231 Results from 2019, /regulation
Mete Feridun Chair at EMU Centre for Financial Regulation and Risk
The UK branches of the EU-27 banks currently benefit from lighter regulatory requirements compared to the third-country branches. However, post-Brexit this distinction will no longer be relevant as all branches will ultimately be subject to the same rules. So, with the increasing odds of a no-deal Brexit, the EU-27 banks operating in the UK as bra...
27 August 2019 /regulation Banking Regulations
Jonathan Jensen Regulatory Policy Advisor at GBG
Great identity verification should be top of the list when it comes to technological improvement in finance. The number of people using online services is increasing, as online banking grows at an average of 3.5% year-on-year in the UK. And while this is a positive step for consumers, more data online means more procedures are needed to protect cu...
27 August 2019 /regulation /devops Digital Identity Management
Ivy Schmerken Editorial Director at FlexTrade Systems
Algo wheels have become a popular technology in equities trading, but now there are signs that algo wheels are expanding beyond equities into multiple asset classes such as futures. In equities, the measurement tool, integrated with an execution management system, enables firms to automate the algo selection process, quickly switch from one strateg...
23 August 2019 /regulation Capital Markets Technology
Dmitrii Barbasura Chief Operating Officer at Fintech Galaxy
According to the RTS on SCA and CSC (Article 34. Certificates), payment service providers shall rely on eIDAS certificates for third party providers’ (TPPs’) identification. There are 2 types of PSD2 eIDAS certificates and each of them plays an important role: QWAC (qualified certificate for website authentication) - is used for website authenti...
21 August 2019 /regulation /retail Banking Regulations
René Hendrikse Vice President & Managing Director, EMEA & LATAM at Mitek
Like many recent inventions, digital banking and e-commerce have made our lives substantially better. Designed to save time and money, they’ve empowered consumers, created thriving marketplaces and allowed businesses to embrace asset-light business models. Open banking was quick to follow, allowing consumers to benefit from better deals, access to...
16 August 2019 /regulation Fintech
Barley Laing UK Managing Director at Melissa
Hot on the heels of the Fourth Anti-Money Laundering Directive (4AMLD), the fifth version (5AMLD) is set to become law throughout the EU on 10 January 2020. With a focus on strengthening transparency rules, this mandate will further deter the concealment of funds and enable the EU to remain one step ahead in the fight against financial crime. 5AML...
16 August 2019 /regulation Banking Strategy, Digital and Transformation
Charlotte Longman Director at ACA Compliance Group
Charlotte Longman, Senior Principal Consultant, ACA Compliance Group This week marks three years since the Market Abuse Regulation (MAR) overhauled the civil market abuse regime across Europe, repealing and replacing the Market Abuse Directive (MAD) and the UK’s own domestic legislation. Developed in parallel with the revised Markets in Financial I...
16 August 2019 /regulation Capital Markets Technology
Willem Lambrechts Managing Director at Drebbel
It must have happened to you. It certainly happens to me every once in a while. I need to find something urgently and even have no clue where to start searching. Typically a spare part of one or another device. A few days ago it was the coffee maker . I remembered buying a couple of seals a long time ago and storing them in secure place where the...
13 August 2019 /ai /regulation Data Management 101
The appointment of Gabriel Makhlouf as the 12th governor of the Central Bank of Ireland earlier this year hasn’t gone unnoticed. Until recently the top official in New Zealand’s treasury, he will be the first foreign official to occupy the post in the entire history of Ireland’s financial regulator. Coincidentally, Gabriel Makhlouf also boasts top...
09 August 2019 /regulation Banking Regulations
I am not bringing breaking news when I state that banks and bankinsurers today face two burning challenges. The first challenge relates to regulatory compliance, the second with the disruption of existing business models and revenues by new, mainly digital players. Those new players target specific business domains such as payments, loans, securit...
09 August 2019 /regulation Banking Strategy, Digital and Transformation
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