Insights

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BoE and FCA to revise data collection

20th November 2019

Company: bobsguide
UK regulators are set to review how they approach data collection, according to the chief data officer at the Bank of England (BoE) and the Financial Conduct Authority (FCA)’s head of central data services, innovation, strategy and competition division. “Some of the collections were done many years ago, and were there for... read more
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Barclay’s Gordon: Risk managers to be trained in Python and R

20th November 2019

Company: bobsguide
Financial institutions must look to educate existing staff on data practices before hiring more data scientists, agreed a panel at the Financial Information Management conference in central London this week. Simon Gordon, head of risk information services at Barclays said the bank has begun a process of training its staff in computing... read more
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TLTRO III funds: when is the best moment to knock at the ECB door?

20th November 2019

Company: Prometeia
In September 2019, the ECB announced changes to the new targeted longer-term refinancing operations (TLTRO III). Differently from what outlined in March, the maturity of TLTRO III operations was extended from two to three years, and, for the banks exceeding their lending benchmark, the interest rate applied will be the average interest rate on the... read more
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Why financial institutions are moving away from transaction monitoring

19th November 2019

The past few years have borne witness to scandal after scandal, as Europe has struggled with a torrent of financial crime – specifically money laundering. Although it’s impossible to accurately estimate the true scale of the issue, research undertaken  by Europol suggests that laundered money could account for anywhere between 0.7... read more
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SFTR: an overnight regulatory reporting headache ten years in the making

18th November 2019

Waiting ages for a major regulation to come along, and as soon as it arrives another new rule quickly follows. Before the industry has a chance to fully iron out all the post-Mifid II wrinkles, another regulation comes along. This time, compliance eyes are gazing upon the traditionally underreported world of repos, securities lending, and the... read more
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People moves: Bank of Ireland, Tide, Huntington, and more

15th November 2019

Company: bobsguide
TransUnion appoints Mike Davies as UK COO Consumer credit reporting agency TransUnion has appointed Mike Davies as new UK COO. He will look after the UK operations, optimising business processes to support continued growth. Davies has more than 20 years of experience in operational and IT leadership as well as business transformation and... read more
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SA-CCR (Basel IV): a new approach for counterparty credit risk

15th November 2019

Post global financial crisis (2008-09), multiple financial institutions and broad range of stakeholders raised a concern and discomfort with the institutions calculated and reported risk-weighted assets (RWA) and capital ratios. This results in analysis performed by multiple committees and agencies which indicated the material variability in the... read more
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Smoothing the way for real-time frictionless payments

14th November 2019

Company: GTreasury
Corporate treasurers are experiencing more payments volume than ever before, with billions of transactions executed daily across a variety of channels, currencies, and countries. Enhanced formats are emerging at lightspeed, and organizational structures are shifting with buyouts/expansions and the adoption of multi-system environments. The... read more
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Hybrid multi-cloud a must for banks

14th November 2019

Cloud adoption is increasingly powering the banking industry's ability to improve customer engagement worldwide. Though many banks are still in the early stages of adoption, the use of sophisticated and secure ways of migrating to the cloud is growing steadily across the industry. Cloud applications enable banks to drive enhanced operational... read more