4460 Results from /regulation
Retired Member
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
It’s a little over a year since the introduction of European Short Selling regulation and already it’s time for the European Commission to prepare its review. With its report due by the end of this month, the Commission has asked ESMA to provide some technical advice. Not surprising to practitioners, but maybe to politicians, ESMA observed mixed e...
19 June 2013 /regulation
Bankers have a reputation of being very conservative and well, frankly, boring. As an ex-banker I’d like to defend this and say that rather than the image of grey suited accountants, they should be seen as heroes like Tom Cruise in Mission: Impossible. After all – bankers are in the risk business – and are taking risks every day. Here in Malaysia,...
19 June 2013 /payments /regulation
Neil Crammond risk education & real time market abuse at DIVENTO FINANCIALS
Recent rumors have shown some companies have been allowed to both see and trade before officially numbers have been announced . They attempt to justify that these figures were given out in the public domain ? I struggle to see why the regulators do not act as this accounts to serious front running and simple to catch . Time and sales on their t...
17 June 2013 /regulation
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