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Regulation

BCBS 239 – The “Data-Fitness” Hurdle

In May-June 2018, the European Central Bank (ECB) and the Basel Committee on Banking Supervision (BCBS) published reports on the progress of the largest, internationally active banks towards compliance with the BCBS Principles for Effective Risk Data Aggregation and Reporting – known as BCBS 239.

FCA Survey Reveals 10 Times Increase in Firms Affected by IM

The reduction of the IM threshold from €750bn to €8bn will result in a jump of ten times the number of firms in scope.

FX Global Code: do you know what you’re signing up to?

Although the FX Global Code isn’t mandatory, many firms have already signed up. Increasingly it’s looking like becoming the industry norm. In the UK, the FCA has highlighted the code as a way to show compliance with proper standards of market conduct, so potentially an easy boost to a firm’s reputation. But the obligations it brings can be harder than you think. And control failings for those who’ve signed up could have the opposite effect on their industry standing.

EMIR 2 Progress at the European Parliament

The European Parliament votes to move forward with changes to EMIR

Navigating the Scylla & Charybdis of Open Banking & Data Protection

2018 sees the introduction of two major pieces of regulation that lay important foundations for a better and brighter data-centric digital economy.
 

ISDA Brexit FAQs

These FAQs address the possible UK position post-Brexit, i.e. after the conclusion of the exit process under Article 50 of the Lisbon Treaty.

SFTR Webinar Video: Reporting comes out of the shadows

SFTR will creep up on firms by 2019, join us to get ahead of the game and hear perspectives from every angle. We have Paul Bradford, Head of Stock Loan and Repo trading at ING who will provide views on the effect of SFTR on the trading desk. Fabian Klar from REGIS-TR will explain their plans, and compare SFTR to other reporting regulations. Simon Davies will paint a picture of what an SFTR compliance plan should look like, and how long you need to be ready. Mark Steadman will update us on the Deriv/SERV plans and how SFTR will impact other streams of reporting. Alan McIntyre will contrast implementing SFTR with previous projects, and explain where re-use of previous infrastructure can be made. Other areas for discussion include changes to business processes, reconciliation requirements, data volumes, data formats, delegated reporting, the quality of the actual regulatory text, and your counterparties involvement.

SFTR Shorts, Part 3

SFTR Shorts, Part 1

The Field Effect attended Broadridge’s ‘Take Control of Your SFTR Compliance’ seminar last week

The Field Effect attended Broadridge’s ‘Take Control of Your SFTR Compliance’ seminar last week where it was great hear how firms are preparing for their SFTR readiness, along with making new acquaintances. It was interesting to hear the views of the operational impact of SFTR and how the market can learn from implementation challenges relating to the recent MIFID 2 regulation.

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