269 Results from 2013, /regulation
Retired Member
With ESMA’s (European Securities and Markets Authority) regulatory technical standards (RTS) codifying the European Market Infrastructure Regulation (EMIR) into an applicable set of rules entering into force on 15 March 2013, the implementation timeline for EMIR has now become much clearer. The CCP registration process Under EMIR CCPs apply for a...
12 March 2013 /regulation
David Divitt Senior Fraud Product Manager at VocaLink
In the past, risk and fraud systems were managed separately, by different teams with different strategies and objectives. It’s been that way for many years, but we’re now starting to see a softening of the boundaries, especially at PSPs and merchant acquirers. Many of these firms are pioneering the drive to bring together risk and fraud into one co...
11 March 2013 /security /regulation
Neil Crammond risk education & real time market abuse at DIVENTO FINANCIALS
Since regulators have issued £££ millions of fines to our guilty libor traders I have struggled to find where these monies finish up ? The reason behind this quandary is simple ; because FSA 2012 budget was only £126 million , i was hoping the majority of these fines would of been released back to the regulator to catch more ...
11 March 2013 /regulation
All information technology essentially offers an abstraction from an underlying reality, enabling that reality to be understood in simpler, more human centric and hopefully better ways. Some abstractions are good; the early GUI notion of “documents”, “windows” and the “desktop” allowed early PC users to interact with a strange new tool. Some abst...
Martin Ruda Managing Director at Tall Group
Business Process Outsourcing was the topic of conversation at the recent breakfast briefing in London organised by the Institute of Operational Risk. The Tall Group was one of four key speakers at the event to discuss risk considerations from a supplier’s perspective. The briefing was designed to provide a forum for discussion, including the FSA’s...
08 March 2013 /regulation
In previous articles, we discussed the concept of Eventos that the Brazil tax authority was evaluating. And as always, the first wave of inbound receiving mandates are already hitting specific industries. Currently, the concept of Eventos is mandated to be implemented for Oil and Gas companies. The mandates fall into two basic industry categorie...
06 March 2013 /regulation Electronic invoicing
Pre-global financial crisis, collateral management was a spreadsheet-based function, often a box ticking exercise. However, it is now undergoing a huge shake up, as incoming regulations are redesigning the clearing landscape. The US Dodd-Frank Act and its European equivalent, European Market Infrastructure Regulation (EMIR) are transitioning the d...
05 March 2013 /regulation
Post-Lehman, risk information has been in high demand. Still, there seems to exist a “risk gap” among risk managers and risk takers including fund managers and traders in the front office who continue to view risk management as an ‘after the fact’ middle office reporting routine for investors and regulators. In effect, many risk takers are still n...
04 March 2013 /regulation
Discussions in Brussels between EU country representatives on European banking ended last night, with the decision taken to automatically cap banker bonuses at the level of their salary or two times their pay, if a shareholder majority grants it. The UK is worried that the ruling will damage its position as a major international financial hub. But...
28 February 2013 /regulation
Marc Murphy CEO at Fenergo
On the plane back from a meeting recently, I got to thinking about the complexity of compliance. The sheer number of new and evolving regulations that are coming down the road is simply staggering. Imagine having overall responsibility for understanding each of these new regulations, analysing and determining their impact on the bank and having to...
27 February 2013 /regulation /wholesale Financial Services Regulation
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.