European Union

Implementing the FRTB in the European Union


How The Brexit Stole Thanksgiving!

Baby steps, but no giant leap: PSD2 at six months old

GDPR: everything you need to know to become compliant

With the implementation date of GDPR just seven months away, firms will need to start getting to grips with the requirements soon to be ushered in under the EU’s flagship regulation for data protection.  As things stand, GDPR will kick in before the UK formally leaves the European Union, meaning that its implications will still

SFTR: challenges and changes down the road

Challenges are on the horizon for firms subject to the Securities Financing Transactions Regulation enforced through the European Commission.  The Securities Financing Transactions Regulation, or SFTR, was announced back in 2014 and entered into force on 12 January 2016.  It is geared to be fully implemented by 2019 with the last phase in occurring during

Brexit: smooth transition through collaborative planning

The UK’s departure from the European Union will be a seismic event for the financial sector, requiring extensive planning and transitioning from all corners of the industry.  To implement all of the necessary changes in time, many assumptions will need to be made.  In order to make this more efficient and lower the substantial costs

MAR and commodity derivatives: An inside scoop

Following on from last month’s Q&A on commodity derivatives within MiFID II/MiFIR, on 17 January ESMA published its guidelines for the disclosure of inside information on commodity derivatives and spot markets under the Market Abuse Regulation framework.  This publication is a response in accordance with Article 7(5) of MAR, that expresses ESMA to be the

Payment Services Directive and third party involvement

The Payment Services Directive (PSD) was adopted in 2007 as a means for providing a legal foundation for establishing safer and easier electronic payment services throughout the European Union.  The goal was to make cross-border payments quick, efficient and secure.  In July 2013, the Commission decided to review PSD and modernise it to adapt to

RegBeacon Published

We are pleased to publish the latest copy of our newsletter, RegBeacon. In this edition we look back on a quarter that saw us host a successful conference on RegTech and we consider where this leaves the industry and what the next steps need to be. This quarter, despite the most serious political event the

Brexit and the central banker’s dilemma

With a vote for Brexit, the UK has done an act of self-harm. Two big economies – the UK and the rest of the EU – that were linked and supported by a single market are suddenly weaker. The uncertainty is being being absorbed by equity, currency and credit markets.

Compared with before the financial crisis, central banks are far more proactive at dealing with market volatility than in the past. The Bank of England, Federal Reserve and European Central Bank all have large quantitative easing programmes in place, although the ECB is the only one currently buying.