In response to the needs of global market players, Moscow Exchange has expanded its international presence and can immediately offer its customers network connectivity in top financial centres using TMX Atrium’s infrastructure. Moscow Exchange’s enhanced services will provide customers with connections to the Exchange's Trading and Information Systems via more than 20 points of presence (POPs) across the globe.

With a strategic vision to transition smoothly to the country's new 'RBS-driven' regulatory regime, the Bank has chosen Fintellix's Risk Based Supervision solution. This pro-active initiative by the bank will help it migrate efficiently towards complying with the Indian Central Bank, the Reserve Bank of India (RBI)'s risk-based supervision guidelines by leveraging the effort spent on RBI’s Automated Data Flow initiative, while at the same time benefiting from features like customizable workflows, seamlessly integrated action plans and superior collaboration capabilities.

We are witnessing a retail banking renaissance: new entrants and digital disruptors are entering the market and the established banks are taking notice. These new entrants are moving fast to build out competence and credibility in this notoriously conservative sector. Consumers have welcomed digital disruptors with open arms in other walks of life; it was only a matter of time before banking became the focus.

The 2015 BIS progress report around BCBS 239 throws up some significant compliance gaps. There is much within the report to discuss. One of the primary goals of these principles was to address was a bank’s ability to access the right data at the right time and get it to the right people. The 2008 crisis made it clear that this wasn’t either doable or easy in a lot of cases back. How far have the banks progressed? And what are the similarities and discrepancies that we also find with our own independently commissioned report of 29 major financial institutions across the globe.

Over the last few years, there has been an overwhelming number of regulatory guidelines banks have had to comply with. While some of these guidelines, like reporting on Special Mention Accounts and Risk Based Supervision are Central Bank specific, others like FATCA are international in nature.

The example below shows the formidable challenge Indian banks have of staying perpetually compliant