Risk Management Systems Insights

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Patel: regulators need to avoid a blanket approach to DLT rules

26th April 2018

Across the world, regulators are struggling to put together constructive policies around the world’s newest financial and technological tool. Distributed ledger technology (DLT) has become synonymous with the cryptocurrency market – which in itself has evolved significantly over the past twelve months with major exchanges now offering... read more
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Limitations to banking apps slow consumer adoption

25th April 2018

Company: bobsguide
While a growing number of consumers are using mobile banking applications to undertake everyday banking activities the fact that a number of services are unavailable and security procedures can be tasking has led many to continue to rely on web platforms and more traditional means to fulfil their banking needs. “There are limitations to... read more
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GDPR: The 6 legal bases for processing

25th April 2018

Company: Fenergo
The first principle of data protection requires that all personal data be processed lawfully, fairly and transparently. A legal (or lawful) basis for processing must be satisfied before an organization can process any personal data. GDPR outlines six scenarios in which data processing is legally permitted. Unless the organization can show that... read more
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Basel update: Where do we stand?

23rd April 2018

Company: Prometeia
At the end of last year the Basel Committee on Banking Supervision (BCBS) announced the final rules that completed the Basel 3 reforms. Basel 4 - as the latest incarnation has since become known as - was presented at the time by Mario Draghi as “the end of the game”. A key objective of the revisions is to reduce the excessive... read more
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How regulatory pressures are a blessing for data management

20th April 2018

Company: bobsguide
After the financial crisis and particularly in Europe, recently, where the second Markets in Financial Instruments Directive (Mifid II) aimed to encourage transparency in the markets, many financial institutions were caught under wider, more stringent banking regulations. Without the necessary infrastructure around new compliance and reporting... read more
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How to simplify trade reconstruction

19th April 2018

Evolving regulatory requirements are resulting in complex challenges for financial institutions around the globe. No longer just a ‘nice to have’ requirement, the ability to quickly and accurately reconstruct trade records, and proactively spot compliance breaches is now essential to several departments in the business, including risk,... read more
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Accelerating compliance digitalization with AI and robotics

18th April 2018

Company: Fenergo
The financial services industry is currently on the brink of a massive technological disruption. Financial institutions are now beginning to actively explore new technologies, such as Artificial Intelligence (AI) and robotic process automation (RPA) to further automate routine AML and KYC processes and thereby improve operational efficiencies and... read more
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Technology, MiFID II and 2027: The changing face of the post-trade industry

16th April 2018

The Markets in Financial Instruments Directive (MiFID) II is the largest regulatory change to hit the financial services industry since the crisis. Although the legislation has been in effect since January 2018, the industry is still scrambling to put the infrastructure in place to meet the new transparency requirements. The far-reaching nature of... read more
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GDPR considerations under Brexit that business cannot ignore

16th April 2018

The UK has always made it clear that it intends to adopt major parts of EU law, and its new Data Protection Bill is proof. However it’s already apparent that the EU isn’t going to let the UK have it easy. Earlier this year it issued a notice to stakeholders to be prepared, reminding everyone concerned of the “legal repercussions,... read more
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How tighter compliance can boost the reputation and value of ICOs

16th April 2018

Company: Accuity
In 2017 Initial Coin Offerings (ICOs) became the hottest new tool for startups, and transitioned from being a relatively unknown fundraising method used in the blockchain community, to raising over $4bn by the end of the year. Just like Kickstarter or Go Fund Me, ICOs let entrepreneurs take their business plans directly to non-accredited (any... read more