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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 | 15/05/2013 | 789 views

PRA approach to Solvency II

The PRA has published the slides used at its industry briefings on the European Insurance and Occupational Pensions Authority (EIOPA) guidelines on preparing for Solvency II. The PRA’s expectation is to hold meetings with internal and external stakeholders during the EIOPA consultation and workshops will be convened to gain technical input i...

Stuart Clark - Impendium Systems | 13/05/2013 | 392 views

FSB Data Gaps Initiatives and OTC Derivative Reforms Monitor

The Financial Stability Board (FSB) has announced that it has developed a common data template for systemically important global financial institutions (G-SIBs) to improve data to support financial stability. The FSB has harmonised the collection and pooling of improved consolidated data on bilateral counterparty credit exposures of G-SIBs as well...

Stuart Clark - Impendium Systems | 10/05/2013 | 551 views

Cross-border Concerns Raised to G20 April Meeting

The UK Chancellor together with the Brazilian, French, Japanese, South African, German, Russian and Swiss Ministers and the European Commission Commissioner for Internal Market and Services have written to the US Treasury Secretary expressing concern at the lack of progress in developing workable cross-border rules as part of the reforms of the OT...

Stuart Clark - Impendium Systems | 09/05/2013 | 1408 views | 1 comment

Implementation of OTC Derivatives Market Reforms: FSB Report

The Financial Stability Board (FSB) has published its fifth progress report on the global implementation of OTC derivative markets reforms. The reports charts the regulatory reform progress across all 19 FSB member jurisdictions. In respect of trade reporting it outlines that reporting for at least some asset classes will have come into force for...

Stuart Clark - Impendium Systems | 08/05/2013 | 854 views | 1 comment

Concerns escalated to G 20 on EU Financial Transaction Tax

The Global Financial Markets Association together with various associations from Australia, Canada, Japan and Korea have escalated their concerns on the European Financial Transaction Tax (FTT) to the G20 Finance Ministers meeting. They explain in an letter that the FTT will have unprecedented extraterritorial impacts and will apply to transaction...