331 Results from 2016, /regulation
Retired Member
Violating sanctions can be deadly for a business. Compliance is the answer, but how can corporates – traditionally less regulated than their banking counterparts – ensure this? While there have been several major sanctions violations making the news in the past few years, the bulk of these stories have been focussed on banks, mainly as they are mor...
18 October 2016 /regulation
Keith Stonell Managing Director, EMEA at Guidewire
Where in the world are you most likely to find a connected car? Los Angeles? London? Rome? Most people would think that Silicon Valley, home of Google self-driving cars and Tesla with its (controversial) autonomous driving features, is the most likely place. There is no denying that the USA dominates many areas of technology, but when it comes to...
The flip-side of changing market structures, furtherance of technologies and evolution of investment services is the emergence of risks hitherto unknown. Regulatory response to these challenges translates into swift and expansive reforms to curb and mitigate systemic risks and to maintain market order. While these reforms will have an extensive i...
13 October 2016 /regulation MiFID
Nigel Farmer Industry Director, Capital Markets at Software AG
Cloud adoption in capital markets is gathering momentum, led by the increasing acceptance of the cloud by regulators as well as cost cutting at financial services organizations. Indeed, regulators themselves are some of the enthusiastic adopters. Earlier this year the UK Financial Conduct Authority (FCA) decided to host its MiFID II transaction rep...
13 October 2016 /regulation
Graham Seel Principal Consultant at BankTech Consulting
Banks are dependent upon models of all kinds. This is because reality is much too complex for us to understand well enough for perfect predictions of the future. Models are used as a simplification of reality. The problem is that this introduces uncertainty, which means risk. Regulators are very concerned about model risk. They require that banks ...
13 October 2016 /regulation Innovation in Financial Services
I was chatting with some the Reg folks in the office yesterday and the spectre of MiFID 3 came up. Before you all jump off the window ledge there is no official notion of this yet, but when will the regulators feel that their work really is done? The direction of travel has been clear for a while – dismantle the current industry and replace it wit...
12 October 2016 /regulation
Earlier this year the FCA introduced new guidelines to encourage firms to embrace the cloud. While compliance obligations remain paramount, it does open up the pathway for organisations to more effectively comply with data communications regulations and lower overall costs. However, there are still fears in some quarters that archiving in the clou...
12 October 2016 /regulation MiFID
Ivy Schmerken Editorial Director at FlexTrade Systems
Research Disruption? European regulators are pressing to unbundle research payments from executions. Experts say that a regulatory overhaul driven by MiFID II has the potential to disrupt the global research industry. Many industry watchers maintain it will put pressure on sell-side firms that support teams of analysts as well as independent resear...
11 October 2016 /regulation
Brian Collings CEO at Torstone Technology Ltd
We are still seeing the impact of the post financial crisis regulatory changes taking effect and some very significant parts of it such as MiFID II have not even been implemented as yet. However, we have already seen market participants and in particular UK brokers starting to make wholesale changes in their approach to technology. These can be b...
10 October 2016 /regulation
In 2004 the Royal United Services Institute staged a conference, UK Resilience: Joining up the Sectors, whose purpose was to provide a forum for debate on ‘a set of specific issues that have been identified as weaknesses’. One of these is Corporate Resilience, of which it said: ‘The urgent need to develop more resilient organisations has, of neces...
10 October 2016 /security /regulation
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