4425 Results from /regulation
Retired Member
Criminal activity, including fraud, is ancient. But there is a type of merchant-based, online fraud relatively new to the payments industry. Known as Transaction Laundering (TL), this form of fraud is spreading quickly, often undetected by Merchant Service Providers (MSPs), including payment processors and acquiring banks. MasterCard defines TL ...
07 November 2016 /payments /regulation
Chris Day Partner at Perdl
The road to semantic discovery within the G-SIB's and prospective D-SIB's seems to be yielding little in the way of reward. More often than not, only a handful of business terms have been found and their definitions agreed upon. I find this all too perplexing and the excuses I hear are just frankly excuses. To speed things up, we have to look outwa...
03 November 2016 /regulation
The CFTC announced on October 31st, 2016 that they issued Orders of Registration to the following Foreign Boards of Trade (FBOT): Eurex CME Europe Limited ICE Futures Europe The London Metal Exchange London Stock Exchange We congratulate these exchanges on their newly acquired Orders of Registration. These Orders of Registration will allow...
01 November 2016 /regulation Financial Services Regulation
Nanda Kumar CEO at SunTec Business Solutions
The United States presidential race is in its home stretch. Trump is confident of victory but his policies for the financial services industry are questionable. In his manifesto he states he wants to rid the US of the Dodd-Frank law, which he feels is impeaching on the amount of capital financial institutions can hold. His opponent, and a former F...
31 October 2016 /regulation /retail
So last year my beloved Audi blew up. Its demise didn’t happen overnight, of course. It was slow, painful and costly with thousands of pounds spent on repairs. Shortly afterwards I went straight to an Audi dealership to upgrade my old model to a Q5, only to be reminded by my wife that we’d already had two Audis, both beset by similar problems. I...
31 October 2016 /regulation
Tejasvi Addagada Enterprise Data Head at Fortune 500 financial service provider
I was just having a casual conversation with one of my friends over the BCBS implementation in his Bank. We were in fact discussing on where Data Governance and Management in the industry is today. What interested me as a part of our conversation is a question “How has a bank to stop itself from failing to meet its BCBS policy timeline”. I can st...
29 October 2016 /regulation
Generally speaking, the buy side has not been as attuned to the 871(m) implications because it may not be directly in the chain of withholding from an operational standpoint. The good news for the buy side is that it can focus most of its efforts on pre-trade screening to determine the types of transactions covered by the scope of these rules. 871...
27 October 2016 /regulation
Nigel Farmer Industry Director, Capital Markets at Software AG
The management, retention and reporting of huge data volumes is so onerous that many financial services firms are missing out on the value of this data; they are awash in a sea of data with nothing to drink. Banks are dealing with ever increasing volumes of data, from trading data to communications and social media, coming from many different sourc...
In my last blog, we explored the 3 core client lifecycle challenges facing wealth managers – regulatory compliance, operational and technological challenges and client experience impacts. Considering these challenges, it’s plain to see that the HNWI client lifecycle management process is crying out to be digitized. But what does digitizing the cl...
26 October 2016 /regulation
Ivy Schmerken Editorial Director at FlexTrade Systems
Disclosure is the rage in financial markets regulation and the latest set of proposals relate to order handling rules. Regulators are seeking to boost transparency into the order routing practices of broker-dealers and trading venues that reroute their orders in U.S. listed equities across exchanges and other trading venues. As many know, on July 1...
25 October 2016 /regulation
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