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This network is for financial professionals interested in staying up to date on financial services regulation happening anywhere in the world. CFOs, bankers, fund managers, treasurers welcome.
Attending a data management event last week in London, it suddenly dawned on me that banks are in real danger of missing regulatory deadlines for implementation of compliance initiatives to comply wit...
In a speech by the Chairman of the European Insurance and Occupational Pensions Authority (EIOPA) confirmed the plan to develop guidelines to ensure that supervisory authorities put in place a prospec...
The Chairman of the Financial Stability Board (FSB) provided an update to G20 finance ministers on the priorities and work plans of the FSB. This includes addressing issues around regulatory uncertai...
A second consultation paper has been issued detailing the near-final proposal on margin requirements which includes the introduction of a universal initial margin threshold of 50 million Euros. Addit...
FSA has a new webpage setting out the notifications required from 15 March from financial and non-financial counterparties under the European Markets Infrastructure Regulation (EMIR). The key point...
The Regulatory Technical Standards (RTS) under the European Markets Infrastructure Regulation (EMIR) were published on 23 February in the Official Journal. They will therefore enter into force on 15 ...
The European Securities and Markets Authority (ESMA) has published a call for evidence on the effects of the Short Selling Regulation and is surveying market participants. The review focusses on: tr...
On 14 February the Commission adopted a proposal for a Directive implementing the enhanced co-operation for a financial transaction tax (FTT). The tax will be due if any party to the transaction is e...
The European Securities and Markets Authority (ESMA) has updated its Frequently Asked Questions on the European Markets Infrastructure Regulation (EMIR) by adding a new question 13 in part II on the r...
The European Securities and Markets Authority (ESMA) has issued guidelines on the exemption criteria for market makers under the short selling provisions. The template forms that are required to be c...
On the plane back from a meeting recently, I got to thinking about the complexity of compliance. The sheer number of new and evolving regulations that are coming down the road is simply staggering. Im...
Under FATCA rules, every foreign financial institution (FFI) must identify and classify all its clients with US indicia, but also do the same for all parties to financial transactions, including other...