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MiFID II imposes simple categories on a complex trading landscape, such as on- and off-exchange, or multi-lateral vs. bi-lateral. Obviously having some rules helps unravel complexity, but too many kil...
Risk management has been transformed beyond recognition in the past few years. The regulatory wave unleashed by the 2008 financial crisis has created a need for a new layer of operations for implement...
On the way in this morning, I was listening to my favourite AC/DC album and thinking about the challenges of block trading. The problem is well known - a combination of multi-market trading, algos and...
The Prudential Regulatory Authority (PRA) has published a consultation paper on further measures for the implementation of Solvency II. With only a few months left before the official application of t...
US securities industry regulator FINRA recently implemented new time-stamping rules, a topic also on ESMA’s MiFID II task list. FINRA requires US firms to express time in milliseconds when reporting ...
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 me...
Twenty-five years ago, the fall of the Berlin Wall saw the creation of the European Bank for Reconstruction and Development. Its mission was to find capital to help re-build national infrastructures m...
Looking back at this time last year, there was still a pre-conceived idea that once Pillar 1 and the ORSA were under control, Pillar III of Solvency II would necessarily be plain-sailing. After all, i...
First proposed way back in 2011, work has been ongoing to narrow down the details of a common financial transaction tax (FTT) to be introduced across Europe. Back in May this year, all but one of the ...
We may be on the brink of a new era in compliance – or at least in enforcement. This week the Bank of England Governor Mark Carney earned headlines around the world when he suggested that individuals...
Look back to Lehman’s and regulators uncovered 2,985 legal entities operating across 50 countries. No one understood their counterparty relationships with the rest of Wall Street or across the globe. ...
This question is fundamental in so many areas of life and business. When faced with the decision to change direction in favor of something new or continue with what has provided support for years, we ...