Insights

It goes without saying that for commercial, business and retail banks, the digital experience is becoming synonymous with the customer experience. If banks want to keep up with the megabanks in the industry, they will need to adopt a more digital approach. However, for those stuck in a tangled web of legacy technology architecture, going... read more

Four gambling businesses have been fined £4.5 million for failing to put in place effective safeguards to prevent money laundering as the UK Gambling Commission works to improve anti-money laundering (AML) compliance for online gambling. The announcement - a result of an ongoing investigation into online casinos - comes on the heels of the... read more

Many banks and Financial Services (FS) firms have considered deploying Artificial Intelligence (AI) to address specific challenges or improve particular functions within their organisation. A number of them are already on their own AI journey, and the ROI and benefits of AI in their businesses are becoming clearer and more tangible. One area of... read more

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

Regulatory intervention will spell the doom of static passwords and poor authentication, and the death knell will sound from the UK, according to Philipp Pointner. Speaking on the sidelines at Money 20/20 in Amsterdam this week, Pointner said the only reason outdated security methods exist is because regulators still allow them to – but... read more

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

Financial services has found itself cut off from the technological developments of other industries, and an unwillingness to catch up will see it experience further problems, according to a panel at Money 20/20 in Amsterdam. “Banks have found themselves marooned from the main development strand of technology,” said Paul Taylor,... read more

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

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

MEP and vice chairperson of the economic and monetary affairs committee at the European Parliament Kay Swinburne urged caution to derivative operators who wish to increase volume because EU policy makers believe rules to move over-the-counter derivatives to the clearing space has failed due to derivatives having grown disproportionately to their... read more