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Lithuanian Presidency aims to agree new rules on MiFID and MiFIR by end December 2013 The Lithuanian Presidency of the Council of the European Union has published its work programme on economic and fi...
The regulation imposed on the derivatives space in the aftermath of the financial crisis is designed to create more transparency and reduce systemic risk - particularly within OTC markets. The vast a...
EBA consults on the reporting of the hypothetical capital of a CCP under EMIR and the CRR The European Banking Authority (EBA) has launched a consultation on Implementing Technical Standards (ITS) for...
As well as enjoying the calm remains of the sunshine before the storm of the MiFID II regulatory debate returns in September, it’s time to sharpen up those pencils ready for a new term. Over the next ...
The FCA has updated Finalised Guidance (FG13/3) on its Code of Practice for the relationship between external auditor and the supervisor. The Final Guidance sets out five principles that seek to re
Since the FCA’s introduction of Client Assets (CASS) rules in 2010, the industry has seen significant fines against firms and individuals. Now fresh funding has been agreed for the CASS team at the FC...
As innovative payment technologies hit the market, like the PayPal 'check in' service that launched in London this month, it seems that coins and notes are becoming less important. As countries like S...
The Chartered Institute of Internal Auditors (CIIA) published guidance on effective internal audit in the financial services sector. The guidance has been produced by an independent committee estab
My friend Nandini Sukamar at Bloomberg broke a story yesterday that Eurex is to compete with CME Europe by offering competitive FX contracts. So it looks like we are going to see a few more spats as ...
In my previous entry on August 13, I discussed what we can imagine to be a solid foundation to the Risk and Finance initiatives. Obviously, it is not just about the data model and that is the first p...
Andrew Bailey the Deputy Governor, Prudential Regulation and Chief Executive Officer of the Prudential Regulatory Authority (PRA) in a speech to insurers set out the challenges of the changing regul
The benefits of having a simple structure, easily navigable for both processors and humans in a bank’s architecture are a boon not only to each individual bank, but the bodies that oversee them as wel...