989 Results from 2010
Retired Member
The ASX Disciplinary Tribunal recently slapped Citigroup Global Markets Australia (CGMA) with fines totaling $50,000 for two separate trading incidents that occurred in 2008. The first event transpired on May 16 in the futures segment. 250 lots of the December 90 day bank bill futures (IRZ8) were incorrectly entered to buy at 92.68 when in fact th...
11 March 2010
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
Statistics from the banking sector reveals that 129 000 enterprises were signed up last year. Adding a couple of additional months of brisk selling – and those signed up by a good number of non-bank service providers means that then total is now well north of 150 if not 160 000. This represents almost all actively trading enterprises. So now we ca...
11 March 2010 /payments Innovation in Financial Services
Following my recent post about mysterious goings-on around Morgan Stanley's Matrix single-dealer platform, I've had an update from a source close to the project. I am reliably informed that Matrix is not in fact experiencing performance problems, and I'm happy to set the record straight on that. Also, the giant development budget that I referred to...
This year’s International Payments Summit had a clear theme running through the various debates and discussions around the event: how regulation is stifling progress….but mainly for the banks. During the final day of IPS, ZOPA, a lending and borrowing exchange that lets people sidestep the banks, once again brought about discussions on the floor ar...
11 March 2010 /payments
Today’s UK card fraud figures show some good news but also highlight areas where there is room for improvement. In other words it’s a case of some swings, some roundabouts. First of all, there has been an increase in online banking fraud, growing 14% from £52.5M to £60M, which would seem to indicate that the improvements in reducing on-line banking...
10 March 2010
Interesting to read that card fraud has taken a dive - a welcome development I guess for the industry, and for customers, who ultimately bear the cost and, when they are the subject of fraud, the worry and inconvenience whilst their affairs are put right. Amongst the many weapons that the industry employs is the monitoring programs that try and ide...
10 March 2010 Transaction Banking
While we were eased into this year’s International Payments Summit on Monday, yesterday’s sessions contained more heated debates. Discussions yesterday first of all turned to proposed Basel III regulations which will require far more capital to be raised by the banks (a core capital ratio of at least 6 per cent will have to be maintained). Accordi...
10 March 2010 /wholesale
Olivier Berthier CEO at Moneythor
There is an interesting piece on voxeu.org calling for a fair treatment of trade finance under the upcoming Basel III rules. A majority of practitioners view Basel II as unfairly and dangerously tough on Trade Finance in terms of capital requirements under the Standardised Approach, compared to the "one size fits all" approach of Basel I...
10 March 2010 /payments /wholesale Financial Supply Chain
Keith Appleyard IT Consultant at available for hire
PCPro has reported weaknesses with the online security of high street retailer Argos, http://www.pcpro.co.uk/news/security/356077/argos-credit-card-scandal-worsens Argos has been sending customers unencrypted credit card numbers and security codes within e-mails confirming orders, potentially exposing customers to online fraud. Then it emerged tha
09 March 2010 /security Whatever...
Paul Blank e-Trading Solutions at TradAir
It’s interesting to see recent blog comment regarding Morgan Stanley’s new Matrix platform, and what else is needed (in terms of full range of products) to enable them become a top five global FX house. In my opinion, it’s naïve to assume that a shiny new User Experience (UX) and a more complete product set is what separates the men from the boys ...
09 March 2010 Finance 2.0
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