Used by Delta Capita to publish ‘Points of View’ posts to the Publications section / the homepage of the main website.

Insurance 2017: A Journey Toward Self-Disruption

Insurers are aware that they may need to change their business models, but are current initiatives sufficiently grounded? Onno Bloemers, Delta Capita Insurance Lead, suggests more of ‘the right stuff’ might be required in order to overcome innovation obstacles.

Last year, an EIOPA stress test revealed that a large portion of European insurers remain vulnerable for one or both of the tested scenarios. At the same time, insurers continue to struggle with a constant shift in customer expectations. We are all used to seamlessly working digitally in more and more aspects of our lives, and we’ve come to expect the same treatment when it comes to insurance.

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Clock synchronisation…time is ticking

MiFID II’s clock synchronisation rules have given the buy-side plenty to think about, Hayley McDowell looks at the challenges and how technology is helping.

In August this year, UBS signed an agreement with the National Physical Laboratory in the UK to implement its time accuracy technology, ahead of regulatory synchronisation reporting requirements. The technology was described as ‘atomic’, with the laboratory currently operating two of the world’s most accurate clocks – accurate to one second every 158 million years.

The global co-head of equity electronic agency trading at UBS, Chris McConville, said at the time the clock would “provide UBS infrastructure with a stable, accurate and resilient time signal, whilst simplifying the MiFID II time synchronisation traceability requirements.”

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Worth more than the paper it’s written on

Can collateral optimisation work if legal agreement execution remains pedestrian? Bimal Umeria and Jonathan Adams of Delta Capita take a look

The slow, fragmented and manual process of changing legal agreements increases risk for all market participants. One consequence of multi-jurisdictional business growth, product diversity and increasing regulation is that the contractual process becomes more fluid. Legal agreements, their annexes and addenda require regular review and change. This has led to an increase in administrative burden and legal costs for all participants in the securities finance industry. […]

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Too early for the buy side?

Awareness building is imperative to ensure that collateral management efficiency is given focus so that is can have an impact on the bottom line, according to Jonathan Adams of Delta Capita.

Earlier in 2016, it was reported that despite some considerable investment and development of collateral management applications, utilities and services, there was very little take up by the buy side. This is a significant finding given the potential benefits for asset management firms to further mobilise portfolio assets for day-to-day requirements such as managing liquidity risk and meeting margin call obligations. […]

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The Ability to Constantly Learn, Change, and Execute: Digital Transformation

Paul’s Growing Digital Understanding

Paul is an executive manager in financial services and just came back from a business trip to Singapore, where he was inspired by workshops about Digital Transformation. On the flight home he had plenty of time to consider his personal as well as his professional digital awareness.

Paul was born 45 years ago, in 1970, an era where there was no digital at all. His first memory of media and communications are over 40 years old and all about analogue models: a world in which radio, tv, newspapers, shopping, doing business, banking and all other things had nothing to do with each other. Each of them was an isolated island, a physical world that was relatively easy to understand, with physical restrictions, strict opening times and lots of paper work. […]

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ESMA guidance on Mifid II comes just in time

Giles Kenwright, head of regulatory advisory at Delta Capita, reacts to ESMA’s latest Q&A on Mifid II, as market participants face a race against the clock just over a year out from implementation. 

Hot on the heels of the FCA’s consultation paper at the start of this month, ESMA Q&A guidance for Mifid II undoubtedly removes a good chunk of ambiguity. Until now, the previously released RTS documents, which outlined the conceptual framework for Mifid II, were often far too vague to allow business or technical solutions to be implemented.

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R3 represents progress – but the Blockchain foundations still need to be laid!

With a host of big names continuing to sign-up to the Blockchain consortium R3, Trevor Belstead at Delta Capita explains why groundwork still needs to be done before distributed ledger technology solutions become a reality.

Like the well-known biblical reference about building a house on bedrock not sand – the same could very well be said of Blockchain. From an initial group of 9 to well over 50 firms in under a year, the R3 Blockchain R&D group has come a long way in a relatively short space of time.

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PSD 2 – General Overview

PSD 2 – General Overview

The Payment Service Directive (PSD, 2007) provided the legal foundation for the creation of a European Union-wide single market for payments. The Directive offered economies of scale and supported the Single Euro Payments Area (SEPA) in practice. Furthermore, the PSD is said to have eased access for both market entrants and payment institutions offering more competition and choice to consumers.

However, a remaining lack of access, ease of entry to payment services and increased digitisation has resulted in a fragmented and disrupted payment market, in which players at times remain in a grey spot of regulation. Therefore, in 2013, the European Commission (EC) started on creating the Payment Service Directive 2.

The objective of the PSD 2

With the PSD 2, the EC aims to:

  • Improve the level playing field for payment service providers (PSP’s) • Contribute to a more integrated and efficient European payments market
  • Improve the safety and security of payments
  • Further increase competition and innovation
  • Incorporate new payment initiatives into the regulation
  • Standardise and harmonise pricing and liability within the European Union

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Introduction to Blockchain

Frenemies at the gate: Growing trend in banking consortiums

A curious cultural shift is taking place when it comes to problem-solving in the financial services industry. Follow this link to read an article written by our CEO on the growing trend in banking consortiums. The article considers conditions for collaboration, the different types of consortium and the critical set-up and management factors that position […]