206 Results from 2012, /regulation
Retired Member
In this article, I focus more on the issues faced with Nota Fiscal for Services when looking at the compliance tasks from an Account Payables point of view. Remember that Service invoices are handled much differently than invoices for goods. Here is a quick overview for background: NF-e for Goods vs NFS-e for Services Goods Oriented NFE Taxes as...
13 November 2012 /regulation Electronic invoicing
Rajneesh Kumar Associate Consultant at Infosys Ltd
Basel III norms are supposed to be implemented in India starting next year in 2013 and will be completed by 2018. In the aftermath of the financial crisis of 2008-09, the Basel Committee on Banking Supervision in 2010-11 came up with the new stringent capital adequacy requirement along with the new counter-cyclical capital buffers. The stringent c...
09 November 2012 /regulation
In October 2012 the (Australian) NSW ICAC published its report INVESTIGATION INTO ALLEGATIONS THAT STAFF FROM A NUMBER OF LOCAL COUNCILS AND OTHER PUBLIC AUTHORITIES ACCEPTED SECRET BENEFITS FROM SUPPLIERS AND THAT STAFF FROM TWO LOCAL COUNCILS FACILITATED PAYMENT OF FALSE INVOICES FROM SUPPLIERS (www.icac.nsw.gov.au). This report made 15 corrupti...
08 November 2012 /regulation Electronic invoicing
A big mistake that financial institutions are still making is using Excel as their reconciliation tool of choice. Research we have carried out suggests that in many of the larger financial institutions over 80% of reconciliations are performed in Excel or other user developed applications (UDAs). The lack of rigorous enterprise-wide tools for ens...
01 November 2012 /regulation
While we never expected the BofE to be thanking the #occupy movement Andrew just drop me a line if you would like some sensible legislation supported. Initial budget was about $1000, 2 people. Protests in 2400+ towns & cities. Startlingly effective, don't you think? There's definitely something to be said for social media eh? ;) BTW before...
31 October 2012 /regulation /retail Whatever...
An educational posting from me today on one of the most understated weapons ever unleashed in the counter-fraud world – Big Data Analytics. People often don’t realise that analysing vast chunks of data (commonly in the region of terabytes) can be done these days in real-time, or at the very least near real-time. It’s understandable that this is th...
31 October 2012 /security /regulation
Gary Wright Analyst at BISS Research
With settlement cycles shortening in Europe and in the USA, there is quite a debate going on in the market as to the best form of post-trade matching. Financial Services firms on both buy and sell-side have a decision to make about what suits their business best. Central matching or local matching? Certainly central matching has plenty of attracti...
30 October 2012 /regulation EBAday
Robert Siciliano Security Analyst at Safr.me
The term “cyberattack” or cyberwarfare is defined as “politically motivated hacking to conduct sabotage and espionage. It is a form of information warfare sometimes seen as analogous to conventional warfare although this analogy is controversial for both its accuracy and its political motivation.” “Weapons of Mass Disruption” are a growing concern...
30 October 2012 /security /regulation
“Americans have always cherished our privacy. From the birth of our republic, we assured ourselves protection against unlawful intrusion into our homes and our personal papers. At the same time, we set up a postal system to enable citizens all over the new nation to engage in commerce and political discourse. Soon after, Congress made it a crime t...
It seems to me that the Industry is split between the benefits or not, of high frequency trading (HFT) and it’s a polarisation which is so concerning that Sir John Beddington, UK Government Chief Scientific Adviser, has launched his report on the Future of Computer Trading in Financial Markets. Everyone appears to have an opinion, but very few of ...
29 October 2012 /regulation EBAday
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