Eagli | Timothy

February 13, 2018 In Regulation, Uncategorized

Systematic Internalisers: closing the loopholes

Since the introduction of the original MiFID Directive, the European legislator has distinguished between several types of "execution venues": regulated markets and multilateral trading facilities on the one hand (jointly referred to as "trading venues"), subject to broadly similar rules, and "systematic internalisers"(SI) and other...

February 6, 2018 In Finance

Comeback of volatility: robo-advisors stumble

First of all, let's be clear: yesterday's drop in the Dow Jones index of 1175 points is not at all historic: a fall of 4.6% does not even rank it in the top-20 of daily percentages losses. The fixation on the "record" point loss is...

February 2, 2018 In Finance, Technology

RegTech can reduce wealth management compliance costs

An article posted in Private Banker International today highlights the opportunity for wealth management firms to lower their overal costs of compliance by partnering with RegTech companies. A survey by GlobalData showed that while wealth managers in Asia Pacific are fully onboard, with 72% ready to...

January 30, 2018 In Technology

bpost Bank Selects RiskShield for fraud detection

[vc_row row_type="row" use_row_as_full_screen_section="no" type="full_width" text_align="left" css_animation=""][vc_column][vc_column_text] Belgian bpost Bank announced today that it has chosen the RiskShield solution of German firm INFORM to strengthen its risk management strategy for multi-channel banking fraud prevention and sanction controls. INFORM had already announced that it was live with the...

January 22, 2018 In Regulation

Switzerland proposes to abolish bearer shares (again)

Last week, the Swiss Federal Council published a consultation regarding its proposal to abolish bearer shares. The French text is here. It is a bit of a déjà-vu, because the abolishment was already proposed by the Federal Council in 2005, on the basis of one of...

January 18, 2018 In Regulation, Technology

Temenos survey: 80% of bankers positive about open banking (PSD2)

Temenos, a leading banking software vendor and FinTech champion, published the results of its latest survey. These show that bankers seem remarkably upbeat about the changing banking landscape. Close to 80% stated that open banking, which has been facilitated by PSD2 in Europe since 13 January...

January 17, 2018 In Technology

SWIFT announces new DLT project

SWIFT is often seen one of the main middlemen that could be disrupted by the advent of blockchain or distributed ledger technology ("DLT"). Credit Suisse called the organisation old, inflexible and slow and ripe for disruption, but the organisation is not planning to go quietly...

January 15, 2018 In Finance, Regulation

MiFID 2: Drip Feed instead of Big Bang

As was clear from the outset, MiFID 2, despite its thousands of pages or regulation and the additional one year delay in its effective date, is still a work in progress. ESMA had to announce a delay in implementing the double-volume cap mechanism (to limit the...