Before the Volcker Rule was finalised on December 2013, a number of foreign banks operating in the U.S. held derisive attitudes toward American regulators. According to a number of bank regulators, European banks were particularly prone to dismissing the importance of U.S. bank rules since they were regulated by their home countries.
We are searching for a highly skilled compliance professional, with financial services experience. A professional with experience working with EMIR regulations and reporting to regulatory authorities. If this is you, read on - this could be the opportunity for you.
Eurelectric have recently written this letter to the European Commission, which makes recommendations on how certain aspects of MiFID II’s Regulatory Technical Standards (RTS) could be changed to lower the potential impact on the energy industry.
Achieving capital efficiencies in today’s financial markets is crucial as participants look for ways to do more with less. So far this has largely related to margin levels, whether through portfolio margin across OTC and exchange-traded products or net margining across multiple asset classes. However, regulations will harmonise margin levels so participants will be on the hunt for other ways to make the best use of capital.
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After the 2008 financial crisis, more emphasis was given to OTC Derivatives market in order to make it more transparent and fail proof. To achieve the same, new laws and regulations were introduced and implemented in various parts of the world.
Cross-border fragmentation is one of biggest concerns for ISDA and its members.
Clearing Houses are a huge concern among the largest banks in Europe and America having been deemed "too big to fail" by The Financial Times since the Clearing Houses became risk managers for global markets in the post 2007-crisis era. Leading up to Risk EMEA 2015, CFP spoke to Ricky Maloney, Buy Side Sales and Relations Manager, Eurex and Nick Chaudhry, Head of OTC Clearing, Commerzbank about the evolving concerns.
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The debacle of financial system in the United States in 2008 has been attributed to the subprime lending in mortgage sector, securitization of these subprime mortgage loans and taking aggressive positions in the resulting mortgage backed securitie
Here comes a press release from ESMA announcing the launch of centralised data projects for MiFIR and EMIR.
With adjustments to Basel III nearing completion, it's not clear whether client clearing ROE can be rendered sustainable by clearing fee increases alone. Here I look at a way to reduce capital burdens of bank clearing members by eliminating client-driven exposures whilst keeping banks providing client clearing - the Pure Agency client clearing model.
ACER recently issued their first “REMIT Quarterly” (here) which is a newsletter giving updates about progress and issues around the REMIT Initiative.
To help institutions comply with guidelines surrounding operational risk, Shigatsu Baka Financial Technologies (SBFT) has developed a new technology system to help firms cope with "Fat Finger" trading errors, a common problem on trading desks.
The European Securities and Markets Authority (ESMA) has published today an update of its list of central clearinghouses (CCPs) which are authorised under the European Markets Infrastructu
There is currently something of a big data revolution taking place as processing speeds increase and hardware costs decrease. Many banks already perform pre-trade data runs, generating millions of scenarios when performing Monte Carlo simulations to calculate CVA.