Regtech still finding its feet, as banks and regulators do delicate dance
“Consultants from BCG’s Expand subsidiary, which runs the BCG FinTech Control Tower, told representatives from ASIC, the Reserve Bank, the Australian Prudential Regulation Authority, AUSTRAC and Austrade that there are almost 30 regtech start-ups in Australia, the third-largest global regtech hub after the US and Britain.” – Australian Financial Review, 26th February 2018
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Bankers to burn midnight oil ahead of ‘MiFID’ dawn
“Banks and trading firms have spent millions of euros getting ready for the big day. A report from Expand, part of the Boston Consulting Group and IHS Markit, has estimated that top global banks and asset managers will have spent $2.1 billion (£1.55 billion) last year to comply with the rules.” – Reuters, 2nd January 2018
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Cutbacks and Opportunities: The Market Data Job Market
“Market data departments are increasingly becoming more exposed to running-cost scrutiny, and teams now perceive they must do more with less from both a financial and resource perspective” – Market Data Lead Rachel Selby gives Waters Technology the Expand perspective on the area’s changing job market. – Waters Technology, 28th July 2017
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IOSCO Research Report on Financial Technologies (Fintech)
The international association’s report incorporates Expand & BCG’s work in mapping out the dynamics of the FinTech landscape, and in tracking the dramatic growth of the sector’s size and span to date – IOSCO, 8th February 2017
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New BCG Office at 10 Hudson Yards Aims to Maximize Casual Collisions
“The new office is part of a firmwide strategy to create a vibrant, enjoyable workplace experience that will inspire people to build relationships and share insights to deliver outstanding client value… The new office brings together several BCG businesses under one roof for the first time” – Yahoo! Finance, 17th January 2017
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Hong Kong Securities & Futures Commission: RegTech & FinTech Contact Day
Material from BCG / Expand’s FinTech Control Tower was used in the regulator’s material for the RegTech & FinTech Contact day, as well as the Hong Kong FinTech Festival. – Securities & Futures Commission, 7th November 2016
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The Financial Times: UK Brokers Face Tougher Commission and Research Rules
“Changes to trading systems, improved pricing transparency and trade reporting and tougher compliance could cost the financial industry more than $2bn next year according to a survey of 40 investment banks and 400 asset managers by IHS Markit and Expand, a consultancy owned by the Boston Consulting Group.” – The Financial Times, 29th September 2016
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Thomson Reuters: FX Exchange Spotlight – Undercurrents of Change
“Rupert Bull, managing partner of Expand Research, a subsidiary of the Boston Consulting Group, explains that the biggest disruption in FX at the moment is the changing role of the sell side and the ability of banks to act as market makers.” – Thomson Reuters, 9th July 2014
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Euromoney: FX Probe Digs the Dirt to Clean Up Market Structure
“The biggest disruption in FX at the moment is the changing role of the sell side and the ability of banks to act as market makers,” says Rupert Bull, managing partner of Expand Research, a subsidiary of the Boston Consulting Group. “Relatively few banks in the future will be able to be all things to all people and the focus will shift from market share to profitability.” – Euromoney, 6th May 2014
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Finextra: Fixed Income Connectivity Working Group Extend Scope to Cash Bond Markets
“The Fixed Income Connectivity Working Group (FICWG) of leading sell side banks has today committed to further increase transparency and efficiency in the cash bond markets by the promotion of open, standardized protocols for the electronic trading of cash fixed income products. The FICWG initiative was launched by the global investment banking community in June 2011 and supported by Etrading Software Limited (“Etrading Software”) and Expand Research LLP.” – Finextra, 13th March 2012
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