4373 Results from /regulation
Retired Member
Let AML monitoring find the FATCA needles in your haystack FATCA and the Model IGAs define certain thresholds that determine the relevance of new accounts and the level (and timing) of scrutiny required for pre-existing accounts. For example, under IGA, a new individual customer is not relevant until and unless the aggregated balance of their depo...
04 July 2013 /regulation
When sales are waning, when your marketing department seems at wit’s end with regard to reversing the downward spiraling sales and when you are seeing a cash flow crisis looming on the horizon, you still have options. Value Added Marketing I know the concept isn’t new. It’s been around since the 70’s—a gift, if you will; from Ed Valenti of Ginsu kn...
In today’s dog-eat-dog world of high risk and financial uncertainty it can be easy for businesses to become disorientated and lost in their ongoing quest for a greater competitive edge. This can take on many forms, but it’s interesting to note that the number of banks and financial services organisations taking steps to upgrade their data networks...
03 July 2013 /regulation
In my last blog post, “The Future is Sooner and Stranger Than You Think” I had talked about the characteristics of Big Data in terms of the 4 Vs (Volume, Velocity, Variety, Value), the 5 Ms (Monitoring, Mapping, Management, Middleware, Measurement). Today Big Data is inescapable in the Financial Services industry, with increasing volumes of custo...
02 July 2013 /regulation Future Finance
Risk and control self-assessments have been common in the finance industry for many years – so why are they still relatively ineffective? I believe the answer is fairly straight-forward; it’s all to do with the value (or lack of value) of their output. In order to make assessment outputs more valuable to investment banks and other financial firms, ...
28 June 2013 /regulation
This week saw the publication of the European Parliament’s amendments to the EU Financial Transaction Tax (FTT). As reported in the press, lower rates (until 2017) for sovereign debt and pension funds have found their way into the proposal. Unfortunately, some very unpleasant surprises crept in as well. According to the Parliament, firms engaging...
27 June 2013 /regulation
To successfully implement Account Payable E-invoicing or Shared Services in Latin America, you will need a regional solution approach that is addressing the issues, culture and technical requirements. There are a lot of companies that will claim electronic invoicing compliance through some signing partners, but it is important to understand the r...
25 June 2013 /regulation Electronic invoicing
Tushar Chitra Vice President, Product Strategy and Management at Oracle Financial Services
On April 17th, the ICC Banking Commission approved the URBPO contractual rules, which will be brought into effect from July 1st 2013.This recent announcement is likely to create ripples in the financial services industry. In this blog I will review what BPO means, what are the uniform rules (the UR in URBPO) mandated by ICC, and what would be the ...
24 June 2013 /payments /regulation Future Finance
Richard Chapman Head of Strategy at SunGard
Banks are under pressure to deliver growth to ensure long-term survival. But growth initiatives of new services and products are dependent on the application of new operational processes, including reconciliation and exception and dispute management. Here’s the catch-22 – growth represents both an opportunity and a challenge for banks. While innova...
20 June 2013 /regulation Financial Risk Management
So, you have received the news by now. And, most likely the Mexico change is starting to make waves through the organization. Well, hopefully it is making waves because if it’s not, it surely will come crashing down January 1, 2014. We estimate that 20% of multinationals or more will struggle to meet the deadline because they will fail to evalua...
19 June 2013 /regulation Electronic invoicing
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