Go to top
UPIs, UTIs and LEIs: Key issues and methods
Archive
29 Nov
2013

UPIs, UTIs and LEIs: Key issues and methods

  • 29th November 2013
  • RegTechFS

Following the success of Tony Russell’s UTI article, it seems apparent that implementing new identifiers will be a major area of difficulty prior to the start of OTC/ETD trade reporting in Februrary 2014.  The presentation below sets out the details of the proposals for the UPI and UTI, identifies some of the major issues and Read More

15 Nov
2013

Please bank responsibly: Three areas where the buy-side are being forced to take more responsibility in 2014

  • 15th November 2013
  • RegTechFS

2013 has been a real wake-up call for the buy-side.  New requirements from regulations like EMIR, AIFMD and Dodd-Frank have meant that funds, asset managers and even corporates are suddenly in regulators’ sights, some for the first time.  In the past, the reaction to such changes has frequently been to delegate new compliance responsibilities to Read More

13 Nov
2013

The impact of MiFID II on your OTC derivatives trading business

  • 13th November 2013
  • RegTechFS

Despite the fact that we are waiting for the December plenary session, and that the details of MiFID II are not yet finalised, we can already observe some key changes in the legislation.  The presentation below was accurate as of 12 November 2013, but is not intended to be updated or relied upon. This presentation Read More

11 Nov
2013

What LEIs beneath: Will navigating the short term costs of the global identifier reap long term savings?

By Professor Alistair Milne, Loughborough University Anyone involved with the trade repository reporting for OTC derivatives will be aware of the LEI or “legal entity identifier”. Others may have heard about it, but as yet it is unlikely to be impinging on day-to-day responsibilities.  Still it is worth paying some attention to the LEI, because Read More

08 Nov
2013

The race to EMIR reporting: ESMA approves trade repositories for all asset classes

On 7 November, as planned, the European Securities and Markets Authority (ESMA) approved the registrations of the first four trade repositories (TRs) under the European Market Infrastructure Regulation (EMIR).  This means that trade reporting for OTC and exchange-traded derivatives is now due to start in February 2014. The registration of these TRs means that they Read More

04 Nov
2013

The regulatory almanac: The top ten regulatory events of 2013

  • 4th November 2013
  • RegTechFS

With no fewer than 70,000 pages of regulation, and some record fines, 2013 will be a year to remember (or possibly to forget) for many financial services professional.  And with only four weeks to go until December, and some well-earned rest, we thought it was time for a little retrospection.  With that in mind, here, Read More

08 Oct
2013

One step forward or two steps back? FSB reports on implementation of global OTC reform

On 2 September 2013, the Financial Stability Board (FSB) published the sixth of its semi-annual comprehensive progress reports on over-the-counter (OTC) derivatives reform, as per the agenda of the 2009 G20 summit in Pittsburgh.  Although some of the reform proposals have stalled, particularly in light of the compromised agreement between the US and the EU Read More