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Location
Singapore
Member since
2010
Writes about
Security Payments Regulation & Compliance Sibos Retail banking Wholesale banking

Amit's blog archive

2014 (6) 2013 (6)
Amit Agrawal

Amit Agrawal

NA at in transit
Message Message me Posts: 12 Comments: 3
Bio Managing engagements to automate entire business process to automate risk calculations like liquidity, Basel and compliance reports for multiple jurisdictions like Korea, India etc Career History PMP certified, CSM Cerified, Engagement cum Program Manager over 14 years of providing solutions in financial services domain

Blogs

Financial Services Regulation

Risk Ratios

22 Nov 2014

I thought let us talk about some of the rules and its impact on different regions Basel liquidity rule Covers : Banks worldwide What it does : Requires banks to hold enough cash or assets which can meet all debt coming due within 30 days. Impact : It ensures banks won’t run out of money even during any credit crisis. Thus forcing them to hold more ...

Financial Services Regulation

Local compliance in a global business

13 Sep 2014

Financial Institutions (FI) follow different solutions to fulfil compliance requirements. We can divide this into following different models: 1. Option 1 : in-house, in-country This option is will help FI to keep all the compliance functions in-house. Advantages: • It works great when FI has significant presence in the country • Helps to build go

Financial Services Regulation

Intraday Liquidity: Implement Challenges

12 Jun 2014

The management of intraday liquidity – defined by the Committee on Payment and Settlement Systems (CPSS) as “funds that can be assessed during the business day, usually to enable financial institutions to make payments in real time” – is now in the spotlight. Sources of this type of liquidity include central bank reserve balances, liquid assets on...

Financial Services Regulation

Non Compliance Cost

10 May 2014

The current economic crisis has led to much debate in relation to the relative merits of compliance and noncompliance cost of the regulations. The widespread pain caused by the crisis has galvanized regulators around the world to impose far-reaching rules that address and add to the considerably large body of rules already in place. Thus we always...

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Amit is Commenting on

FATCA AND CRS: COMPLEX, EXTENSIVE AND ENFORCEABLE

  Thanks Thom for sharing insights on CRS/FATCA. Global CRS scope is indeed much wider. Also, as you rightly said it involves the systematic and periodic transmission of bulk taxpayer information from the source jurisdiction to the taxpayer’s country of residence. Thus, skipping tax information will be difficult. Additionally, it will also multiply the monitoring and reporting obligations of Financial Institutions (FI’s)

02 Aug 2016 Reply Read article

FS risk officers consider IT systems significant problem - survey

  I will not be surprised if we will be having more and more new regulations will be imposed on the financial institutions. Thus focus should be on 1 system which can take care of majority of it instead of have 1 product per regulation. For example instead of buying 1 product for FATCA, 1 for regulatory, another one for BASEL instead we should 1 product which can take care of all of them. 

30 Jul 2013 Reply Read article

RBS and NatWest failures why do they keep happening

  I think regulator in the country should ask the bank to pay high fines if customers/common man is not able to access bank's ATM after some pre-defined time span

14 Mar 2013 Reply Read article