4477 Results from /regulation
Martin Bailey
I'm not, by nature, a suspicious man. But whenever I receive an unsolicited email from an institution with which I hold any kind of account, I resist the convenient temptation of clicking on the link in the email. I always go to my browser and type the address in myself - it's the only way to be sure. I assumed that everyone else did the same, but...
11 September 2012 /security /regulation Online Banking
Retired Member
The world of Financial Services is at a serious crossroads. Whilst many in the Finance profession sniggered at the recent motivations and methods of the worldwide “Occupy Wall Street” movement – a deeper, more subtle Financial Services industry transformation may already be underway that might well validate their sentiments over the coming decade...
11 September 2012 /regulation Finance 2.0
OTC Clearing: part 2 “[…] The financial crisis that began in 2007 had its origins precisely in over-complex regulation.” These are the wise words of Niall Ferguson, Professor of History at Harvard, speaking at this year’s BBC Reith Lectures. He goes on to cite Dodd-Frank as a near-perfect example of excessive complexity in legislation. Those of you...
11 September 2012 /regulation
OTC Clearing: part 1 Just three years ago the G20 leaders agreed upon a common course to regulate the financial markets, with focus on standardising OTC derivatives. In that time regulators have created the largest reform packages since the dawn of modern financial history including Dodd-Frank and the European Market Infrastructure Regulation (EMI...
04 September 2012 /regulation
Decision automation systems without IT involvement are moving from the frontiers of innovative thinking to a mainstream necessity. This manifests the current “innovate or stagnate” approach in the financial services industry. This article describes potential drawbacks and shows what to keep in mind during technological changes. The most common cha...
03 September 2012 /regulation /retail Financial Risk Management
Volatility in global markets, and in particular, the debt crisis in the eurozone has placed many corporations at greater risk, and in particular FX risk. “Vulnerability to Volatility Risk – a Global Challenge,” a survey conducted by the Economist Intelligence Unit, concluded that a majority of bankers, insurers and asset managers, as well as finan...
28 August 2012 /regulation /sibos
Jay Kavala Director- Product Management Clari5 at CustomerXPs Software Private Limited
Who is liable for the lost funds when fraud happens in a customer’s bank account through the illegitimate access/use of ATM or internet banking or mobile banking? Answer to the question depends on the country in which the account is being operated. Currently, in India, the liability equation is completely skewed in favor of the bank. Customer is r...
28 August 2012 /regulation /retail
Robert Siciliano Security Analyst at Safr.me
Scammers tend to follow an editorial calendar much like journalists do. For example when the holiday season is coming journalists often write about bargains to be had while scammers use the season as an opportunity to try and entice users with deals that are “too good to be true.” This same practice is also used for high-value news items such as a...
28 August 2012 /security /regulation
Last week I argued that regulators need to get proactive if they are to reduce situations similar to that which engulfed Standard Chartered and those that are now threatening other major banks; in practice, something that is much easier said than done. In fairness to the banks, they are faced with huge compliance demands due to thousands of countr...
22 August 2012 /regulation /retail
Marc Murphy CEO at Fenergo
As we near summer’s end, many of us will be experiencing that old familiar “back to school” feeling, as we refocus our thoughts and plans towards the forthcoming term. In financial services, the focus will be very much on the imminent finalisation and arrival of new regulations – particularly FATCA. It’s true to say that most foreign financial ins...
22 August 2012 /regulation Data Management 101
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