269 Results from 2013, /regulation
Colin Weir CEO at Moroku
We are certainly faced with some of the greatest problems of our time; the disparity between wealth and poverty, the scarcity of resources, the economic system and the security of our food supply. These challenges exist at an individual, family as well at a global and society level. What strikes me during a recent podcast from Gregg Braden is how ...
31 December 2013 /regulation
Retired Member
Now that the financial regulatory agencies, including the Office of the Comptroller of the Currency and Federal Deposit Insurance Corp., have released the highly anticipated economic scenarios that will be used by banks to produce their company-run supervisory stress tests for 2014, the race is on to become compliant—and beyond. While the over-arc...
30 December 2013 /regulation
2013 has been a pivotal year in the mortgage market – final rules for MMR, new regulatory bodies with the PRA and FCA, house sales and mortgage sales starting to rise, a new Governor of the Bank of England, controversial government initiatives and as the year ends, the EU Directive vote is passed and brings more work for lenders and regulators in ...
20 December 2013 /regulation Financial Services Regulation
Anne Plested Regulation at ION Markets
It seems there’s to be no early MiFID II Christmas present as agreement on the Level 1 text slips into 2014. Publication of the final text is now hotly anticipated to be in January or February next year at the latest, to avoid running into the European parliamentary elections in May. Thereafter, as ESMA gets to grips with the tasks ahead, 2014 wi...
20 December 2013 /regulation
Top 5 Reasons Why Companies are Using Brazil version 3.1 to Transition off of on-premise solutions in to Managed Service Solutions In the second part of this series on using the Brazil Nota Fiscal version 3.1 changes to evaluate the strengths of cloud and managed services over on-premise solutions. I wanted to discuss the concept of failure points ...
18 December 2013 /regulation Electronic invoicing
On December 10, 2013, five U.S. financial regulators approved a game-changing series of new rules that prohibit a broad array of financial risk activities that contributed to the near collapse of the world's financial system in 2008. Known as the Volcker rule and codified as part of the Dodd-Frank Act, the rule’s provisions are applicable to all U....
17 December 2013 /regulation
The US District Court’s ruling to accept a one-off settlement from Visa and MasterCard to merchants over credit card interchange fee overcharges in the United States means that no interchange cap has been proposed. Therefore, CMSpi are concerned that this decision could enable further credit card interchange rate increases to compensate for reduc...
16 December 2013 /regulation
The Volcker rule, codified as part of the Dodd-Frank Act, pertains to all depository institutions and those affiliated with or regulated as banks (“banking entities”). The rule, now finalized by all five applicable federal agencies, prohibits banking entities from engaging in proprietary or own-account trading of certain securities, derivatives an...
The recent Financial Conduct Authority (FCA) European Market Infrastructure Regulation (EMIR) Trade Reporting Seminar featured a surprise announcement surrounding EMIR trade reporting requirements. Contrary to popular belief, the FCA declared that it expects firms to immediately report trades opened since 16 August 2013 (the EMIR start date) that ...
13 December 2013 /regulation
Matt Dolton CEO at Kynetix
Even after all these years many organisations have not yet managed to get their back-office processes as slick as the front office, especially when it comes to managing exceptions in post-trade processing of derivatives. With regulatory bodies around the globe placing ever increasing emphasis on operational risk for derivatives (both ETD and OTC), ...
12 December 2013 /regulation
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.