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 

Summary of Risk Mitigation Standards for Non-Centrally Cleared OTC Derivatives

Following a consultation process to a proposed report, late last month the International Organization of Securities Commissions (IOSCO) published its final report outlining standards to help reduce risk in the non-centrally cleared OTC derivatives markets. The report, titled “Risk Mitigation Standards for Non-Centrally Cleared OTC Derivatives,” ha...

18 February 2015 /regulation

Hugo Cuevas-Mohr CEO at Mohr World Consulting - IMTC Conferences

On De-Risking, The Somalian Remittance Crisis and the MSB Bank Discontinuance crisis

In English, a “moving target” is when you set your expectation for something – some task, some desirable outcome, a target, and then when it is met you ‘move the target’ and set another expectation. It means that the person or entity you have set the expectation for is never able to fulfill it, never reaching the target. And “De-Risking” is fast b...

13 February 2015 /payments /regulation

Abhishek Chatterjee Managing Partner at Gartner Inc.

Digital banking through effective data supply chain management

If we think carefully, Data supply chain starts from data creation and ends when value added services or product is created from raw data. This largely happens as it transfers hands & get enriched through interaction with customer, business, Operations, and IT. Ever maturing digital world is creating challenges for organizations due to high ve...

08 February 2015 /regulation

Retired Member 

The mortgage world 2014 in 140 characters or less

The mortgage world 2014 in 140 characters or less A Twitter snapshot of the mortgage market in 2014 from @henry_woodcock IRESS principal mortgage consultant. January January started looking back at 2013 and forward to the impact MMR changes and the continuing issues around housing, rents and the efficacy of government initiatives in 2014. Early war...

08 January 2015

Abhishek Chatterjee Managing Partner at Gartner Inc.

Mobile Payments - Revolution through Digitization

While Payment industry is seeing a major consolidation at the Banking middleware and Back Office (payment processing, clearing and settlements) processes, I see a great degree of disruption in the Payments origination & instrumentation processes led by mobile devices. This generates equal opportunity to the end-customers, banks, merchants, mer...

02 January 2015 /payments

Amit Agrawal NA at in transit

Risk Ratios

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 ...

22 November 2014 /regulation

Amit Agrawal NA at in transit

Local compliance in a global business

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

13 September 2014 /regulation /sibos

Amit Agrawal NA at in transit

Intraday Liquidity: Implement Challenges

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...

12 June 2014 /regulation /wholesale

Amit Agrawal NA at in transit

Non Compliance Cost

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...

10 May 2014 /regulation

Retired Member 

FSB to publish report on sharing derivative data

The Chairman of the Financial Stability Board (FSB), Dr Mark Carney, has written to the G20 Finance Ministers and Central Bank Governors providing an update on financial reforms. The letter summarises the progress so far in completing the programme of reform for the G20 Brisbane summit (which will take place in November), looks ahead to plans for...

08 May 2014