4425 Results from /regulation
Retired Member
Whilst there’s little denying that AI, machine learning and automation are some of the most important developing technologies, headlines that announce: “The robots are taking our jobs!” may be a little premature. When it comes to the accounting department there’s no technology (yet) that can match the problem-solving adaptability of an experienced...
25 April 2017 /regulation Trends in Financial Services
As the FCA publishes its near final rules on MiFID II and fines a former investment banker for sharing confidential information over WhatsApp, now is a good time to look at why firms need to be able to find content and understand the context of a conversation quickly and easily, irrespective of the applications in use. The nature of the modern wor...
25 April 2017 /regulation Financial Services Regulation
I am quite fascinated with the European Central Bank’s (ECB’s) AnaCredit Regulation that came into effect on 18th May 2016 – A regulation that requires granular credit data sets from the national central banks (NCBs) of the member countries based on the data they collect from their constituents- Banks and Credit Institutions. The project was initi...
24 April 2017 /regulation Financial Services Regulation
When the SEC, last month, announced the proposal from Winklevoss Bitcoin Trust was declined, they made a clear statement to the cryptocurrency community: more security is needed. In their terms, they did not "find the proposal to be consistent with Section 6(b)(5) of the Exchange Act, which requires, among other things, that the rules of a nat...
23 April 2017 /regulation Disruption in Retail Banking
Trading in auctions – in contrast to continuous matching – has long been poised to grow under MiFID II, due to the technicalities in the pre-trade transparency regime and its waivers. With the go-live date edging ever-closer, the regulation has become a catalyst for innovation instead of being merely a cost of doing business. Exchanges are current...
21 April 2017 /regulation
Every business quickly learns the value of the conversations they have with their customers. They aren’t only the lifeblood of any organisation fuelling transactions and growth but also offer invaluable insight into what clients want and how they communicate. The looming implementation of the MiFID II directive for financial services institutions ...
19 April 2017 /regulation Trends in Financial Services
As Anti-Money Laundering (AML) regulations and expectations have continued to grow and change (e.g., the new FinCEN CDD Rule and the 4th EU Money Laundering Directive), so too have the expectations of AML Officers and their teams. As masters of their domain, their responsibilities have generally focused on ensuring that their policies and program...
17 April 2017 /regulation Innovation in Financial Services
Research by Equifax has found that consumers want the process of applying for financial products online to be quicker. People want an immediate decision on loans, and a decision within a day on bigger commitments. This presents lenders with a problem. If the two big financial scandals of recent years - PPI and mortgage mis-selling - have taught t...
12 April 2017 /payments /regulation
The current debate between ESMA, the European Commission and market participants on the establishment of networks of systematic internalisers (SIs) is unsurprising given the amount of regulatory change and the potential for market innovation. Last week ESMA expanded on what’s behind its thinking on the topic in its most recent Q&A. ESMA’s o...
10 April 2017 /regulation
Part 1 by the link (internal link finextra.com) Finally, there is the third option. It seems to be the easiest and most rational and entails no extra expenses if the customer identification aspect is taken into consideration right away. In spite of the fact that the basic legislation is the same for all European countries, it is just the foundat...
05 April 2017 /payments /regulation
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