Infrastructure Insights

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FTC data security proposals could “trap” US banks in tangle of regulation

12th March 2019

Company: bobsguide
The Federal Trade Commission (FTC)’s proposed changes to the 2003 Safeguards Rule, which seek to tighten the data security procedures of US banks, seems premature and may contain traps for unwary financial institutions attempting to meet both state and federal laws, according to the American Financial Services Association (AFSA) and... read more
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Isda, FIA: Lack of UK trading venue equivalence to hit markets

12th March 2019

Company: bobsguide
Industry bodies have warned of the potential negative impact of failure by European authorities to recognize UK trading venues in the case of a no-deal Brexit. “If the UK authorities don’t recognize European venues, and the EU authorities don’t recognize UK venues this would definitely be detrimental. There might be readiness... read more
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Report: Machine learning aids visible hand of payments

11th March 2019

Company: bobsguide
Banks are turning to machine learning and other advanced technological protocols to protect consumers in the escalating fraud arms race, as legacy systems creak under the digital burden - market participants and commentators say. “As banking has entered the online and mobile channels, so has fraud and the complexity of today’s... read more
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Rise in alternative data sparks demand for drag and drop integration tools

11th March 2019

Company: Provenir
While integrating data has long presented challenges for firms, the significant rise in alternative credit data has led to an even greater need for fast, effective, data management and amalgamation, according to Michael Shurley, global director of industry solutions at Provenir. “There’s a lot of new data sources have sprung up that... read more
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Commodities traders playing tech catch up

8th March 2019

Company: bobsguide
The exponential increase in trading data has become a challenge for traditional commodities venues who “have come late into the electronic age”, according to Bob Mudhar, partner at Citihub Consulting, while the best solution to their issues will be found in artificial intelligence (AI) and machine learning, and not in the cloud. ... read more
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Fraud has evolved but the payments framework needs to follow

6th March 2019

Company: Featurespace
One of the biggest challenges facing banks, issuers and retailers around card-not-present (CNP) fraud is the fact that a majority of payments and transactions are still being processed on decades-old technology. When this technology was put in place, no one could imagine a world where CNP transactions would become so ubiquitous. However,... read more
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SA-CCR rules put pressure on clearing services

5th March 2019

Company: bobsguide
Federal Reserve, OCC and FDIC changes to the supplementary leverage ratio (SLR) framework have the potential to “adversely impact” the ability of clearing members to provide client clearing services, which could result in a decrease in firms offering those services. That’s according to Bart Everaret, Americas market manager... read more
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Treating CCPs like banks is “not logical and not appropriate”

4th March 2019

Company: bobsguide
It is neither “logical” or “appropriate” for central counterparty clearing house (CCP) participants to call for greater capital requirements for CCPs, says Roger Storm, head of regulation, risk, and committees at Swiss clearing house SIX. “Many people think of CCPs as a form of bank and would like to apply Basel III... read more
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Algorithmic trading: trends, platforms and emerging strategies

4th March 2019

Company: bobsguide
In the past decade, algorithmic trading has emerged as a new way for financial institutions to gain an edge over other market participants, provided they put use this powerful tool in the correct way. Before the emergence of modern computers, traders were left to rely on rudimentary methods for creating and executing trading strategies. Traders... read more
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Lawyer warns banks over data breach increase

4th March 2019

Company: bobsguide
In the same week the UK’s Financial Conduct Authority (FCA) revealed a fivefold rise in data breaches at financial services firms, Rupert Casey, technology solicitor at Keystone Law, warns that retail banks must get the basic procedures right or face regulatory rigor. According to law firm RPC, 145 companies reported breaches to the FCA in... read more