4320 Results from /regulation
Gary Wright Analyst at BISS Research
The speculation that DTCC are in talks with LCH Clearnet, with a merger as a possible result must be music to the ears of everyone in the securities market. The consolidation of Clearing on this scale will be creating a mammoth opportunity for the markets to finally start the walk towards industry wide STP in the international cross border busines...
30 April 2008 /regulation Operational Risk Management
Paul Penrose Head of Research at Finextra
Who says crime doesn't pay? Jerome Kerviel, the rogue trader allegedly responsible for $7.3 billion losses at SocGen, has got a new job - as a computer consultant. Kerviel is working for LCA computer consultancy in the Paris suburb of Levallois, hired by the same man who hid him from journalists after the SocGen scandal broke. He was offered the j...
28 April 2008 /regulation /wholesale Where are they now?
Sriram Natarajan Risk Dog at Credit Risk Fraud Cards Professional
Foreign Policy magazine has opened the doors for us to vote on the world's top 100 intellectuals. We can also put in candidates we think deserve to be on the roll call. I saw the usual suspects are in there - Thomas Friedman, Mohd Yunus, Amartya Sen, Jeffrey Sachs, Pope Benedict XVI and host of names in whose wisdom we normally soak in. Do put in ...
28 April 2008 /payments /regulation
Retired Member
Association of Corporate Travel Executives advice to business travelers states: That you should not carry any confidential, personal information that you do not want examined by third parties on your computer – or other electronic devices. This includes financial data, photographs, and email stored on computers, wireless phones, Blackberries, or...
26 April 2008 /security /regulation Information Security
What is it that's lead to a number of announcements on payment networks in the past week? We had some of the EU countries pledging to implement an card payment network to take on Visa, MasterCard and Amex. China already has a payment scheme running. China's lone inter-bank transfer network—China UnionPay—was founded five years ago and is accepte...
20 April 2008 /payments /regulation
What do they have in common? Recently border officials have began a dubious practice of collecting mobile phones, PDA's, memory sticks, and even whole laptops and copying the information for 'security reasons'. No actual terrorists appear to have been uncovered yet, but I'm sure a lot of proprietary, sensitive and valuable information has been expo...
19 April 2008 /security /regulation Whatever...
A great idea to have the proof of age card. At least you won't be able to use someone else's will you? I do think it's an good attempt at improvement, but it's a bit too much for status sensitive young people and I would be surprised to see much uptake apart from parents foisting it upon unwilling children. That is the flaw in the plan - peer statu...
16 April 2008 /regulation Innovation in Financial Services
A 13-year-old German schoolboy corrected NASA's estimates on the chances of an asteroid colliding with Earth, a German newspaper reported, after spotting the boffins had miscalculated. Nico Marquardt used telescopic findings from the Institute of Astrophysics in Potsdam (AIP) to calculate that there was a one in 50 chance that the Apophis asteroid ...
16 April 2008 /regulation Whatever...
The US Administration is considering a Manhattan type project, where they get all the smart guys together to work out a way to solve a problem. In the 1940's it was a race to nuclear dominance, this year it's a race to internet dominance. The major thrust of the large scale of penetration attacks on the US government and defense contractors seems t...
14 April 2008 /security /regulation Information Security
I don't suppose there is ever any vandalism of bank ATM machines unless digging them out with a front end loader and driving off with them is counted as vandalism. The full range of potential for problems with biometrics is not really known, but we do know that a lot of people don't like the idea of biometrics. Sure there's the issue of false posit...
14 April 2008 /regulation /retail Information Security
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