230 Results from 2015, /regulation
Colin Weir CEO at Moroku
In Australia, ASIC and the ABC are on the hunt for unscrupulous Pay Day lenders. Pay Day lending is the provision of small, short terms loans to people that require financial cover to pay day. Annual Percentage Rates (APR) can exceed 1000% as advertised by www.payday.uk “£230 borrowed for 28 days. Annual interest rate of 292.2% (fixed). Total amou...
01 April 2015 /regulation /retail
Retired Member
Cyber Attack Vector… the Human Operating System is 100% Vulnerable Cyber-attacks are through the roof. Numbers from the FBI, Verizon Breach Report, The Ponemon Institute and nearly every industry source all agree the number of attacks are dramatically increasing. We have all heard of Target, Neiman Marcus and so many others. So the question i...
31 March 2015 /security /regulation
Anne Plested Regulation at ION Markets
Having taken several years to get through the review of MiFID, it was interesting to hear from ESMA chair Steven Maijoor last week that there is an appetite to “explore the mechanisms to address regulatory adjustments in a flexible and agile manner”. Neither national authorities nor ESMA have any tool like the ‘no-action letter’ employed in the US....
30 March 2015 /regulation
Currently, it doesn’t really matter whether dark trades are executed under the reference price waiver (RP), large in scale waiver (LIS) or a negotiated trade waiver (NT). However, under MiFID II, the waiver flavour will make a significant difference. Whilst RP and parts of NT will become subject to the clunky double volume cap, LIS will not, so we...
26 March 2015 /regulation
With less than 12 months to go before the official January 2016 deadline, the Basel Committee on Banking Supervision’s latest report reveals that banks are struggling to comply with the Principles of BCBS239. The report published in January 2015 represents the capabilities and progress of the 31 Global Systemically Important Banks (G-SIBs), in thei...
24 March 2015 /regulation
Risk has become a topic for constant discussion and assessment in investment banking. In an environment where instant messaging, process automation software and recording voice instructions increasingly via direct instruction from investors are just some of the methods by which orders are placed, good user experience design presents an opportunity...
Defining what BCBS 239 compliance looks like remains clouded in mystery. Tough ‘show and tell’ discussions rage on between banks and regulators as to what absolutely must be done to meet the requirements of the principles. But what if it could all be rolled up into a simple litmus test? One that could be presented to your board as being a good, so...
23 March 2015 /regulation
Ian Stone CEO at Vuealta
From my experience, a recent trend has emerged in the banking industry, whereby regulatory changes are no longer the primary concern of financial services executives. Instead, implementing a digital strategy has seemingly leapt to the top spot. In our digital world it’s concerning that one of the biggest industries around the globe is still strugg...
Tejasvi Addagada Enterprise Data Head at Fortune 500 financial service provider
There are enterprise horns honking the words that Big Data has the potential to drive Banking to a novel era. Being a millennial and an avid believer of business transformation driven by technology, I don’t think twice on a positive nod for this aspect. However, Enterprise Data Governance has become a new normal for most large banks. Various aspect...
19 March 2015 /regulation
The unbundling of payment for research is a top concern for the industry. There seems to be general acceptance that, one way or another, Europe is set on the soft dollar research market becoming a hard dollar one by January 2017. Despite calls for more clarity and the recent publication of the FCA discussion paper on the regime, opinion remains d...
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