4364 Results from /regulation
John Foulley Director at Oracle
So much has been written about the models being the source of all evils in the risk management space. Surely the breaking down of correlation matrices was responsible to a large extent in the erroneous assessment of the exposures and real risk being carried in the balance sheet of our financial institutions prior to the 2008 crisis. In his nominat...
23 July 2013 /regulation
Retired Member
It has long been an American tradition that “all which is not forbidden is allowed.” While I am not in favor of the described “spoofing” activities, I see nothing but political score making behind the actions of CFTC since the latter is not going after but is making a showcase out of the consequences of the problem. Let’s try to make maximal sense...
Marc Murphy CEO at Fenergo
There’s little doubt that the six-month FATCA compliance delay is a welcome reprieve for foreign financial institutions (FFIs) across the world. It comes at a time when FFIs were beginning to feel overwhelmed – not necessarily by the complexity of what they have to do to become FATCA compliant, but by how much they need to do. Financial institutio...
23 July 2013 /regulation /wholesale Financial Services Regulation
Dividing derivatives contracts into over-the-counter and exchange-traded would seem to be a simple task, but this is far from true. Thanks to EMIR’s definition of ‘on-exchange‘, contracts that are traded on anything other than a regulated market (RM) will be considered OTC regardless of whether they are traded on an MTF or are economically equival...
18 July 2013 /regulation
The Treasury's response to the Parliamentary Commission on Banking Standard's investigation, published last week, was largely greeted with relief in the City with share prices on banks soaring. But the news wasn't greeted so warmly in all circles. Andrew Tyrie who heads up the PCBS criticised the legislation presented by the Government to “electri...
17 July 2013 /regulation
A professional cycling team's captain is not unlike a big bank's risk manager It’s July, and to many that means just one thing: the100th edition of the Tour De France! Established in 1903, ostensibly to sell a cycling based sports-paper, L’Auto, the ‘Tour De France’ has become the annual pinnacle in sports endurance, teamwork and strategic planning...
A culture of compliance…for technology Regulators and FATCA teams alike are currently focused on ensuring that institutions can start doing their jobs when deadlines like 1 January 2014 for new account identification hit. Oops, I mean 1 July 2014, with Treasury just announcing a delay for several deadlines. Add data fields to the core or CDD system...
15 July 2013 /regulation
Offshore investors have bought nearly $2 billion of yuan-denominated bonds so far in 2013, up by over 70% on 2012. These RMB bonds, known as “dim-sums” are really starting to add up. Is your firm already trading dim sum bonds, or looking to take part in this market? Participants should be aware that the Chinese renminbi has both an onshore and an o...
12 July 2013 /regulation
Over the last few months alone, we’ve witnessed: the finalisation of FATCA, Dodd-Frank, EMIR, MiFID II rules, the proposal for an enhancement of existing money laundering rules in the form of the 4th EU Money Laundering Directive, the completion of Customer Due Diligence (CDD) rules by FinCEN in the US, and the UK’s Financial Conduct Authority (FC...
09 July 2013 /regulation /wholesale Financial Services Regulation
Most women like saving a bit of money for a rainy day for themselves and their family. Unlike men who more often than not have to learn to appreciate the concept of saving money, women have been ingrained with this concept; it comes naturally to them. The question ‘how to manage your money’ is uppermost in their minds, all the time. Here are 5 tip...
09 July 2013 /regulation
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