269 Results from 2013, /regulation
Retired Member
Next month the UK Government is launching one of the most extensive cyber threat exercises, which will test how prepared financial systems are to survive a sustained online attack. The move comes after a senior official at the Bank of England warned earlier this year that cyber attacks are the top risk for UK banks. The warning was confirmed by a...
16 October 2013 /security /regulation
Dark pools around the globe are under constant regulatory scrutiny. The Australian and Canadian regulators now require dark trades to offer meaningful price improvement over lit markets. While Brussels-based technocrats still toy with the idea of volume caps, a recent open letter from a large group of industry representatives lobbied for the “mea...
15 October 2013 /regulation
Miloslav Hoschek Freelancer at e-Silk Road, NGO
The new world between 2030 –2050 recalls past transition points—such as 1815, 1919, 1945, or 1989. In this world will exist an absence of global power. The hegemonic power will shift to networks and coalitions in multi polar world, with declining US capacity to serve as a global security provider. The world between 2030 –2050 will launch open ...
14 October 2013 /security /regulation Payments strategies 2015-2020-2030
Leon Rees Principal at Markets Etc
Our recent Catalyst tweet about the current Obama Care – US default debate (If short term US Libor’s lower than Fed Funds (TED spread neg), in theory US govt default risk is greater than the banks) has set me thinking. According to my Catalyst colleague and leading risk expert Christian Lee, in the 5 years leading up to 2007, life as a risk manag...
11 October 2013 /regulation
Asia is a continent of diversity and contrasts, and its post-trade and settlement space is no exception. Some of the major financial centres (Korea, Hong Kong) are promoting a T+2 settlement cycle, while their neighbours of similar calibre (Singapore, China) are in favour of T+3. Some of these domestic markets are opting for single-sided ...
10 October 2013 /regulation
Anne Plested Regulation at ION Markets
ESMA’s work on the single rule book for EU financial markets, set out in its 2014 work programme, shows the bulk of MiFID II/MiFIR deliverables falling into the last quarter. With the Level 1 text still expected to be agreed by the end of 2013, the revision of MiFID and MAD will then unfold into advice, technical standards and guidelines over the...
09 October 2013 /regulation
Ten years ago, the financial services (FS) industry was a very different place to operate in for IT outsourcing vendors. With a conservative, traditionalist approach to hiring external suppliers, outsourcing in any form was placed low down on the list of priorities for FS decision makers. Today, however, it’s a different story entirely, with the f...
01 October 2013 /regulation
Yesterday saw the publication of the XETRA and Eurex rule changes relating to the German HFT Act in which they provide details of how to implement the new RegulatoryID. Under the new rules it will no longer be enough simply to differentiate between algo and non-algo orders (such as under the current CME regime). Starting from 1st April 2014, all ...
The European Securities and Markets Authority (ESMA) has done it again. They quietly published a revised European Market Infrastructure Regulation (EMIR) timeline which postpones commencement of Trade Repository (TR) reporting until February 2014. This is no surprise as the recent third round of their Questions & Answers (Q&A) still left u...
26 September 2013 /regulation
Enrico Camerinelli Supply Chain Blockchain Personal Coach at Aite Group
To clarify the reason of this rather naive post, banks are not lending to small companies because the risk perceived is too high. However, the way banks assess risk is mainly based on financial data and on some basic overview of operational performance. If banks were instead capable of having statistics on a company's performance throughout the en...
26 September 2013 /regulation /wholesale Financial Supply Chain
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