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David Woolcock


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A Letter from the Americans, European Corporates Take Note……..

[fa icon="calendar'] 18-Jul-2018 09:01:54 / by David Woolcock posted in Banking, Blog, Global Code, FX

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The American Foreign Exchange Committee (FXC) has issued one of its letters last week addressed to all “Market Participants”. The FXC is an FX industry group that has been providing guidance to the market since 1978. 

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The Best Executed defence means no penalties.

[fa icon="calendar'] 29-Jun-2018 15:43:19 / by David Woolcock posted in Banking, Blog, MiFID, Regulation, Compliance, MiFID II, Best Execution, regulatory reporter, World Cup

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As the data publishing season for best execution begins, it is timely to look at what is required, and what will be required going forward.

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VAR & Surveillance - unlikely bedfellows?

[fa icon="calendar'] 19-Jun-2018 17:41:40 / by David Woolcock posted in Banking, Blog, Compliance, reporting, World Cup

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Football is a game of two halves but last night for English fans that added 4 minutes felt like another half! For the “football’s coming home” brigade it was a decent start. The debate around VAR was well and truly stoked following the game and the pundits debate on the efficiency of VAR continues! We “was robbed” a phrase that comes to mind! It is uncanny how this translates into parallels with current debate in the financial markets.

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Doing the 'Right thing'...

[fa icon="calendar'] 06-Jun-2018 16:16:43 / by David Woolcock posted in Banking, Blog, Regulation, Global Code, Compliance, MiFID II

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Eurobase has just given me a reusable coffee/tea mug in support of World Environment Day. This should arrest the use of plastic in the office and help our seas and oceans, albeit in a very small way, but every little helps! Cycling into work, I heard on the radio about the tremendous amount inspired teachers do to educate our children on environmental matters. I can personally attest to the “nag factor” our teenagers bring to correct the ways of their elders! Overall, it is about doing the “right thing”.

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Be prepared : changing market dynamics and revolving regulatory requirements

[fa icon="calendar'] 20-Mar-2018 11:02:15 / by David Woolcock posted in Banking, Blog, Regulation, Compliance, Best Execution, Software

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Following the release of the new Banking collateral, our Director of Business Consulting reflected on the development of siena in the context of the market defining events over the past 25 years or so. From the early days of the expansion of computing power through the electronification of trading and the dot com bubble to the Financial Crisis. David Woolcock reflects on how these momentous events have shaped our product development. At the end of the article is the challenge of what lies ahead in the next phase of continual enhancement and improvement of our flagship treasury solution.  

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MiFID II ISINs - If you want to see the sunshine, you have to weather the storm.

[fa icon="calendar'] 23-Feb-2018 12:27:40 / by David Woolcock posted in Banking, Blog, MiFID, Regulation, Compliance, MiFID II, regulatory reporter

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In my last blog The week that was the MiFID II deadline I highlighted the issue with LEI’s. This time it seems it is the turn of ISINs that are causing some turbulence below the surface of what otherwise has been a great industry effort to get the good ship (MiFID II) launched and implemented without any sharp squalls driving us onto the rocks.

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The week that was MiFID II deadline week……..

[fa icon="calendar'] 16-Jan-2018 12:32:50 / by David Woolcock posted in Banking, Blog, Regulation, Compliance, MiFID II

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So the 3
rd of January came to pass and the City was not plunged into meltdown by the implementation of MiFID II/MiFIR. Some confusion reigned due to the late announcement of 6-month smoothing exercise to the implementation of LEI’s. The summary statement was – 

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Advent surprises and few bells jingled!

[fa icon="calendar'] 11-Dec-2017 11:54:00 / by David Woolcock posted in Banking, Blog, MiFID, Regulation, Compliance, MiFID II, PSD2, Advent

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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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