Risk Management Systems Insights

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From business principals to business principles

25th June 2019

Company: NorthRow
If you are a payments firm, you are no doubt very conscious that onboarding checks for merchants need to be undertaken painstakingly to meet current regulatory and legal requirements, covering both the business ’KYB’ and individual ‘KYC’ checks. At the same time, however, there are requirements for rapidity and cost control... read more
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bobsguide Awards 2019: Winners announced

25th June 2019

Company: bobsguide
It's with great pleasure that we announce the 2019 bobsguide awards - a collection of the very best in the fintech market this year. The bobsguide awards have been assessed based on the strength of tech updates and their impact on the client experience, and how the systems stand out in the marketplace. Several rounds of assessment... read more
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Bipartisan AML bill takes aim at US federal governance

20th June 2019

Company: bobsguide
Draft legislation aimed at improving the US’s federal anti-money laundering (AML) and counter terrorism financing (CFT) supervision would be a step towards solving issues around anonymity and transparency, according to Livia Benisty, head of financial crime at ComplyAdvantage, especially after a spate of scandals in 2018. “Requiring... read more
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CFTC’s lack of data security to hit capital markets

18th June 2019

Company: bobsguide
The US Commodity Futures Trading Commission (CFTC)’s inadequate cybersecurity provisions could impact capital markets, according to the CEO of an alternative data source for investors and hedge funds, while lawyers say it will bring into question the budgetary allowance for enhancing protection of proprietary data given to the US regulator. ... read more
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Firms underestimating technology hurdle for Isda's SIMM 2.1 requirements

11th June 2019

Company: bobsguide
Counterparties that will now come under the new uncleared margin rules threshold have misjudged the level of work and technology build necessary to be able to fulfil requirements set out by the International Swaps and Derivatives Association (Isda)’s SIMM methodology, market participants agree. “One thing we are seeing in terms of... read more
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“Complex problems” with algo wheels in equities and futures trading

6th June 2019

Company: bobsguide
Issues with algo wheels remain in both the equities and futures space, despite growing popularity of the software, according to market participants on a panel discussion at the FIA’s IDX in London this week. “It is a complex problem,” said Sanji Shivalingam, global head of algorithms and analytics at UBS.  “What we... read more
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Radical change expected to Esma’s position limits

6th June 2019

Company: bobsguide
The European Securities and Markets Authority (Esma)’s position limits for commodity derivatives could be set to focus purely on benchmark products, according to Laurence Walton, head of regulation and compliance at ICE Futures Europe. “The paper from Esma actually hints at something that goes beyond just tweaks. It hints at that... read more
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Tensions rise as CFTC, BoE, and market participants debate CCP supervision

5th June 2019

Company: bobsguide
The role of central banks in the supervision of central counterparties (CCPs) was greatly debated on a panel discussion at the FIA’s IDX in London this week. “It is a great test for a domestic marketplace, or a domestic clearing house when you can ask the question, when is a market regulator alone overseeing a CCP not enough?”... read more
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Emir 2.2 tiering decision not expected before end of year

4th June 2019

Company: bobsguide
A decision on the tiering between systemically important and non-systemically important third country central counterparties (CCPs) is unlikely to come to a conclusion before the end of this year, said Patrice Aguesse, head of the market regulation division at France’s national conduct authority the Autorité des Marchés... read more