As summer begins to draw to a close we are fast approaching a particularly busy time for compliance professionals of financial services firms. The article from NRF provides an overview of some of the key financial services initiatives that are set to make in-trays even deeper when compliance staff return Read more…
The financial services industry is facing more rules – and harsher consequences than ever before if they fail to observe them – notably in complying with anti-money laundering (AML) regulations for know your customer (KYC). In Singapore late last month, the UK Prime Minister David Cameron warned there was “no Read more…
By Jason Sumner Ever since the financial crisis, global markets have being through a period of transformation, massive reform pressures and capital impacts. The markets are seeing a radical change and where once there was a clear view of the financial regulations and their impact across businesses and operations now Read more…
By Jason Sumner ESMA has published four reports focused on how the EMIR framework has been functioning and providing recommendations to the European Commission’s (EC) EMIR Review. Three of the reports are required under Article 85 of EMIR, and cover non-financial counterparties (NFCs), pro-cyclicality and the segregation and portability for Read more…
By Jason Sumner In a recent article Small asset managers may be forced out of the market by MiFID II, according to think tanks New City Initiative (NCI) and Open Europe. The NCI has said that EU regulations will introduce significant costs for UK asset managers and has called for the new Read more…
By John Higgins The false accounting issues now emerging from Toshiba are being attributed by some commentators to some very specific Toshiba factors: intense competition in some of the giant’s core markets, pressure to produce strong results from new products to mitigate the impact of the Fukushima nuclear incident, and Read more…
By Jason Sumner The Lord Chief Justice, Sir John Thomas, has announced that a financial court will be established which will deal with the UK and international markets and specialise in claims of more than £50 million. See full article here
By Jason Sumner The CBI survey reveals that banks cannot keep up with regulation costs. Director of economics at business organisation, Confederation of British Industry (CBI), Rain Newton-Smith, has commented on recent research that the organisation conducted and believes that the UK government should concentrate more on retaining their position as financial centre of Read more…
By Jason Sumner Setting up a boutique is by no means a walk in the park. Perhaps the greatest challenge a buy-side founder can face is how to set up shop in a fast yet bulletproof way. A raft of new wealth management businesses have launched over the past few Read more…
Global spending on collateral management technology should reach $331m by the end of this year according to a survey. In a survey this week the Aite Group said spending on collateral management technology is set to significantly increase over the next few years due to regulatory changes. See full article here Read more…