January 10, 2012 – 12:19 pm
The recent Commodities Futures Trading Commission (CFTC) ruling requiring real-time reporting for over-the-counter (OTC) swap trading was decided over the holidays to increase transparency and provide a comprehensive view of the entire swaps market to help regulators monitor and govern market activities and hedge against increased systemic risk. This ruling is a major change for [...]
Recent announcements by the European Parliament to delay Solvency II implementation deadlines to 2014 are in the headlines as European insurers are seen as being ill-prepared for the minimum capital requirements that will be brought in by Solvency II regulation. A big reason for this stems from the data requirements and challenges companies face to [...]
Many felt that with the increased focus on credit issues and all the discussion around ‘too big to fail’… enforcement of Anti-Money Laundering (AML) and Bank Secrecy Act (BSA) would take a back seat; this has not been the case. Recent large and very visible enforcement actions have called into question current oversight of AML/BSA; [...]
There is a Big Data movement happening across financial services. What is Big Data you may ask? ZDnet describes it in its simplest terms as a phrase that refers to the tools, processes and procedures allowing an organization to create, manipulate, and manage very large data sets and storage facilities. However, it is not just [...]
December 10, 2010 – 7:15 pm
I recently read an article written by Ann All titled “Simple Concepts Key to Complex Integration Projects” which discussed some of the hasty mergers and acquisitions since the financial crisis. It also discussed some of the recent successes at Wells Fargo and their integration of Wachovia contributed to having business involved in the integration strategy, [...]