4423 Results from /regulation
Nanda Kumar CEO at SunTec Business Solutions
Last year has been a rocky year for banks and financial markets. 2016 was a year of major fluctuations, driven by political changes across the world. The markets have reflected these turbulent times, with the greatest number of fluctuations the market has seen in 50 years. Banks have to mitigate these risks and adapt to new market changes. Banks h...
09 January 2017 /regulation
Retired Member
With just 364 days left to go, the MiFID II go-live date looms large. But with complex regulation spanning several hundred pages of text it is no great surprise that some MiFID II deadlines will come in earlier than 3rd January 2018, while others leave more breathing space. For example, trading venues must submit their waiver applications to their...
04 January 2017 /regulation
Banks and buysides thought the holidays came early this year as the IRS issued transition relief guidance for Section 871(m) in the form of Notice 2016-76. There were sounds of rejoice with changes to the threshold for US equity derivatives products. The notice highlights that the regulations will only apply to delta-one transactions for 2017, thos...
03 January 2017 /regulation
I spent the holidays diligently researching the best brand of mince pies in order to settle a pre-Christmas debate here at the office. Naturally my criteria included a number of factors including (but not just) price and, perhaps surprisingly, the winner was Tesco's in-house bakery. Back at work, my attention turned to my other favourite M word – ...
RegTech alone will not save the banking industry. It must embrace digital and work out the supply chain disruption that #FinTech has created. However with profit margins continuing to shrink, regulations continuing to add further complexity on an already muddled landscape. Automation of process using technology, innovative use of technology to red...
30 December 2016 /regulation /wholesale Financial Services Regulation
ESMA has today published the latest Q&A on investor protection. The document spans many different topics, but what sparked my interest in particular are the comments around the best execution quality reports. Under MiFID II brokers have to publish their top 5 execution venues. Firms trading as non-members (i.e. via another broker) are aski
16 December 2016 /regulation
Ivy Schmerken Editorial Director at FlexTrade Systems
Demand for multi-asset trading on the buy-side has “renewed” the importance of the execution management system’s role on buy-side trading desks in the battle for screen-based real estate. However, listed derivatives centric trading platforms may no longer be the solution that clients are seeking, according to a recent Aite Group’s report, “Buy-Side...
15 December 2016 /regulation
Organisations today face more complex software risk than ever before. With an increasing number of breach and ransomware stories making front page news, the need for robust corporate defence has never been more vital. Indeed, data breaches that regularly make the headlines are often perceived as 'outsider' hacks, characterised by the belief a hack...
14 December 2016 /security /regulation
Consumer card transactions overtook cash payments for the first time in 2016, according to Euromonitor. Moving away from cash and checks is a signal of modernizing economies, more efficiency and less fraud—in a conventional sense. But as card payments grow, so do card crimes. In part one, we looked one driver of increased non-cash transactions, ...
13 December 2016 /payments /regulation
On December 1, 2016 the Financial Action Task Force (FATF) released its Mutual Evaluation Report of the US Anti-Money Laundering (AML) and Counter Terrorist Financing (CTF) Measures. While the report was generally favorable, it did point out a few areas that need to be improved – some of which could be catalysts for new changes in US policy. As we...
12 December 2016 /regulation Financial Services Regulation
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