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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.
At a speech to the Bank of Canada this week, Mark Carney - the Bank of England Governor elect - suggested that central banks should abandon inflation targeting to boost flagging economies. He was talk...
Having attended the FATCA Forum event in London two weeks ago, one word kept cropping up time and time again in relation to FATCA – not from vendors (surprisingly enough) but from compliance and tax e...
We are currently experiencing an unprecedented series of new regulations, each of which will require the collection of new client/entity data and support documentation to achieve full compliance. The ...
FATCA is on everyone’s minds right now, with many financial institutions trying to figure out cost-effective and efficient ways to comply with this new IRS-driven regulation. However, it is important ...
Interest only mortgages – the root of mortgage evil or a valid option for homebuyers? In recent months lenders have reacted pre-emptively to the proposed MMR interest only rules and restrictions by ei...
Regulatory Updates Rima Consulting. The Board of Governors of the Federal Reserve System voted to publish final rules (June 7th, 2012) on market risk capital. For Banks with a high proportion of tradi...
In my MMR article in the March edition of Mortgage Finance Gazette, I mentioned how, as lenders continued to digest the 700 odd pages of the CP11/31, three key topics appeared to be the hotspots:- a...
The insider trading trial of Rajat Gupta, a former Goldman Sachs board member, gets under way in New York this week. Phone recordings are set to play a key part in this case, as they did in the earlie...
Harmonisation – outside of music, a term many of us have only encountered in respect to the European Union. In many areas of life in the EU, harmonisation to improve and provide consistent conditions ...
Two completely different news items from across the pond caught my attention last week. The failure of RBS to conduct appropriate due diligence on the ABN Amro takeover was in the spotlight again. ...