269 Results from 2013, /regulation
Neil Crammond risk education & real time market abuse at DIVENTO FINANCIALS
Nasdaq omx has arrived as its daily volume hits a new milestone . Despite 50% still yet to be enabled to trade this exchange their volumes and more importantly open interest grows ............... Should alarm bells be ringing at EUREX and LIFFE ? I say so ! The introduction of FIFO in the STIRS contracts has been a great cataylst to their succ...
25 November 2013 /regulation
Ketharaman Swaminathan Founder and CEO at GTM360 Marketing Solutions
During a meeting with the CIO of a Top 5 bank in Germany, I was introduced to a lady who was retiring that same weekend. The CIO averred that she was the last employee in the bank's IT department who knew the nitty-gritty of a certain mainframe application. I pitched for a project to transform the legacy application to open system. The CIO promise...
Retired Member
UK banks are turning to expanding access to technology to rebuild customer trust and offer improved services. For example our client Barclays Bank is embarking on a major transformation programme that uses increased investment in technology to “create a much better customer and client experience at structurally lower cost, with better control and ...
22 November 2013 /security /regulation
Two important events happened in November 2013. First, the Fed released its latest stress test definitions, to be used as the basis of the Comprehensive Capital and Analysis Review (CCAR) report, due in March 2014. Second, Thor returned to cinema screens in the action sequel, ‘The Dark World.’ So, why are these two things collectively important? W...
20 November 2013 /regulation
Dan Barnes Writer at Information Corporation
Governments' aggressive approach to taxation is alternately punishing and rewarding financial services firms. The Swiss government is planning to abolish tax secrecy laws – what does that mean for Swiss banking? On Wednesday 29 May 2013 the Swiss government proposed to allow Swiss banks to disclose information to the US government. The proposal, if...
20 November 2013 /regulation /wholesale Future Finance News Analysis
Plans to wind down banks that are too big to fail have at last been agreed but will not take effect until 2018. Italy's recent revelation about derivatives losses proves that there are still plenty of skeletons hidden in European Union (EU) cupboards. The recently reported conduct of bankers in Ireland at the start of the crisis has challenged the...
The European Commission (EC) is threatening to move setting of the London Interbank Offered Rate (LIBOR) to Paris, after the exposure of the current process as “the rate at which banks do not lend to each other” in the words of Mervyn King, former governor of the Bank of England. An interbank benchmark system must be found that engenders trust, bu...
Several US senators have introduced a bill bringing back elements of the Glass-Steagall Act “to reduce risks to the financial system by limiting banks’ ability to engage in certain risky activities and limiting conflicts of interest.” With some banks still struggling to swallow the Dodd-Frank Act, will the ‘21st Century Glass-Steagall Act’ serve t...
When regulators define mathematics, the apparent certainty that the science brings is thrown to the wind. Big banks are currently selling off cash reserves, issuing stock and swapping the labels over on balance sheet items, apparently to please the regulators. Are we any safer? Why do some banks have to raise more money? In June 2011, the Basel Co...
It’s Sept 2013, and we’re upon the anniversary of Lehman Brothers. Much editorial this week has been devoted to the perceived risk that still exists in the banking system. Haven’t regulators reformed the markets? Regulators have imposed a lot of changes to the way that banks do business and have even more changes still to happen. These changes are ...
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.