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.

Retired Member 

CFTC Enforcement Actions: Haunted Past or A Hopeful Future?

The aftershocks of financial benchmark crisis that shook the financial world not-so-long-ago are felt even today with the regulators around the world still picking up the remnants of investor confidence and nursing it back to vitality. The recent (May-2016) wave of Commodity Future Trading Commission’s (CFTC) regulatory orders surrounding alleged ...

04 July 2016 /regulation

Retired Member 

US Fed’s Alternative Reference Rate - Unearthing the LIBOR Replacement

Lately, If you are anyway related to the financial industry, chances are you would have heard about the buzz word of Financial Regulatory Reforms. A clear consequence of scandalous activity that dominated headlines for the better part of this decade - with the hashtag of #LIBOR. A lot has been done and a lot more has been put in motion by regulator...

29 June 2016 /regulation

Retired Member 

Quote Stuffing Disrupting Markets

Is the price you are seeing on your investment screen the current price? How do you really know? What if you are an algorithmic trader? Is that price and size really there? Quote stuffing is a messaging pattern designed to disrupt normal market operations by introducing latency and increasing bids and asks into an exchange. This method of market ma...

27 June 2016 /regulation

Retired Member 

European Benchmark Regulation - Sufficient to Prevent a LIBOR Like Crisis Repeat?

The ink has not yet dried on the drafts of European Benchmark Regulation (The Regulation) and while the markets and the industry are trying to gauge the effect of this all encompassing regulation, one thing seems increasingly evident - the benchmark regulatory practices across the globe converging towards the same destination - of Restoring Investo...

23 June 2016 /regulation

Retired Member 

Regulatory Access to Trading Algorithms is Overkill

The former CFTC commissioner Bart Chilton went on record with CNBC saying that the Source Code requirements in Regulation Algorithmic Trading (REG-AT) is extreme overkill and a very slippery slope. Many in the listed derivatives trading industry strongly believe that ideas and methods that are expressed in our Source Code is critically important an...

22 June 2016 /security /regulation

Retired Member 

LIBOR, EURIBOR and TIBOR - Taking Stock Half-A-Decade Later

It is not surprising that the ripples created by financial benchmark manipulations from a half-decade ago are felt even today in the form of convictions, appeals, fines and more importantly tighter regulations and oversight. The steps taken by regulatory bodies across geographies to restore the investor confidence is palpable with the emergence of...

16 June 2016 /regulation

Retired Member 

Bank of England’s Risk-Free Reference Rates - In the Quest of LIBOR Replacement

Recap For the better half of this decade, one could not help but hear and acknowledge the growing phenomenon of Financial Benchmark Reforms - an aftermath of manipulation and false reporting of global interest rate benchmarks. From the Wheatley Review in 2008 to the latest European Benchmark Regulation, regulators, administrators and market partici...

09 June 2016 /regulation

Stuart Lacey Founder at Trunomi

Two years to comply: how to meet incoming EU Data Protection Regulation

There are now less than two years until the General Data Protection Regulation (GDPR) comes into force. It will fundamentally change the way that companies capture, manage and store information. Three significant reforms within the legislation will force institutions to overhaul their existing systems and processes: Informed consent Data portab...

07 June 2016 /regulation

Retired Member 

Targeting Market Abuse in Electronic Communications

Supervision of electronic communications is a key component of demonstrating compliance, alongside highlighting market abuse, bad decisions or just a general lack of understanding. But it’s also become a bug bear for many firms who are drowning in reviews, potentially missing the one rogue trade that could have wide-reaching consequences. There ar...

06 June 2016 /regulation

Retired Member 

What’s So Special about Regulatory Compliance Projects ?

Regulations are an ever growing feature of modern day banking arena. The phenomenon of regulatory compliance, though is not new, has renewed implications for these financial institutions by fundamentally altering the way business is conducted. Yet, the new wave regulatory reforms are far from completion. It is evident that one of the critical succ...

06 June 2016 /regulation