980 Results from /wholesale
Retired Member
Yesterday ESMA published the long outstanding reference data for equities and bonds. Captains of the industry might worry little about abbreviations such as LIS, SMS, ADT, AVT or ADNT. But the engineers below deck understand perfectly well that these are the crucial coordinates to keep the ship on course. The reference data allows you to work out ...
07 December 2017 /regulation /wholesale MiFID
The third quarter was pretty good for the US markets as we saw all-time highs being made. However, this also meant that big investment managers and companies made little changes to their portfolio. They held their stocks to ensure the maximum returns on investment. The Berkshire Hathaway team, made some changes to portfolio. Apart, from the Bank o...
23 November 2017 /wholesale Personal Finance
Nobody ever said it would be easy 2017 has seen the rules change, the financial services sector will never be the same again. Competition is rife, regulation is overwhelming, and customer attitudes are fickle, emerging technologies are now presenting incredible opportunities and if you’re willing to step outside your comfort zone then the benefits ...
21 November 2017 /wholesale Capital Markets Technology
In its consultation for changing RTS 1, published yesterday, ESMA suggests that the tick size regime should also be extended to Systematic Internalisers. I don’t want to discuss whether it is a sensible proposal. Nor do I want to debate whether ESMA can use a Level 2 text to override the explicit statement in MiFID II (Article 18 and 39). MiFID I...
10 November 2017 /regulation /wholesale MiFID
Sufyan Khan Head of Pre Sales / Solution Consulting - Europe at Oracle
The objective of developing a Common Reporting Standard (CRS) is to combat tax evasion. Common Reporting Standard (CSR) is the tax reporting framework developed by Organisation for Economic Cooperation and Development (OECD) that requires Automatic Exchange of Information (AEOI) between tax authorities in participating countries for inter-jurisdic...
01 November 2017 /regulation /wholesale Transaction Banking
So, MiFID I, you turn 10 today. Happy Birthday! That’s an excellent reason to pause and celebrate a little. When you first arrived markets were dominated by national stock exchanges with little or no pan-European focus, trading was mostly manual, and smart order routing and best execution were foreign terms from across the pond. You’ve certainly l...
01 November 2017 /regulation /wholesale MiFID
Breana Patel CEO | Thought leader in Bank Risk & Regulations at Bonova Advisory | Risk &Regulatory Advisory
Background 11.5 million documents, a staggering number, were leaked from Panamanian law firm ‘Mossack Fonseca’ in 2015. The contents of these documents, mostly financial information about wealthy individuals and public figures wound up revealing some fascinating facts. These facts led to investigators realizing that illegal operations were occurri...
17 October 2017 /regulation /wholesale Financial Services Regulation
Recording the execution decision maker is a new requirement under MiFID II. Working out how to populate that field turns out to be trickier than expected. Take a buy-side that gives strict execution instructions on how to execute its agency care order. On the one hand, you could argue that the sell-side made no decisions and therefore records NORE ...
17 October 2017 /regulation /wholesale MiFID
Bob Lyddon Consultant at Lyddon Consulting Services
In June Banco Popular Espanol (“BPE”) was sold to Santander for €1, with Santander taking over all the assets and senior liabilities of BPE. Crucially BPE depositors with over €100,000 in their accounts were not bailed-in – they did not have the excess converted into “capital-like instruments” in the recovering/resolved bank. The holders of share ...
19 September 2017 /wholesale Financial Services Regulation
Shyam Khandelwal Business Analyst at HSBC
Background The other day I was shopping on Amazon and Flipkart online. I chose a mobile to buy and on the same page, another section came up which had information displayed for a mobile cover and a screen protector for that mobile. The site also created a combo deal of all 3 items (mobile, cover and protector) and gave the total amount which needs...
05 September 2017 /retail /wholesale Futuristic Banking
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