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Buy-side unprepared for EMIR?
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01 Jul
2013

Buy-side unprepared for EMIR?

At a recent conference, the International Derivatives Expo in London, David Bailey of the FCA said that his organisation ‘will not look kindly on firms which are not prepared [for EMIR].’ ‘The FCA has been doing numerous road-shows and is speaking to a number of trade associations about buy-side regulatory obligations. We have been answering Read More

15 May
2013

Mind your conduct! Stricter product governance surveillance/early intervention key features of new FCA paper

  • 15th May 2013
  • RegTechFS

The FCA approach to conduct risk may require significant adjustments to governance in both the front and back office, with initiatives on product development, sales and marketing, and management information (MI) collection and use. Given the similarities with a recent release on conduct in interest-only mortgages, this suggests an emerging trend towards more on-going surveillance Read More

04 Mar
2013

Benchmark reform: a national race to restore global trust?

  • 4th March 2013
  • RegTechFS

Libor, Euribor, Tibor, Noribor…  Fines of $1.5 billion, £390 million and more expected across the globe …Fallout from benchmark manipulation is not new news, but the way in which we are driving towards new benchmarking regimes is.  Why? Benchmarks are at the very core of the financial markets and even slight regulatory variances can result Read More

21 Feb
2013

The PRA‘s ‘new frontiers’ in insurance regulation: a preview of banking regulation in 2013+

Andrew Bailey, the freshly anointed head of the new Prudential Regulation Authority (PRA), gave the strongest indication yet of the approach that would be taken to regulating and supervising systemic insurers alongside banks and major investment firms. Reading not very far between the lines, Bailey also seemed to be outlining the approach the PRA would Read More

07 Dec
2012

2013: A very new year

  • 7th December 2012
  • RegTechFS

Five years after the crisis started, real change is finally in store. Who is on the naughty and nice lists? In 2012, the industry saw a flurry of financial sector reforms. With over 140,000 pages of regulation produced over the past twenty four months, an ambitious but often discordant global regulatory framework has developed, leaving Read More