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27 days left: We need EMIRacle to save our bacon!
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07 Aug
2013

27 days left: We need EMIRacle to save our bacon!

  • 7th August 2013
  • RegTechFS

We are close to shutting down EU OTC trading.  A mere five work weeks from the EMIR deadline, by which banks must have classified their counterparties in order to reconcile portfolios with them, we have almost reached an impasse. Will the industry mobilise and help your local pig farmer to stay in business by enabling Read More

22 Jul
2013

Happy AIFMD-Day: The race to compliance begins

  • 22nd July 2013
  • RegTechFS

Today, 22 July, marks the day that the Alternative Investment Fund Managers Directive (AIFMD), must be transposed into national law.  With the rules now technically in force, UK-based firms have a year to become compliant and apply for authorisation with the FCA. However, this apparently generous deadline disguises the fact that many managers may need Read More

09 Jul
2013

Risk data: Can it be both efficient and compliant?

Risk regulation is a cluster bomb – multiple devices with multiple impacts – but applying uniform risk data principles can save costs in 2013-16 With six months before the 4th Capital Requirements Directive comes into force, many will be asking what technological improvements will be necessary to efficiently manage risk going forward. Before they embark Read More

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

24 Jun
2013

A pro-fund change? Good news for AIFs

  • 24th June 2013
  • RegTechFS

Over recent years, firms could be forgiven for thinking that regulators’ ears had hardened to their complaints. But recent developments may prove them wrong. The Alternative Investment Fund Managers Directive threatens to have a significant operational impact on the industry. Fund managers will soon be subject to a host of new requirements including increased KYC 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