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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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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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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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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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MiFID II - It’s longer than a game of T20 cricket!  How should we use this breathing space in a limited over regulatory game that’s going into overtime?

[fa icon="calendar'] 01-Apr-2016 09:34:18 / by David Woolcock posted in Banking, MiFID

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After the draft of MiFID II technical standards in December 2014, financial institutions began to get a flavour of the profound changes ahead. Scandals were propelling the drive to enact legislation that would boost market integrity through the introduction of more transparent markets. This transparency, unless adequately planned for, can require significant changes to a vast panoply of IT systems.

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