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David Woolcock


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Trick or treat? What ghouls & demons can we expect to be knocking on our doors? MiFID III (yes three!) possibly a big demon?

[fa icon="calendar'] 31-Oct-2017 10:12:46 / by David Woolcock posted in Banking, Blog, MiFID, Regulation, Compliance, MiFID II, ACI, Halloween

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Halloween got me thinking as to what demons the European markets might expect on a spooky night like tonight. What could come knocking at our doors and will they be trick or a treat? 

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It is Autumn and the leaves begin to fall…

[fa icon="calendar'] 11-Oct-2017 14:36:41 / by David Woolcock posted in Banking, Blog, Regulation, Compliance

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A hash of regulation for breakfast

[fa icon="calendar'] 06-Oct-2017 13:31:33 / by David Woolcock posted in Banking, Blog, Regulation, Compliance, MiFID II

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It is not just the big fish that are caught – A brief look at manipulation, best execution and principles, principles, principles…………………………….

[fa icon="calendar'] 21-Aug-2017 07:44:00 / by David Woolcock posted in Banking, Regulation, Compliance

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You would be mistaken if you thought enforcement notices were just the preserve of big banks and individuals. Many smaller regulated banks fall foul of the FCA’s and other authorities’ scrutiny. For FCA regulated firms this is mainly around two important principles of business (Principle 3 & Principle 11). Principle 11 deals with relations with the regulator but the most important one is number three (and in terms of fines a costly one!).

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Nothing like a bombshell just in time for the Summer holidays…….

[fa icon="calendar'] 07-Aug-2017 17:08:56 / by David Woolcock posted in Banking, Blog, Regulation, Compliance

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A timely review of the Treasury Management System against the required standard may yield some unexpected gaps!

[fa icon="calendar'] 11-Jul-2017 17:24:52 / by David Woolcock posted in Banking, Blog, Regulation, Global Code, Compliance

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Do you have systems in place to enable adherence to the Global Code for FX?

The Global Code of Conduct for FX (the Code) was released on the 25th of May 2017, to a good reception from diverse market participants and brought the curtain down on two years of work.

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ACI Dublin – Voice trading under MiFID II and No Free Pass for Spot FX

[fa icon="calendar'] 19-May-2017 16:49:03 / by David Woolcock posted in Banking, Blog, Regulation, Compliance, MiFID II, Best Execution

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 One of the takeaways I had from numerous conversations at the ACI Congress in Dublin, where Eurobase participated, was the question “how do we continue to offer voice trading, which is what customers want, and be compliant with MiFID II?”

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An alarming thought for attendees at the forthcoming International Banking Conference 2017 hosted by the Association of Foreign Banks.

[fa icon="calendar'] 04-May-2017 12:32:30 / by David Woolcock posted in Banking, events, MiFID II, AFB

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afb 2.pngIn the FT today comes the news that UK branches of foreign banks will have to adhere to whistleblowing rules that allow staff to voice concerns to City watchdogs without having to tell their employers. 

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Is FX MiFIR reporting getting any clearer?

[fa icon="calendar'] 27-Apr-2017 07:26:00 / by David Woolcock posted in Banking, MiFID, Regulation, Treasury Management, Compliance, MiFID II

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MiFID II and MiFIR in the foreign exchange world have generated much confusion. It feels like the regulations are shoehorning the FX market into regulations that are not ideal for the purpose.

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The Global Code of Conduct for FX phase 2 rises on the horizon

[fa icon="calendar'] 04-Apr-2017 16:50:57 / by David Woolcock posted in Banking, Global Code, Compliance

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I have the privilege to serve on the BIS FXWG Market Participants Group (MPG) that is crafting the Global Code of Conduct for FX.Interest in the Code is being expressed by market participates of all shapes and sizes alongside those being engaged in multiple roles across the Foreign Exchange industry.

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