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Beyond EMIR: The future of regulatory data exchange
Archive
10 Dec
2013

Beyond EMIR: The future of regulatory data exchange

  • 10th December 2013
  • RegTechFS

One of the things we’ve learnt the hard way in 2013 is that the sell-side need better ways of communicating with their clients.  Maintaining a web of communications between increasingly complex, multi-entity organisations and many thousands of clients is never going to be easy, but new regulatory data demands are making it even harder. EMIR Read More

31 Oct
2013

Still haunted by EMIR? Could a social media-based utility put to rest your risk mitigation ghouls?

  • 31st October 2013
  • RegTechFS

European banks are currently living in a grey area when it comes to EMIR enforcement.  By ESMA’s account, all institutions should by now have classified their counterparties to derivatives trades.  However, the first tentative steps towards new utilities have yet to take root – so what kind of solutions will the industry opt for? All Read More

12 Sep
2013

A narrow escape? OTC trading looks set to survive 15 September

  • 12th September 2013
  • RegTechFS

With 15 September this Sunday, the date is imminent by which banks must have portfolio reconciliation and dispute resolution agreements in place with their non-financial counterparties.  However, a recent Thomson Reuters article accurately sums up the situation: ‘Most sell-side firms are not even close to getting all their NFC clients on board with EMIR. With Read More

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

26 Apr
2013

Don’t go alone: The problems of a one-firm approach to EMIR counterparty classification

  • 26th April 2013
  • RegTechFS

With implementation deadlines for EMIR classification notifications and timely confirmations having passed in March – and with remaining deadlines for portfolio reconciliation, trade compression and reporting fast approaching – firms are still faced with unclear requirements and little certainty from regulators on what will be acceptable. Unfortunately for firms, regulators have recently been heard saying Read More

05 Apr
2013

Newsflash: Counterparty classification now centre stage

Classification has hit the global stage and been acknowledged by top journalists as an industry-wide issue. In a high profile article, Rachel Wolcott, writing for Accelus’ Compliance Complete, sets out the three key counterparty classification issues under EMIR: EMIR, which came into force on 15th March, requires firms to classify their non-financial counterparties into those Read More