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HFT! Yes Minister
SEPA is arriving at the station
European Banking Union a first step to a win for the EU
Corporate Actions Processing
Many Shades of Grey in Data Contributions
The Future of FIX
The Greatest Project of All
Culture created UBS Rogue Trader but he will not be the last! A few weeks ago the world heard of yet another rogue trader at
UBS, with the bank picking up the tab to some $2.3bn, estimated loss, but this could rise as more details emerge. This is
just another rogue trader story, on the back of the many others, from Nick Leeson at Barings Bank through to todays UBS, but
believe me there were more before Leeson. What is plain to me is that rogue traders are a fact of life in financial markets
and no amount of rules, risk systems or controls will be enough to prevent the next one and the next one after that and so
on. With this in mind a fresh look is required at why and how these instances of fraud materialise and to find new methods
to minimise the number rogue traders and limit the damage they cause...
Are Compliance Officers Now Plugged into Mobile Phone Regs?
at City firms were certainly out in their droves this week at a call recording, fraud detection and analytics event hosted
at by Business Systems a recognised UK leader in phone recording for compliant purposes. A key highlight ...
Investment Banks ‘Turning Backs' on Mobile Phone Taping
With the UK's Financial Services Authority (FSA) announcing on 11 November the removal
of the current exemption to record mobile call conversations by City traders and other client-facing staff, investment firms
appear to be turning their collective backs on the new regulations in the area and showing resistance...
The lack of leadership in the financial markets
At a recent conference the sorry
state of leadership and decision making capability in today's financial markets was perfectly illustrated. FIX Protocol
Limited (FPL) did an outstanding job in assembling many of the leading organisations and leading practitioners to debate plenty
of the problems ailing today's financial markets. But at the end of the day I was left asking where was the real leadership
and who or what organisation is really tackling the problems and would be able to introduce solutions for implementation ...
Sants or Sinner at the FSA?
Hector Sants has announced his departure
from the FSA after three monumental years that has seen the finance industry almost collapse and with politicians taking a
direct role in saving the UK banks. The fact that this scenario had to be played out casts a shadow over the regulatory capability
of the FSA and of course...
Trade Reporting; all at sea
You would have though
that trade reporting would be a simple thing with the regulatory organisation specifying what they wanted reported, by what
medium, by whom and when but this is all too simplistic for today's markets. A discussion with one of the UK's top
firm's compliance officers this week opened my eyes to the sheer lunacy of ...
MiFID fails to deliver
are beginning to show clearly that MiFID is failing to achieve one of the most important objectives of reducing investor costs.
One survey might be wrong but when the results are consistent we can rely on the overall picture it is presenting. MiFID was
always going to be...
Be prepared for the regulatory Tsunami
period for the world’s worst financial crisis is well underway and due to the depth and breadth of the many problems
that need to be overcome, the success of this analysis will be vital in...
The Banking Crisis and the Lost Trillions
The UK and US Governments have been plying billions of capital into the banking sector that will
in time amount to trillions of dollars. All this in an attempt to kick start normal lending and borrowing of banks in the
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