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Financial Services Regulation

This network is for financial professionals interested in staying up to date on financial services regulation happening anywhere in the world. CFOs, bankers, fund managers, treasurers welcome.

Stuart Clark - Impendium Systems | 14/06/2013 | 164 views

Combat Offences: EU Parliament Special Committee Report

The European Parliament's special committee on organised crime, corruption and money laundering has voted to adopt an interim report which includes recommendations on actions and initiatives to be taken to combat these offences. The report calls for the financial sector to: determine which IT tools might be used to ensure the traceability of fi...

Stuart Clark - Impendium Systems | 13/06/2013 | 285 views

European Commission Roadmap and EU Banking Reform

The European Commission (EC) has published a roadmap for a legislative proposal for the structural reform of EU banks. The expert group on reforming the structure of the EU banking sector had stated that reforming the structure of banks was necessary to complement the existing EU reforms taking place as they do not address all the underlying probl...

Stuart Clark - Impendium Systems | 11/06/2013 | 383 views

EU and current European System of Financial Supervision

The EU has published a consultation document seeking feedback on the effectiveness and efficiency of the European Supervisory Authorities (ESAs) - the European Banking Authority, the European Securities and Markets Authority (which is responsible for implementation of EMIR) and the European Insurance and Occupational Pensions Authority - and the Eu...

Stuart Clark - Impendium Systems | 31/05/2013 | 569 views

SEC proposals for cross-border security based swap activity

The Securities and Exchange Commission (SEC) has proposed detailed criteria which set out which regulatory requirements will apply when a transaction occurs partially within and partially outside the U.S. The proposed rules also detail when security-based swap dealers, major security-based swap participants, and other entities — such as clea...

Stuart Clark - Impendium Systems | 30/05/2013 | 460 views

PRA Monitoring levels of capital - early warning indicators

The Prudential Regulation Authority (PRA) has published a letter sent on 23 May to all firms in the internal model approval process on the introduction of early warning indicators. The PRA proposes to use the period before the formal implementation of Solvency II to trial the use of early warning indicators in the individual capital adequacy stan...