269 Results from 2013, /regulation
Dan Barnes Writer at Information Corporation
We can soon expect the European Central Bank (ECB) to outline the details of the Asset Quality Review (AQR), an examination of some 130 European banks’ assets, to be conducted in 2014. The AQR may well lead to a polarisation of banks, cutting to the quick on their viability or otherwise. As such it may precede something of a cull… Banks get tested...
20 November 2013 /regulation /wholesale Future Finance News Analysis
Retired Member
With the election of the European Parliament scheduled for May 2014, the Level 1 texts of MiFID II, MAD II and CSD Regulation are likely to be agreed before then. This means that next year will be all about drafting and agreeing the Level 2s for those laws. ESMA kicked things off at the end of last week, publishing the first discussion paper on the...
18 November 2013 /regulation
I read with interest, as I am sure many US Governed Financial Institutions do, the suggested bill introduced to the US house ‘HR3317 – to deter Money Laundering and Terrorism Financing’. Clearly, the Bill, which was only introduced in October 2013 by Maxine Waters, and is of course not yet law, seeks to further tighten up penalties for offences. To...
13 November 2013 /regulation Financial Services Regulation
With the European Securities and Markets Authority (ESMA) having finally authorised the first trade repositories under the European Market Infrastructure Regulation (EMIR), the race to implement trade reporting is now well and truly on! To be clear, as of the 12th February all derivatives trades (both exchange traded and over the counter) falling u...
11 November 2013 /regulation
Asset owners and investment managers across the globe are sitting on a goldmine of investment data which, if fully harnessed, can lead to better outcomes for investors and facilitate better decision making by investment managers. Over the past 18 months, asset owners and investment managers are coming to understand the importance of investment dat...
10 November 2013 /regulation
In 2014, Latin America has announced new tax and electronic invoicing policies which will divert IT funding and staff away from strategic initiatives while exposing multinationals to potential operational shut downs and severe financial penalties. If you are running a single ERP global instance or you are implementing a consolidated ERP in Brazil,...
06 November 2013 /regulation Electronic invoicing
Financial Services Institutions (FSIs) are increasingly faced with a host of regulatory and legal woes, which are increasing operating costs and eating into profits, as they continue to grapple with the uncertainty of changing compliance and reporting requirements. FSIs face potentially business threatening fines for non-compliance. Recently, J.P....
06 November 2013 /regulation
Neil Crammond risk education & real time market abuse at DIVENTO FINANCIALS
code of silence broken CITI , RBS . BZW . UBS . GSF . ICAP . RABOBANK cartel traders guilty of persistent market abuse . I struggle to find confidence in our markets when yet again senior players are found guilty of manipulating and abusing our exchanges . The markets have griped for years about market abuse ; layering crossing ; spoofing etc
With the structure of global OTC markets – particularly OTC derivatives - going through some fundamental changes at the moment, it is perhaps not surprising that the main focus of many firms in the industry right now is on how to comply with all of the new regulations that impact their business. But just complying with rules and regulations and...
The media is awash with speculation on the preparedness (or indeed, lack of preparedness) of buyside firms for European Market Infrastructure Regulation (EMIR). With the EMIR trade repository authorisation deadline on the 7th of November looming, we’ve spoken to a number of our contacts at leading buyside firms to establish whether or not this is ...
05 November 2013 /regulation
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