4488 Results from /regulation
Retired Member
Post-Lehman, risk information has been in high demand. Still, there seems to exist a “risk gap” among risk managers and risk takers including fund managers and traders in the front office who continue to view risk management as an ‘after the fact’ middle office reporting routine for investors and regulators. In effect, many risk takers are still n...
04 March 2013 /regulation
Discussions in Brussels between EU country representatives on European banking ended last night, with the decision taken to automatically cap banker bonuses at the level of their salary or two times their pay, if a shareholder majority grants it. The UK is worried that the ruling will damage its position as a major international financial hub. But...
28 February 2013 /regulation
Marc Murphy CEO at Fenergo
On the plane back from a meeting recently, I got to thinking about the complexity of compliance. The sheer number of new and evolving regulations that are coming down the road is simply staggering. Imagine having overall responsibility for understanding each of these new regulations, analysing and determining their impact on the bank and having to...
27 February 2013 /regulation /wholesale Financial Services Regulation
Financial organisations are starting to sweat as the first deadline for FATCA compliance looms on the horizon. Next January 1st will see banks ringing in the New Year with new account opening procedures to identify US account holders and classify them into a FATCA category. Moreover, by the end of next year, they will need to conduct look-back on...
25 February 2013 /regulation /wholesale
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
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