4481 Results from /regulation
Retired Member
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
Marc Murphy CEO at Fenergo
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
A new compliance challenge or a hidden opportunity? UK senior bank employees at risk of jail sentences for banking negligence and failures dominated the headlines out of the Report of the Parliamentary Commission on Banking Standards. Hidden in the report was an equally populist idea: make bank account numbers portable in exactly the same way as mo...
04 July 2013 /regulation /retail
Let AML monitoring find the FATCA needles in your haystack FATCA and the Model IGAs define certain thresholds that determine the relevance of new accounts and the level (and timing) of scrutiny required for pre-existing accounts. For example, under IGA, a new individual customer is not relevant until and unless the aggregated balance of their depo...
04 July 2013 /regulation
When sales are waning, when your marketing department seems at wit’s end with regard to reversing the downward spiraling sales and when you are seeing a cash flow crisis looming on the horizon, you still have options. Value Added Marketing I know the concept isn’t new. It’s been around since the 70’s—a gift, if you will; from Ed Valenti of Ginsu kn...
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