Blog

MiFID II exposes the need for a regulatory reporting solution

[fa icon="calendar'] 03-Mar-2017 16:54:43 / by David Woolcock posted in Banking, Blog, MiFID, Regulation, Compliance, MiFID II

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“MiFID II and MiFIR will change the way banks around the world do business —particularly with respect to the scope of data, communications formats and records that must be maintained.” -Bloomberg

 

Responding efficiently to the dramatic changes that MiFID II will bring in January 2018 is key to ensuring your organisation continues to succeed and remains profitable. As a bank or branch/subsidiary regulated by a European regulatory authority and operating in the EU, your bank is subject to MiFID II in general terms. MiFID II covers nearly all instruments (e.g. including Forward FX) except for most Spot FX. The confusion regarding the definition and whether spot FX is in or out has been clarified to some extent and relies mainly on the T+2 (smaller currencies up to T+5) and “physically settled” definitions.

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Blockchain – Hype? Overrated? Or pure genius?

[fa icon="calendar'] 21-Dec-2016 09:06:14 / by Joe Locke posted in Insurance, Banking, London Market, Blog, Blockchain

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I had the pleasure of listening to a couple of gentlemen on one of my train journeys home this week. They were discussing Blockchain - with one of the individuals portraying himself as a Blockchain expert. However, I soon realised this was another example of someone picking up on the hype around this topic without actually understanding how it works or can be adopted.

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Achieving the required transparency for regulatory reform in banking

[fa icon="calendar'] 20-Dec-2016 09:24:50 / by Alex Vaksman posted in Banking, Regulation, FX, MiFID II

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In today’s banking industry many organisations are finding it increasingly challenging to meet the transparency requirements imposed on them. It arguably feels like a fusillade of bullets coming from all sides. Central banks, regulators, internal requirements, auditors, and others, are all imposing their own compliance and risk practices, to which banks must adhere or face the consequences and potentially pay a hefty price in regulatory fines.

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siena and the Cross Border Payments Controversy

[fa icon="calendar'] 16-Nov-2016 10:53:36 / by David Woolcock posted in Banking, Blog, Payments, FX, Technology

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How can technology support the principle of ‘fair and effective markets’?

In my last blog on cross border payments I was mulling the concept of “fair and effective” markets and musing how that would apply to the current landscape of high bank charges in this area. The original blog was inspired by a newspaper article that was expressing outrage that a bank was discriminating against smaller corporates (SME’s) on a systematic basis.

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Some good news and a cunning plan for the weekend...

[fa icon="calendar'] 11-Nov-2016 10:13:58 / by David Woolcock posted in News, Banking, Blog, MiFID, Regulation, Compliance, PRIIPs, MiFID II

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Baldrick_thumbnail.jpgIt is heartening to see at last some good news on the regulatory front in Europe. It is now widely expected that the European Parliament and Commission will move to postpone the entry in force of the PRIIPs Regulation by 12 months. This will bring the timing in line with MiFID II. If all goes well the “cunning plan” will move the date of application to 31 December 2017.

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Building Societies regulation–SMR, MiFID II, PRIIPs KIDs-what's in store?

[fa icon="calendar'] 04-Oct-2016 13:56:38 / by David Woolcock posted in Banking, Blog, MiFID, Regulation, Legislation, Building Societies

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Following on from our previous blog which looked at the journey of Building Society regulation so far, we are going to look at the current situation and future impacts on the sector.

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Building Societies – the mutual or demutualised regulatory debate

[fa icon="calendar'] 04-Oct-2016 13:52:58 / by David Woolcock posted in Banking, MiFID, Regulation, Legislation, Treasury Management, Building Societies

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Continuing on from our last blog which highlighted the background to the emergence of the Building Society market, we are looking in more detail at the regulatory journey the sector has been on. In our next blog we will be taking a more detailed view on how regulation is impacting the market now and in the future. We will look at how the current situation and future impacts on the sector.

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The Cross Border Payments Controversy

[fa icon="calendar'] 14-Sep-2016 13:44:37 / by David Woolcock posted in Banking, Blog, MiFID, Regulation, Global Code, Treasury Management, Treasury

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What is the correct price for your dollars, euro’s, yen and sterling (plastic or otherwise!) – a controversy swirls……………….

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Building Societies - where did it all begin?

[fa icon="calendar'] 26-Aug-2016 12:39:00 / by David Woolcock posted in Banking, Blog, TMS, Treasury Management, Building Societies, Treasury

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Eurobase International Group has recently expanded its presence in the Building Society market through the acquisition of the specialist Building Society software solution Parity Treasury Management

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Going the extra 1000 miles

[fa icon="calendar'] 18-Aug-2016 15:24:14 / by Matthew Wilson posted in Insurance, Banking, Blog, Charity

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I remember vividly watching a BBC TV programme when I was a boy, it was a production regarding the challenge of cycling the entire length of Great Britain. Stretching over 1000 miles from Land's End in Cornwall to the remote town of John O'Groats on the windy northern coast of the Scottish Highlands. It caught my enthusiasm instantly, a physical challenge which seemed way beyond my ability and the opportunity to thoroughly explore the land I call home. Despite the intervening years, the aspiration of one day completing it has not only stayed with me, but grown.

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