Banks move towards active compliance
Sell-side players aim to weed out bad actors before wrongdoing
As banks re-evaluate the meaning of counterparty and compliance risk, they are striving to spot wrongdoing at the earliest stage rather than monitoring activity at the end of the process with little analysis.
Years ago, banks took a passive approach to compliance, somewhat relegating the role of internal policing to a back-office function with little bite. Firms would capture and archive chat, along with other information, and when a breach occurred they would respond by revisiting this data to
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe
You are currently unable to print this content. Please contact customer services - www.fx-markets.com/static/contact-us to find out more.
You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@fx-markets.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@fx-markets.com
More on Risk systems
UBS: last look is sticking around, but conversation evolving
Bank says transparent and open discussion can produce “mutual benefits going both ways”
Record builds synthetic FXPB offering
Specialist currency manager will use tri-party model to move securities collateral between banks
FX surveillance gets personal in hunt for market abuse
Algorithms underpinning today’s platforms are learning traders’ habits – even their voice won’t escape detection
Natural language processing added to trade monitoring
Market participants can create bespoke analytics with Ideal Prediction's Scope tool
Rise of workflow as the buy side's low-key hero
The goal is to build a “single source of truth” to cut costs, make better trading decisions and react quickly to new regulation
TraderTools to roll out algo suite for regional banks
Regional banks on the platform will be able to behave like HFTs in their local currencies
Kx Systems: ‘fill or kill year’ for Global Code adoption
We need systems that can verify whether a firm is in compliance with acceptable market standards, says Richard Kiel
OCC will not offer further guidance on ‘fourth-party’ risk
Onus on banks to vet subcontractors during contract negotiations, regulator says