283 Results from 2017, /regulation
Timothy Murnaghan CEO at Analytic Risk Technology
The Bank of England will publish the stress test results next week (having brought it forward from December). The big banks face a tough annual cyclic scenario and an additional “lower-for-longer” exploratory scenario. The longer scenario is also interesting as it becomes less dominated by mortgage losses and the longer term will need an increased ...
22 November 2017 /regulation Financial Services Regulation
Retired Member
With all the hype about identity theft and other consumer-side digital crimes, it’s easy to overlook the fact that merchant fraud is still one of the most common and costly causes of financial loss for acquirers. Merchant fraud can be very hard to detect – especially given the complexity of the digital payments ecosystem. Yet, the work put into de...
21 November 2017 /payments /regulation
An ESMA Q&A published this week provides some further guidance regarding the authorization of sub-delegated DEA providers, but it still leaves room for uncertainty. The Q&A draws a distinction between a DEA client that has EU exchange access directly via a member (Tier 1 DEA client), and a DEA client that obtains access through a sub-dele...
20 November 2017 /regulation MiFID
Freddie McMahon Director Strategy and Innovation at DF2020 Ltd
Chatbots, the human side of artificial intelligence, are showing significant signs of market growth, primarily due to the ability to make material reductions in costs, whilst delivering superior customer interactions. From various sources, the Chatbot market is expected to be worth more than US$1bn by 2023, at a compound annual growth rate of betwe...
17 November 2017 /ai /regulation Futuristic Banking
The Internet. Nothing has disrupted our lives more. And one of the biggest more recent disruptions has been in the financial industry. While alternative banking first began with PayPal, the development of financial technology (fintech) has been steady, albeit gradual, ever since. Then, the financial crisis of 2008 hit and consumers lost trust in t...
17 November 2017 /regulation Financial Risk Management
Anne Plested Regulation at ION Markets
At first glance, the MiFID II trading obligation for shares seems fairly benign, bringing the bulk of equities trading ‘safely’ back to regulated execution venues. Whilst appearing all encompassing, it still leaves room for plain old-fashioned OTC trading on an ad hoc basis (or, technically speaking, below the threshold for an EU SI). But add into...
16 November 2017 /regulation
Stress testing has been a much-favoured simulation technique used by banks to evaluate the risk of having insufficient capital during tough times. Large financial institutes have been using stress tests as a form of scenario analysis ever since the early 1990s. They have become increasingly popular, however, after the worldwide financial crisis tha...
15 November 2017 /regulation Financial Services Regulation
According to the Collins English dictionary a loophole is defined as "a small mistake which allows people to do something that would otherwise be illegal". The same dictionary offers an alternative American definition as "a means of evading or escaping an obligation". Both these imply that anyone benefiting from such a loophole...
14 November 2017 /regulation
Over the last eighteen months the use of WhatsApp and WeChat has steadily grown within financial services. It doesn’t matter which country you operate in, I guarantee there’s a regulation that says you need to authorise its use and capture conversations. How you do it is a complex question to answer. WeChat has been around since 2011, WhatsApp eve...
13 November 2017 /regulation Financial Services Regulation
Jean-Stephane Gourevitch CEO at Mobile Convergence Ecosystems Ltd.
The Equifax debacle demonstrate the danger lurking into a very outdated, non-customer friendly and absolutely not transparent approach to data. The market is sanctioning Equifax before the regulators hopefully do the same in Europe at least and the consumers launch legal actions possibly class actions as it is now possible in the EU. That such a ...
10 November 2017 /regulation Innovation in Financial Services
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