283 Results from 2017, /regulation
Ivy Schmerken Editorial Director at FlexTrade Systems
With a new head of trading and markets at the SEC, there is optimism that some of the complex market structure issues – such as make-taker incentives and sky-high market data costs — will be looked at in 2018. As these issues wait to be settled, buy-side traders are also grappling with the EU’s MiFID II rules on unbundling research payments from...
01 December 2017 /regulation MiFID
Retired Member
The Final Rule brings with it a raft of regulatory compliance challenges for financial institutions. While its intention is to promote “uniformity and consistency” to “strengthen the system as a whole by further limiting opportunities for inconsistent application of unclear or unexpressed expectations”, the Client Due Diligence (CDD) Final Rule st...
29 November 2017 /regulation
On 22nd November, the UK government reaffirmed its commitment to having a leading regulatory and technology environment in the UK. Within the Autumn Budget 2017 speech, the Rt Hon Philip Hammond announced a new £10bn Regulators’ Pioneer Fund, established to “help regulators to develop innovative approaches aimed at getting new products and service...
29 November 2017 /regulation /startups Fintech
Niall Twomey Chief Technical Officer at Fenergo
Cloud technology has developed and evolved in line with the myths that surround it. Up until 15 months ago, banks were publicly reticent about moving core banking services to the cloud for a myriad of regulatory and security concerns, including issues over confidentiality of data, lack of control of data, data breaches, and legal and compliance is...
28 November 2017 /regulation
Colin Harper Business Consultant at HPS Ltd
It has now been more than three years since BIS published their paper back in 2013 in response to the financial crisis, with the snappy title of ‘BCBS239: Principles for effective risk data aggregation and risk reporting’ ¹. Since then, the world’s largest banks have worked towards the compliance deadline of 1 January 2016, but with only limited su...
There is no doubt about it – RegTech is hip. Bankers dangle the word over their working breakfasts, while technology teams slather it on proposals they are seeking funding for, along with its cousin, FinTech. The term is a contraction of “regulatory” and “technology” that seems to have no sense of irony about just how traditionally uncool the two ...
27 November 2017 /ai /regulation
Freddie McMahon Director Strategy and Innovation at DF2020 Ltd
The most common misperception about Chatbots is that Natural Language Processing (NLP) is the only method for delivering conversation-as-a-service. Though this is not true, as covered in earlier articles, it is important to understand some of the NLP limitations. The popularity of Chatbots naturally being able to converse with people generally star...
24 November 2017 /ai /regulation Futuristic Banking
On the 7th of November 2017, the UK PSR (Payment Systems Regulator) published a report and consultation paper “Authorised Push Payment scams PSR-led work to mitigate the impact of scams, including a consultation on a contingent reimbursement model*”. This paper is coming as a result of a complaint submitted in September 2016 from the consumer body...
23 November 2017 /security /regulation Online Banking
Security and data security concerns have traditionally topped the list of issues for lack of adoption of cloud technologies by banks. Security and data security concerns have traditionally topped the list of issues for lack of adoption of cloud technologies by banks. In a survey conducted by Forrester Research a few years ago, it found that the top...
23 November 2017 /regulation
Jean-Stephane Gourevitch CEO at Mobile Convergence Ecosystems Ltd.
Not the Messiah, just a very very nasty boy: Uber abhorrent actions on huge data breach https://www.technologyreview.com/s/609539/uber-paid-off-hackers-to-hide-massive-data-breach/?utm_source=newsletters&utm_medium=email&utm_content=11-22-2017&utm_campaign=the_download Another day passing, another Uber’ story exploding, another data ...
22 November 2017 /regulation Data Management 101
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