283 Results from 2017, /regulation
Retired Member
This week's CSFI (Council for the Study of Financial Innovation) discussion between representatives from the Bank of England, VC Illuminate Financial and Kompli-Global, an intelligent KYC/AML utility, highlighted how elastic a term Regtech still is. But, more usefully, it enabled a set of common views, attitudes and interests to emerge which did mo...
04 October 2017 /regulation Financial Services Regulation
Paul Miserez Standards Department at SWIFT
At the occasion of the 2017 Standards Forum to be held at Sibos in Toronto, Canada from 16 to 19 October, I interviewed a number of SWIFT standards experts about the content of this year's programme. During the weeks leading up to Sibos, my posts will offer readers a preview of what people can expect to hear about in Toronto. In the last of our p...
03 October 2017 /security /regulation Standards Forum
October is Cybersecurity Month – so it’s a good time to step back and consider whether or not your organization is getting the fundamentals right. Many experts believe that ensuring the basics are in place can dramatically reduce cyber risk, and regulators agree – not just in speeches but also in the new rules they are beginning to draft at grea
03 October 2017 /security /regulation
We live in an age where the threat of cyberattacks is seemingly imminent. As a result, many firms in the financial services and banking industries have stepped their game up and created specific security teams that can endure the various threats made by individual or organizational assailants. Also, to combat this risk, many regulatory bodies hav
29 September 2017 /security /regulation Financial Services Regulation
Anne Plested Regulation at ION Markets
ESMA issued a public statement yesterday recognising that there is just not enough time to review all the pre-trade transparency waivers and position limits before MiFID II comes into force on 3rd January. Rather than create an impasse they have, thankfully, opted for a pragmatic approach to get things moving along. To smooth the path, in the absen...
29 September 2017 /regulation
Paul Irvine Director, Major Accounts UK&I at Fortinet
Businesses around the globe are becoming increasingly data-driven. This is largely due to the expectation of customisation of the user experience. Financial institutions, in particular have been able to use customer data and customisation in order to offer tailored services to their customers, such as loans or insurance, based on recent purchases ...
29 September 2017 /security /regulation Information Security
Freddie McMahon Director Strategy and Innovation at DF2020 Ltd
The Malaysian RHB Banking Group has launched a chatbot via the RinggitPlus comparison website. The chatbot is a blend of an “advisor” and “salesperson” for consumers applying for a personal loan. During the conversation the chatbot co-ordinates all the necessary information and communicates eligibility via SMS. The RHB Banking Group targeted ...
29 September 2017 /ai /regulation Fintech innovation and startups
Bob Lyddon Consultant at Lyddon Consulting Services
Banks in the EU/EEA will be obliged – as from January 2018 – to quote all-in prices to their customers for: payments going to or coming from outside the EU/EEA, in any currency; and payments with both endpoints in the EU/EEA but where the currency is a non-EU/EEA one like USD or JPY, and where correspondents in the respective currency centres will...
28 September 2017 /payments /regulation SEPA and European Payments
As the MiFID II implementation date draws closer, implications for US firms continue to emerge. One area raising questions in the listed derivatives space is around position reporting and commodity position limits. Under MiFID II, EU investment firms are required to submit position reports to the regulators. Position limits under MiFID II are appl...
27 September 2017 /regulation
Darren Thomas MD at IHS Markit
Getting re-papered under the terms of MiFID II will test the relationships between dealer and asset manager. All the terms of business, policies and procedures that banks and broker dealers have with clients will need to be reassessed and likely repapered under the terms of MiFID II. As the regulation reaches new asset classes, requiring unpreceden...
27 September 2017 /regulation MiFID
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