Regtech
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EU Markets Regulator Voices Concern Over Cloud Technology Risks to Financial Stability
By Lucy McNulty
September 1, 2021, Financial News
The European Union’s markets watchdog has warned that financial services companies’ increasing use of cloud-service providers “could create financial stability risks.”
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Bank of England to Crack Down on ‘Secretive’ Cloud Computing Services
By Huw Jones and David Milliken
July 13, 2021, Reuters
Cloud computing providers to the financial sector can be “secretive”, and regulators need to act to avoid banks’ reliance on …
EU Watchdog Takes Deep Dive Into Banks’ Use of Tech
By Huw Jones
June 29, 2021, Reuters
Banks’ increasing dependence on ‘RegTech’ technology to automate fraud checks and send data to regulators may need common rules to encourage wider use, …
Banks Invest in Futures Utility to Guard Against Tech Snafus
By Luke Clancy
June 16, 2021, Risk
Ten of the world’s largest clearing banks have agreed to fund the growth of an industry utility tasked with helping standardize post-trade workflows …
Will Bankers Embrace Sensors Under Their Desks When They Return to Work?
By Elizabeth Marshall
May 21, 2021, Reuters
Reservation systems for seats. Algorithms that say whether a location is crowded or not. Cameras to show what’s happening in real-time. Trackers that …
Goldman Sachs Predicts Quantum Computing 5 Years Away From Use in Markets
By Richard Waters
April 30, 2021, Financial Times
Quantum computing could be brought to bear on some of the most complex calculations in financial markets within five years, considerably earlier …
Bank of England Sees Potential Risks From Cloud Data Providers
By David Milliken and William Schomberg
April 21, 2021, Reuters
The Bank of England might strengthen its controls on cloud data providers and other technology firms to counter possible risks …
Stock Clearing Stalwarts Face Increasing Threat From Blockchain
By Philip Stafford
April 6, 2021, Financial Times
Credit Suisse and broker Instinet said on Tuesday they had settled privately-negotiated stocks deals on a blockchain for the first time, speeding …
Bank of England Acts to Limit Fallout From Banking Glitches
By Huw Jones
March 29, 2021, Reuters
Banks and other financial firms in Britain must set out by March 2022 how quickly critical parts of their business could recover from …
EU Watchdog Raises Concerns on Third Party Reliance After Exchange Outages in 2020
By Annabel Smith
March 18, 2021, The Trade
The markets regulator in Europe has raised concerns over trading venues’ reliance on third-party data and software providers following several major technical …
