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Insurers: Are you ready to play?

13 FEBRUARY 2019

The gaming industry in the UK is now bigger than sales of music and video combined, totalling some £3.86 billion, according to figures from the Entertainment Retailers Association released in January[1]. The gaming industry in the UK has doubled in size since 2007, the figures show. From hard-core gamers to those who occasionally play Candy Crush on their mobile phones, gaming is part of everyday life for many consumers – notably millennials.

Steven Maijoor on "Brexit – the regulatory challenges" at the European Financial Forum, Dublin

Banorte Selects Murex’s MX.3 Platform to Meet Counterparty Risk, XVA and Collateral Management Needs

Paris, France, 13 February 2019

- One of the largest banking groups in Mexico chooses to extend the scope of their MX.3 platform -

Banorte, the second largest financial institution in Mexico, has recently selected Murex, a global leader in trading, risk management and processing solutions, to meet its counterparty risk, XVA and collateral management needs. Murex’s MX.3 platform will be used for front-to-back-to-risk activities across Banorte’s entities...

New Book: Making Business Sense of Technology Risk

I am pleased to announce that my new book is available on Amazon.You can find details on the Norman’s Books tab. While I started my career as a financial auditor, I soon migrated to the IT world. I was an IT auditor, manager, and senior manager in public accounting and industry before crossing over to […]

ISDA Response to ESMA and EC on Proposed Technical Standards on Brexit-related Novations

ISDA sent a letter to ESMA and the European Commission commenting on the proposed technical standards on Brexit-related novations. ISDA welcomes these standards that seek to give relief from the margining and clearing requirements to OTC derivative contracts that are transferred (novated) from a UK to an EU counterparty.  However, the fact that the relief is contingent on the event of a no-deal Brexit makes it operationally difficult for firms to enter into agreements to novate contracts.

CanDeal Partners with six Canadian Banks to Create Market Data Hub

The six largest Canadian banks have partnered with CanDeal to create the country’s first comprehensive fixed income and derivatives market data hub. The Data-as-a-Service (DaaS) business, DataVault Innovations, intends to produce best in class pricing and analytics data to address the growing data needs of participants and regulators.

While presently ingesting data from each of the six banks, DataVault Innovations is actively seeking an inclusive strategy to engage all other marketplace data contributors.

Zurich Capital Management

We believe this firm has been providing financial services or products in the UK without our authorisation. Find out why to be especially wary of dealing with this unauthorised firm and how to protect yourself from scammers.

The Commodity Futures

The Commodity Futures Trading Commission (CFTC) today announced 2019 Examination Priorities for registrants of the Division of Market Oversight (DMO), Division of Swap Dealer & Intermediary Oversight (DSIO), and Division of Clearing & Risk (DCR). This marks the first time that the agency has published Examination Priorities for its divisions.


Infographic: Hedge fund success in 2019

Frontier Markets (clone of authorised firm)

Fraudsters are using the details of firms we authorise to try to convince people that they work for a genuine, authorised firm. Find out more about this ‘clone firm’.