313 Results from 2014, /regulation
Retired Member
The news of a PCI breach is just the start of a host of issues – all of which can be crippling to a business. Many CIOs and compliance officers may complain about the burden that the Payments Card Council imposes on them, but the rules exist for good reason. Like most issues involving compliance, card data rules are more effective as a preventative...
13 November 2014 /payments /regulation
In a single move, mergers and acquisitions can provide businesses with a tremendous tool for increasing growth, profitability and improving strategic capabilities. M&As are gathering speed and last year domestic acquisitions between UK companies were valued at £2.1 billion. Investment projects like this shape the future of the businesses invol...
11 November 2014 /security /regulation
Market surveillance and market abuse continue to be pushed higher up the regulatory agenda. Given the avalanche of news about large regulatory fines, this comes as no surprise. ‘Protect and enhance the integrity of the UK financial system’ is, after all, one of the Financial Conduct Authority’s overriding objectives and market surveillance plays a...
11 November 2014 /regulation
There has been a flurry of press releases in recent months announcing new mobile recording solutions and new partnerships in place to sell and deploy them. The technology has moved on significantly in the three years since firms have been under obligation to record mobile phone calls. With more choice, comes more questions and added complexity to ...
It has been a busy week for the banking industry. The first big news was the publication of a comprehensive health check of 130 large European banks by the European Central Bank, which was commissioned in response to the sovereign debt crisis in the Eurozone. Brussels lauded the latest investigation as the most intense scrutiny that European banks...
08 November 2014 /regulation
In the latest manifestation of possible tax fraud, which has been rampant as of late in parts of Latin America, Argentine officials are accusing one of the world's biggest household consumer goods producer of malfeasance. Argentina's national tax agency recently suspended Procter & Gamble from being able to conduct business in the country becau...
07 November 2014 /regulation Electronic invoicing
BATS Chi-X Europe recently announced plans to introduce opening and closing auctions for ETFs, while the LSE plans to introduce an intraday auction for all SETS equities. Although these moves differ in instrument scope, they seem to have a common aim. The buy-side has long complained about the increasing difficulties of executing large block trade...
07 November 2014 /regulation
New EU data protection laws are coming closer following the vote in the European Parliament. The impact of the likely changes will be greater legal restrictions on the control organisations have on their data, in terms of its location, security, anonymity and privacy. For organisations working to manage the risk exposure of their digital data, thi...
06 November 2014 /regulation
On 22nd September 2014, a federal jury in New York found Arab Bank PLC liable for knowingly supporting terrorism. This is a landmark ruling in the first civil trial to be brought against a bank under the US Anti-Terrorism Act, finding the Jordanian lender guilty of providing financial services to the Palestinian Islamist group Hamas. Whilst this b...
05 November 2014 /regulation Future Finance
Despite less than 15 months to go until the implementation of the new European insurance regulatory regime Solvency II, many firms have yet to start preparing for their Pillar 3 transparency reporting obligations. As of 1 January 2016, all EU direct life and non-life insurance and reinsurance undertakings that fall within the scope of Solvency II...
05 November 2014 /regulation
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