4453 Results from /regulation
Brett King CEO & Founder at Moven
Recently I have been embroiled in an interesting debate on Finextra.com regarding the death of cash, or as some may classify it, the premature assassination of cash. Connected with this the threat of BitCoins have recently been extolled throughout the media with the intensity only normally afforded more existential threats such as terrorism or lar...
08 August 2013 /payments /regulation Innovation in Financial Services
Retired Member
Mexico CFDI PAC Strategies (Part 4 of 5) - Customers create Chaos It should not be forgotten in this discussion around government XML standards and compliance mandates that the purpose of an invoice (electronic or paper) is to get PAID. A few things that you need to be aware of concerning the distribution of the invoice, as it is not common for t...
08 August 2013 /regulation Electronic invoicing
Hans Tesselaar Executive Director at BIAN
Banks are currently spending 45% of their IT budget on updating channels. This is according to a new whitepaper from Sudhir Varadarajan of software service provider, Tech Mahindra. This equates to spending approximately 3-4% of overall bank revenues on updating branches, ATMs, customer service centres and multi-channel integration, as well as onli...
08 August 2013 /regulation
According to a report published by Technology Business Research last week, IT investment among North American banks is on the rise, with one of the main drivers for this being data management. This echoes findings of research SunGard recently conducted into risk management trends and priorities among more than 750 of our banking customers in 60 c...
Who would have thought that one of the key components of an electronic document would be a printer? Aren’t printers for paper and isn’t this a contradiction to an electronic invoice? In the case of Mexico, printing the invoice doesn’t refer to the one you send your customer. In this case, it is required to be on the truck in order for you to ship...
07 August 2013 /regulation Electronic invoicing
The Brazilian SEFAZ, tax authority, in combination with the ENCAT, the technical arm of the SEFAZ, has just published the latest version of Nota Fiscal as of July. In future blogs, we will be discussing the impact to the current processes; however, these are the key items your teams should be aware of concerning the timing and breadth of the ch
06 August 2013 /regulation Electronic invoicing
Risk Managers and Risk Architects were enjoying a slow beginning to the year when the Basel Committee decided to release a new directive of risk data aggregation and risk reporting. Sure enough, no organization had in earnest thought of the right architecture for risk reporting. So while the new directive did set the scene for additional requiremen...
06 August 2013 /regulation Future Finance
In my previous article concerning Mexico CFDI electronic invoicing, we focused on the logistics and shipping aspects of the CFDI legislation. The lesson learned from that article was: the new laws affect your ability to ship, so make sure you don’t just contract with a single point of failure. Instead, ensure you have built-in contingency and a m...
01 August 2013 /regulation Electronic invoicing
European equity brokers face a number of challenges during the current ‘interim’ between the original MiFID Directive of 2007 and its MiFID 2 successor. And the interim period is unfortunately becoming steadily longer as debate on the details of MiFID 2 and MiFIR grinds on, with implementation unlikely before 2015, at the earliest. Recent progress...
01 August 2013 /regulation
Front-running is regarded as a form of market abuse and is banned accordingly. Although it is widely accepted that MiFID II will implement new regulation on algorithmic and high-frequency trading, that doesn’t seem to have stopped the law makers indulging in a little ‘front-running’ of their own. First, Germany passed its HFT Act ahead of schedule...
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