From the world of b-next
On 3rd July 2016 the Market Abuse Regulation (MAR) mandate comes into force, strengthening the existing UK market abuse framework by extending its scope to new markets, new platforms and new behaviours. New provisions to prevent and detect insider dealing and market manipulation are contained in the mandate.
Wolfgang Fabisch, CEO b-next comments on how the IT industry in Lviv and Ukraine should focus on developing expertise and unique services to attract talent to the region and ensure its future success.
At the 11th IIR Banking congress in Vienna, Wolfgang Fabisch (CEO, b-next) will give a presentation on holistic surveillance and compliance solutions related to MIFID II requirements and on the integrated use of Voice Analytics for trading activities (monitoring, analysis, alerting, visualization).
The role of software in monitoring market abuse – how can firms monitor market abuse using specialist software solutions and the types of instrument that can be monitored. Example scenarios will also be examined.
Wolfgang Fabisch, co-founder and CEO b-next, comments on FX monitoring systems and the importance of voice analytics.
Banks are taking a less passive approach and striving to spot wrongdoing early on. 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.