RSSNews & Analysis
“Woefully inadequate” CCPs could pose major systemic risk
CCP risks could pose a threat to financial stability

Despite the G20 plans put in place since the financial crisis, CCPs are still vulnerable to unforeseen risks and could put the whole financial system in jeopardy in the event of a catastrophic default, according to senior financial services executives speaking in London today.

Bombay Stock Exchange targets HFTs with network revamp
The BSE is opening up to HFT

India’s Bombay Stock Exchange has ramped up its network application and monitoring speeds and opened a new investor service centre in New Delhi, as it seeks to attract latency-sensitive traders.

FIX focuses on high performance with consolidated effort

FIX Trading Community has combined all its high performance trading and market data initiatives into a single working group, emphasising the importance that high performance has in the FIX family of standards.

Banking Technology Awards 2014 – The Winners

At a gala event in London last night, industry luminaries gathered for an evening of entertainment and excitement as the winners of the 2014 Banking Technology Awards and Readers’ Choice Awards were announced.

Fines drive data to top of banks’ AML concerns

Market participants are worried about data and are deeply concerned about their ability to monitor transactions following a string of major fines to global financial institutions, according to a new report by NICE Actimize.

Features
A movement for change
Cockerton

Fintech innovation gets a lot of press, but there is a lack of co-ordination. Innovate Finance’s Claire Cockerton tells David Bannister how her organisation aims to change that

Brett King preaches the “good news” of mobile banking
King believes that the mobile has redefined the rules

Banks need to stop trying to exploit customers and start actually helping people, according to Brett King, chief executive at Moven. Instead of getting people to max out their credit card, a progressive bank should use smartphones and Big Data to help the consumer with the little things.

Comments
Using technology to drive business agility in a volatile environment
Sanjay Srivastava

As business process operations enter a new capter of accelerated transformation, technology services are not just a critical component for financial services firms – they are the business itself.

European banking industry under the competition and regulatory spotlight
Richard Mossman

It has been a busy week for the banking industry. The first big news was the publication of a comprehensive health check of 130 large European banks by the European Central Bank, which was commissioned in response to the sovereign debt crisis in the Eurozone. Brussels lauded the latest investigation as the most intense scrutiny that European banks have ever been put through.

Industry Focus
Across the spectrum: ISO 20022 perspectives
standard forum logo CMYK

The original concept of the ISO 20022 was to create a repository of data used in financial messaging to communicate business information of any type – and to be able to add any types of data that might arise in the future.

ISO 20022: the beginning of the future?
Swift

The ISO 20022 standard is 10 years old this year, but its roots go back to some five years before that, and the story of its development and adoption is likely to go on for many years in the future. The datum point is probably the publication in 1999 of a Green Paper from SWIFT called ‘Building Standards for Tomorrow’. The modest proposal in that document is that “the next generation of standards will be based on a structured and formal framework”.

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