Regulation

Articles

04 Sep 2019 — Malavika Solanki

If your firm is in the OTC interest rate derivative creation process, an important deadline is looming just after the ‘back to school’ period this September.

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7 MINS
19 Views
16 Aug 2019 — Bill Hodgson

We thought you should be aware of a video produced by DRS which describes updates to the ISDA and custodian documentation for UMR. These updates form the 'next generation' of documentation intended to make re-papering for UMR easier for firms going forward. The video is 36 minutes long and includes nice diagrams.

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1 MIN
26 Views
09 Aug 2019 — Rajesh Sadhwani

The replacement of the Interbank Offered Rates (IBORs) will have a major impact on financial services firms around the world, and regulatory agencies are pressuring institutions to begin their transitions to alternate or reformed benchmark rates ahead of a proposed 2021 deadline.

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10 MINS
40 Views
Revised UMR timeline
23 Jul 2019 — Bill Hodgson

https://drs-als.com/im-phase-5-to-bifurcate/A new phase 6 is introduced to spread the work for smaller firms to achieve compliance. 

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2 MINS
11 Views
SEC Margin Rules
21 Jun 2019 — Bill Hodgson

The Securities and Exchange Commission took another significant step toward establishing the regulatory regime for security-based swap dealers today by adopting a package of rules and rule amendments under Title VII of the Dodd-Frank Act.  These and other rules previously adopted by the Commission are designed to enhance the risk mitigation practices of firms that stand at the center of our security-based swap market, thereby protecting their counterparties and reducing risk to the market as a whole. 

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5 MINS
5 Views
20 Jun 2019 — Rob Hill

Latest industry recognition ensures Clareti platform customers continue to benefit from the most stringent security accreditations.

London, 20 June 2019 - Gresham, the leading provider of real-time financial transaction control and enterprise data integrity solutions, announces that its Clareti Platform and associated software development processes have passed the world’s highest safety standards for handling cardholder data. 

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2 MINS
2 Views
31 Oct 2018 — Bill Hodgson

A detailed research report into the gathering of OTC and ETD data reveals issues with the work being done by central banks to clean the data, and missing or confused attributes.

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5 Views
18 Oct 2018 — Bill Hodgson

This chart shows without question what a disaster it would be if a legal or regulatory barrier is erected down the English Channel (French: la Manche, "The Sleeve"; German: Ärmelkanal, "Sleeve Channel"; Breton: Mor Breizh, "Sea of Brittany"; Cornish: Mor Bretannek, "British Sea"; Dutch: Het Kanaal, "The Channel").  Whilst Paris and Frankfurt have some significance to volumes in the derivatives markets and have exchanges and CCPs which could process the same products as in the UK, the idea that the majority of trading could jump the channel on March 30th next year is near impossible.

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07 Aug 2018 — Bill Hodgson

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

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06 Aug 2018 — Bill Hodgson

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.

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06 Aug 2018 — Bill Hodgson

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.

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1 View
18 Jun 2018 — Bill Hodgson

The European Parliament votes to move forward with changes to EMIR

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3 Views