4194 Results from /regulation
Retired Member
There is no doubt that EMIR is still on track. February 2013 opened with a cliff-hanger of a week that saw the European Securities Market Association (ESMA) (responsible for building the single rule book across European Union financial markets and ensuring its consistent application and supervision) present for EU Parliamentary scrutiny its Regula...
21 February 2013 /regulation
When it’s a clothes horse. Or in a burger, where it’s masquerading as a cow. Okay, I’ve used a popular news story to entice you into this article, but the point I wish to make is exceptionally valid. Fraud is everywhere. In my previous blogs I typically discuss fraud as if it’s an online-only activity, but the truth is it can happen anywhere, in ...
20 February 2013 /regulation /retail
As discussed in previous blogs, there are many differences between eInvoicing in Latin America and the rest of the world. This includes Europe specifically. In this article, I specifically point out the key differences from the Accounts Payable perspective. With the new legislation in 2012 mandating inbound einvoice validation in both Mexico and...
13 February 2013 /regulation Electronic invoicing
After EMIR, Basel III and Dodd Frank, MiFID II is now on the horizon. Are you keeping up with the latest regulatory developments in the market? Alarmed by the impact of the latest financial crisis, regulators globally have released a set of new regulations. While most financial institutions are already working diligently on the implementation of EM...
13 February 2013 /regulation
What can we learn from the latest product miss-selling scandal? Last month the The Financial Services Authority announced that it is reviewing the practices of the U.K.’s big retail banks after finding serious problems with miss-selling interest rate hedging products to small and medium sized businesses. This new scandal will put even greater pres...
12 February 2013 /regulation /retail
Enrico Camerinelli Supply Chain Blockchain Personal Coach at Aite Group
The EU directive on Late Payments (2011/7/EU) is just around the corner. The new Directive will have to be transposed into national law by 16 March 2013 at the latest by all countries in the European Union. The provisions of the new directive include, among others: Public authorities will have to pay for the goods and services that they procure wi...
12 February 2013 /regulation /wholesale Financial Supply Chain
1st February will be remembered for many things including the end of the Cold War in 1992 and The Beatles “I Want to Hold Your Hand” becoming number one on the US charts in 1964 which many feel was the beginning of a music revolution. 1st February 2014 adds to the roll call of major historical events with the end date for SEPA (Single Euro Payment...
11 February 2013 /payments /regulation
Marc Murphy CEO at Fenergo
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 FFIs and non-financial foreign entities (NFFEs). The challenge here lies in the complexity of the classification that needs to be carried out to ens...
11 February 2013 /regulation /wholesale Financial Services Regulation
Despite the growth of automated, electronic trading – whether high-speed or algorithmic or plain vanilla – voice trading is still a key element of markets in most asset classes, and in particular where trades need to be negotiated. We’d all expect firms to keep archives of all electronic transactions, as with all of their computer data. But what...
06 February 2013 /regulation
Even with the newly announced December 28th mandates by the Mexico SAT, there is still quite a bit of confusion in the marketplace. If you run a Shared Services environment or if you are in charge tax compliance or account payables, here are four issues you or your service provider should be able to answer. How will you deal with the inbound XML...
05 February 2013 /regulation Electronic invoicing
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