Shipping industry in direct path of brewing OFAC storm

31st May 2019

Company: Accuity
By David Loeser, Senior Director of Product Strategy, Accuity Deceptive shipping activity is on the increase and is gaining the attention of US Department of the Treasury’s Office of Foreign Assets Control (OFAC). The office is responsible for issuing and enforcing sanctions based on US foreign policy, and recently updated its advisory... read more

Regulators struggling to oversee crypto assets

31st May 2019

Company: bobsguide
The International Organization of Securities Commissions (Iosco)’s attempt to harmonize crypto regulation will have no immediate impact, as national regulators are still failing to understand jurisdictional governance, says a lawyer. While the CEO of a crypto exchange says the lack of adoption of current regulation to crypto, has created a... read more

People moves: Danske Bank, Finastra, VW Financial Services and more

30th May 2019

Company: bobsguide
Malloy named CEO of Third Point Re as Bredahl resigns New York Stock Exchange-listed company Third Point Reinsurance has named Daniel Malloy its interim chief executive officer, the company announced in a press release. Malloy will replace Robert Bredahl, who has stepped down. At present, Malloy leads the company’s main operating... read more

CFTC’s proposed speculative position limits create tech demand

30th May 2019

Company: bobsguide
Significant technology adoption is required to distinguish between speculative and hedging trades under the Commodities Futures Trading Commission (CFTC)’s proposed new rulemaking for speculative position limits in commodities markets, a market participant, a lawyer, and a consultant agree. “The mapping and allocation of trades... read more

Technology to suffer if US/China trade war hits supply and production chains

29th May 2019

Company: bobsguide
Technology products will predominately suffer if the trade war between the US and China starts to impact global supply and production chains, Olli Rehn, European Central Bank (ECB) governing council member and governor of the Bank of Finland told a conference in London this week. “The main effect, and the main concern today is - at least... read more

Q&A: CEO of Path Solutions on banking and the changing fintech ecosystem

29th May 2019

Company: Path Solutions
Payments markets are changing drastically, forced by the hand of national and regional regulators as well as a technological advances driving at an incredible pace. Banks and other financial institutions are sitting up to take note. Here, bobsguide speaks with Mohammed Kateeb, group chairman and CEO of Path Solutions – a firm that featured... read more

The changing face of asset management technology in 2019

28th May 2019

Company: bobsguide
Juggling an ever-tightening compliance burden, fending off technological challengers and satisfying customer expectation is a tall order for many established asset and investment managers. As profit margins shrink, asset managers must find alternative avenues to generate income and remain competitive. Europe’s second markets in... read more

Banks’ top brass need persuading over T2/T2S opportunities

24th May 2019

Company: bobsguide
Banks’ middle management and specialists must do more to convince the executive of the opportunities and cost saving benefits posed by T2/T2S (TARGET2 & TARGET2 Securities) Consolidation. Affecting some 1,700 EEA bank accounts, the T2/T2S Consolidation project - which is due to go live in November 2021 - is a great burden for European... read more

GDPR one year on: Mistakes still being made

23rd May 2019

Company: bobsguide
A year since the introduction of the EU’s General Data Protection Regulation (GDPR), errors continue to be made, and three countries have yet to implement the regulation into national law. On May 22, figures published by the European Commission revealed that since 2018, 89,271 complaints have been lodged to data protection authorities... read more

Legacy systems and data concerns slowing banks' commercial cloud adoption

22nd May 2019

Company: bobsguide
Major banks are increasingly interested in commercial cloud platforms, but networks of interconnected legacy systems and concerns over data security will continue to see a layered hybrid approach, say market participants. “When we started engaging with customers, we imagined from the outside looking in that it would be a tough sell to get... read more