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.

Darragh Pelly COO at Reitigh Software

How financial services companies can become change makers

Change is the only constant in the financial services sector. This has long been the case; however, the coronavirus crisis has put it on a level like nothing else we have ever seen before. The implications of the pandemic have been far reaching. Falling credit ratings reduced the world of investment grade bonds, face-to-face selling became imposs...

11 December 2020 /regulation /cloud

Retired Member 

How to Simplify New Beneficial Ownership Disclosure Rules

The United States has stepped up its anti-money-laundering practices after taking some heat. In the Financial Action Task Force's 2016 mutual evaluation, the group found: Lack of timely access to adequate, accurate and current beneficial ownership (BO) information remained one of the fundamental gaps in the US. [1] As a result, the United States re...

09 December 2020 /regulation /crime

Anna Monteiro Global Head of Business and Product Development at www.solutions-atlantic.com

SEC 13F THRESHOLD PROPOSAL MAY BE DOWN BUT NOT YET DEAD

On 10 July 2020, the SEC released for comment a proposed rule that would change the reporting threshold for Form 13F from $100 million to $3.5 billion for institutional investment managers. The SEC thought it was a good time to increase the threshold which was established 45 years ago to reflect the change in size and structure of the U.S. equitie...

18 November 2020 /regulation /markets

Steven Rackham CTO for Financial Services at NetApp

From compliance to innovation: the acceleration of DX in FS

The COVID-19 pandemic has helped to drive focus for financial institutions onto systems resilience and operations. Once cast in a role of planning for different worst case scenarios, CIOs have been tasked to help banks continue to service customers in the new ‘stay-at-home’ era, focusing on delivering self-service systems, modernising and enabling...

24 September 2020 /security /cloud

Kirston Winters MD, MarkitSERV at IHS Markit

IBOR transition update: EuroSTR has an August holiday?

After the recent uptick in EuroSTR (a.k.a. €STR) volumes in late July driven by the major CCPs switching from using EONIA to EuroSTR for discounting all Euro OTC interest rate products we looked at August data to see if this was just a blip or whether EuroSTR in fact held its increased share of the market throughout August. In June, prior to the C...

21 September 2020 /regulation /wholesale

Anna Monteiro Global Head of Business and Product Development at www.solutions-atlantic.com

Changes in Foreign Direct Investments Part II

As a follow up to the blog published on 8 June, foreign direct investment oversight continues with several countries issuing new rules or extending previously established rules. While much of this stems from COVID-19 and the uncertainty of market stability, it also speaks to the lack of trust governments have for their foreign counterparts. Since...

10 September 2020 /regulation /markets

Matt Smith CEO at SteelEye

Why Monitoring News to Detect Insider Trading is Now Essential

As the Covid-19 pandemic continues, global regulators are warning financial services firms that they may need to enhance their trade surveillance activities to ensure they detect potential financial crime and insider trading. During lockdown, the UK Financial Conduct Authority (FCA) voiced concerns about managing insider trading conduct risks with ...

06 August 2020 /regulation /crime

Kirston Winters MD, MarkitSERV at IHS Markit

IBOR transition update: EuroSTR grabs a foothold?

In the latest development in the IBOR transition, on the weekend of July 25th, we saw the major CCPs perform the much-anticipated Euro discounting and price alignment transition from using EONIA to EuroSTR (a.k.a. €STR) for all Euro OTC interest rate products. We understand that all compensation payments have now settled. The question market watch...

06 August 2020 /regulation /markets

Anna Monteiro Global Head of Business and Product Development at www.solutions-atlantic.com

Investing in Sweden - Take Note

It’s July, so naturally, things are starting to heat up here in the northeastern part of the US. Taking a look back at the first half of the year, regulatory organizations were also heating up. I’ve previously written about the need for automation to support global shareholding disclosure obligations due to changes in short position reporting, and...

14 July 2020 /regulation /markets

Retired Member 

The Stock Ticker Is the Beating Heart of U.S. Finance. Why Haven’t We Got One?

Since the implementation Mifid1 in 2007, there has been a lot of talk about a pan-European consolidated tape, whether it would benefit the market, how it might operate and why it has not come about without regulatory pressure. Post 2007 when stocks when allowed to trade on multiple exchanges, market participants who wanted to see the full history a...

07 July 2020 /regulation /markets