Asia Pacific firms take over 16 months to detect breaches, compared to over three months globally; over 35 months if breaches detected by external parties.
APRA may have delayed planned reforms to the Economic and Financial Statistics reported by banks, but banks can’t afford to be complacent, says Douglas Cheung, examining how banks should best prepare for the reforms.
Several online brokers had been hoping for a delay, tech advisory firm suggests some are ‘willing to trade a little security for convenience’.
Recent FCA case highlights cost of mismanaged outsourcing. Potential IT problems are brewing for private equity GPs too as big deals systemically overlap banking system.
If almost all communications between sales-traders and clients is classified as “research”, severe distortions will hit the economics of quality investment insights.
The Basel regime has shown itself to be incomplete and not universally applicable. With the Trump administration seeking to allow a return to proprietary trading, profound implications for global banks’ risk management are only just beginning to surface.
White paper calls for industry collaboration to develop common response and recovery standards and contingencies to mitigate impending attack.
Super regulator’s major obstacle will be resisting the cycles of international financial history while meeting the challenges of a big, fast-growing economy.
MiFID II’s rollout into the middle of a market reversal and complaints about asset manager fees couldn’t have come at a worse time.
Large technology investments to improve compliance performance have not yielded desired results almost ten years after the global financial crisis.