Financial Services Regulation

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.

Amit Agrawal NA at in transit

Risk Ratios

I thought let us talk about some of the rules and its impact on different regions Basel liquidity rule Covers : Banks worldwide What it does : Requires banks to hold enough cash or assets which can meet all debt coming due within 30 days. Impact : It ensures banks won’t run out of money even during any credit crisis. Thus forcing them to hold more ...

22 November 2014 /regulation

Amit Agrawal NA at in transit

Local compliance in a global business

Financial Institutions (FI) follow different solutions to fulfil compliance requirements. We can divide this into following different models: 1. Option 1 : in-house, in-country This option is will help FI to keep all the compliance functions in-house. Advantages: • It works great when FI has significant presence in the country • Helps to build go

13 September 2014 /regulation /sibos

Amit Agrawal NA at in transit

Intraday Liquidity: Implement Challenges

The management of intraday liquidity – defined by the Committee on Payment and Settlement Systems (CPSS) as “funds that can be assessed during the business day, usually to enable financial institutions to make payments in real time” – is now in the spotlight. Sources of this type of liquidity include central bank reserve balances, liquid assets on...

12 June 2014 /regulation /wholesale

Amit Agrawal NA at in transit

Non Compliance Cost

The current economic crisis has led to much debate in relation to the relative merits of compliance and noncompliance cost of the regulations. The widespread pain caused by the crisis has galvanized regulators around the world to impose far-reaching rules that address and add to the considerably large body of rules already in place. Thus we always...

10 May 2014 /regulation

Retired Member 

FSB to publish report on sharing derivative data

The Chairman of the Financial Stability Board (FSB), Dr Mark Carney, has written to the G20 Finance Ministers and Central Bank Governors providing an update on financial reforms. The letter summarises the progress so far in completing the programme of reform for the G20 Brisbane summit (which will take place in November), looks ahead to plans for...

08 May 2014

Retired Member 

BCBS publishes capital standard for bank exposures to CCPs

The Basel Committee on Banking Supervision (BCBS) has published a final standard for calculating regulatory capital for banks’ exposures to central counterparties (CCPs). This will replace the interim capital requirements and come into effect on 1 January 2017. The interim requirements will continue to apply until that date. The final standar...

07 May 2014

Retired Member 

EIOPA chair calls for extended powers of inquiry

The Chairman of the European Insurance and Occupational Pensions Authority (EIOPA), has given a speech on “The road to a true single market in financial services”. In respect of the challenges for cross-border business and promoting convergence in EU supervisory practices he called on Member States to ensure that their supervisory authorities are...

06 May 2014

Retired Member 

EC consults on the definition of FX financial instruments

The European Commission (EC) has launched the consultation on where the boundary lies between what is a foreign exchange (FX) financial instrument and a spot FX instrument in order to provide clarity on the definition of a “financial instrument” under of the Markets in Financial Instruments Directive (MiFID). The consultation is narrow in scope b...

02 May 2014

Retired Member 

ESAs issue RTS for non-centrally cleared OTC derivatives

The European Supervisory Authorities (ESAs) have launched a consultation on draft Regulatory Technical Standards (‘RTS') covering: the risk management procedures for counterparties to non-centrally cleared OTC derivatives - prescribing that counterparties apply robust risk mitigation techniques to their bilateral relationships, which will include ...

01 May 2014

Retired Member 

FSB identifies the need for more intense supervision

The Financial Stability Board (FSB) identified as a priority the need for more intense and effective supervision, particularly of systemically important financial institutions (SIFIs), after the financial crisis. The FSB has published two papers: - Supervisory Intensity and Effectiveness - progress report on enhanced supervision. This describes ...

30 April 2014