - such as the theft of $400 million in Coincheck tokens, the Parity coding error that froze over 513,776 ETH, the PlexCoin ICO which saw the SEC freeze $15...
18 May 2018 /regulation Blockchain Observations
Retired Member
For years, auditors have used interviews and workshops to conduct successful company assessments. As more businesses become digitised, auditors need to blend traditional techniques with a more data-led approach. In the face of higher expectations for accuracy, internal departments need to take note: big data is changing the way organisations opera...
16 May 2018 /regulation Internal Auditors in Financial Services
What is Open Banking? Starting January 13th, the largest UK banks began the process of allowing their customers to request transaction data be shared with third parties. Barclays, HSBC, Lloyds, Bank of Scotland, Halifax, Nationwide, RBS, NatWest, Santander, Danske, AIB, First Trust, and Bank of Ireland have given control of current account tran
14 May 2018 /regulation Open Banking
GDPR introduces ten new rights to data subjects. Chapter III of GDPR, Section 1 provides for some of the transparency requirements placed upon data controllers as they communicate with data subjects. It explicitly refers to several Articles 13 – 22 and Article 34. In plain English, that means: The controller has to provide certain information to ...
09 May 2018 /regulation Banking Regulations
Keith Stonell Managing Director, EMEA at Guidewire
GDPR implementation is now weeks away. The impact that GDPR will have on the insurance industry has been well documented. Indeed, I’ve previously commented on it here. Some of the concerns that have been voiced look well founded; for example, a stampede of consumers flexing their muscles on data privacy. Recent research suggests that two in five
09 May 2018 /regulation Data Protection Act Issues
Ivy Schmerken Editorial Director at FlexTrade Systems
Diving into one of the more controversial issues in equity market structure, U.S. regulators are moving forward with the transaction-fee pilot that will force stock exchanges to lower the fee caps on rebates they pay to brokers and market makers. “I think the SEC is about to embark upon a productive time for assessing market structure reforms,” sai...
07 May 2018 /regulation Financial Services Regulation
Iosif Itkin CEO at Exactpro
In a nutshell, the job that we do comes down to infiltrating large financial market infrastructures with specially designed tools to influence the outcome of the software development life cycle. We have been implementing this strategy across the globe for nearly 9 years. But even in the most critical, robust and reliable large infrastructures, the...
05 May 2018 /regulation Operational Risk Management
Nanda Kumar CEO at SunTec Business Solutions
10 years after the last financial crisis, a new upheaval in banking It’s been 10 years since the global financial crisis, considered by many to be the worst since the great depression. New regulations like the Banking Act of 2009, the FSA Remunerations Code, Know Your Customer (KYC), accompanied by stress tests, have been put in place in this dec...
04 May 2018 /security /regulation Banking Regulations
Legacy Systems remain problematic. Legacy Systems constrain change enablement. FinTech accelerates change. Legacy Systems are costly and slow to change. FinTech is inexpensive and quick to change. The knowledge to change Legacy Systems dilutes overtime. Diluted knowledge increases cost, time and risk. Solution Stage 1 Capture Legacy Systems kno...
04 May 2018 /ai /regulation Business Knowledge for IT
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.