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19 Oct
2016

Latest edition of RegBeacon published

  • 19th October 2016
  • Daniel Simpson

We are pleased to publish the latest copy of our newsletter, RegBeacon. In this edition we look back on a quarter that saw us take major steps forward with our regulatory change management platform, RegDelta, host more than 10 industry working groups and agree to host another crucial conference on RegTech. As politicians, courts, regulators..

28 Sep
2016

Key regulatory themes for 2016

So far 2016 has been one of the most contentious years since the G20 agreed the regulatory reform agenda seven years ago. With ever-rising costs, increasingly more severe penalties, and continued issues with data quality, it would be easy to claim the plans conceived in the wake of the crisis are not going to get..

20 Sep
2016

KID Sent to the Naughty Corner- European Parliament rejects PRIIPS rules

  • 20th September 2016
  • Letitia Bolton

On the 14 September 2016 there was a staggering majority vote against the EU Commission’s Regulatory Technical Standards (RTS) for the PRIIPS key information document (KID), at 602 to 4, with 12 abstentions. The rejection by the Parliament of the implementation rules proposed by the Commission is unprecedented in the financial markets, and now it..

31 Aug
2016

Banks still pose the risk of being “too big to fail”

  • 31st August 2016
  • Darshna Pindoriya

On 18 August 2016, the Financial Stability Board (FSB) published two final guidance papers for authorities and firms as part of the agenda to end the “too big to fail” risk. Some progress is being made, and the FSB has said that “banks have begun to develop issuance strategies to meet new total loss-absorbing capacity..

18 Aug
2016

Concerns are raised over the cost of the Basel reforms

  • 18th August 2016
  • Darshna Pindoriya

The Global Financial Markets Association (GFMA), a banking lobby, has warned regulators that new rules must be closely examined to assess their impact on the global financial markets. This comes as a result of the proposed changes to capital requirements that the Basel Committee is currently implementing. These changes to capital requirements could have a..

28 Jul
2016

RegBeacon Published

  • 28th July 2016
  • Daniel Simpson

We are pleased to publish the latest copy of our newsletter, RegBeacon. In this edition we look back on a quarter that saw us host a successful conference on RegTech and we consider where this leaves the industry and what the next steps need to be. This quarter, despite the most serious political event the..

05 May
2016

ESMA updates RTS on position limits

On Monday the European Securities and Markets Authority (ESMA) published opinions on the Regulatory Technical Standards for position limits (RTS 21) and non-equity transparency (RTS 20) under MiFID II, in response to the Commission’s request to ESMA in April to modify the draft RTS issued in September 2015. This article will detail the updates on..

14 Apr
2016

PRA issues first consultation paper for MiFID II

On 24 March, as part of the UK’s effort to set rules to transpose the Markets in Financial Instruments Directive (MiFID II), the Prudential Regulation Authority (PRA) set out its proposals in its first consultation paper. The application deadline for MiFID II/R has been delayed by one-year to 3 January 2018, with just the European..

07 Apr
2016

Commission publishes first set of final Delegated Acts for MiFID II

  • 7th April 2016
  • Aisha Dudhia

Earlier today, the European Commission published part of the long awaited Delegated Acts for MiFID II.  This was an unexpected move by as not many were expecting to see them in separate parts. This first set of Delegated Acts for MiFID II has been based on advice from ESMA and covers three topics; safeguarding of..

15 Mar
2016

10 key issues from the MiFID II guidelines for transaction reporting

The new regime for transaction reporting, being introduced under MiFID II, represents a significant overhaul and expansion of what is currently required by MiFID I.  On 9 March, as part of their two-year programme on MiFID II, City & Financial Global held a highly topical event on transaction reporting under MiFID II. The last City..