Insights

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EC’s Pearson urges smaller firms to speed up initial margin tech preparations

20th May 2019

Company: bobsguide
While many in the industry are lobbying for a delay in initial margin requirements for non-cleared derivative trades, Patrick Pearson, head of the financial market infrastructure and derivatives unit at the European Commission says the regulation is inevitable and smaller firms must accelerate their adoption of technology. “The European... read more
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6 best practice principles to client & counterparty data management

20th May 2019

Company: Fenergo
The role of client and counterparty risk management has assumed greater strategic importance over the last few years in light of heightened regulatory scrutiny and the introduction of new rules around AML/KYC, ultimate beneficial ownership, global data privacy and investor protection rules. With the growth of AI/RPA-enabled compliance processes,... read more
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Mastercard SVP: Customer experience presents battleground for bigtech and banks

17th May 2019

Company: bobsguide
Banks and technology giants are locked in a battle to provide the best customer experience, though financial services firms often have the advantage of a better technological foundation. Speaking this week during a bobsguide webinar, Scott Abrahams, senior vice president of business development at Mastercard UK, said while technology giants are... read more
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Finland’s banks target instant payments

17th May 2019

Company: bobsguide
The development of EBA Clearing’s RT1 platform has reached critical mass in Finland with the support of the country’s six major banks, says the payment service provider’s CEO Hays Littlejohn.  “It’s not as though we made any kind of particular effort just for Finland, it’s more that those banks chose to... read more
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Nationwide steps up data game with new “speed layer”

16th May 2019

Company: bobsguide
As regulation, customer expectation and increased data volumes push legacy bank data models to breaking point, UK financial services provider Nationwide has added a real-time event-streaming platform. “We’ve recently announced a large investment to modernise our IT estate. Kafka and this data architecture forms probably the number... read more
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Federal law could protect US banks from data deluge

16th May 2019

Company: bobsguide
Financial services firms in the US are being overwhelmed by the volume, variety and velocity of sensitive data they have to process, according to Kristina Bergman, CEO of Integris Software, and calls from the Consumer Banking Association (CBA) for a federally-mandated privacy law could help solve a patchwork of state legislation. Earlier this... read more
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ETFs’ liquidity under question

15th May 2019

Company: bobsguide
Despite disagreement over the liquidity level of exchange traded funds (ETFs) thanks to the volume number of funds that are traded off-exchange, ETFs remain liquid, said Deborah Fuhr founder of ETFGI at a conference in London this week. However, not everyone agrees. Europe’s Market in Financial Instruments Directive (Mifid II) requires all... read more
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Firms yet to grasp legal tech in Libor transition

15th May 2019

Company: bobsguide
A lack in resources due to pressure from upcoming regulations, and failure by regulators and associations to come to a consensus on how to navigate the transition away from Libor means firms should ensure they have the legal technology ready to survive the next couple of months, both lawyers and legal service firms agree. “I haven’t... read more
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T2/T2S Consolidation: Can digital transformation be an opportunity for liquidity management?

15th May 2019

Company: TAS Group
The Eurosystem project to consolidate TARGET2 and T2S and to meet changing market needs by enabling a truly real-time 24x7 settlement infrastructure for cash, securities and collateral aims at increasing efficiencies and optimising liquidity management across all TARGET Services. The go-live is scheduled for November 2021, with a big bang... read more