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4 themes to get right in 2020: LIBOR, SFTR, Cyber Security and Market Equivalence

[fa icon="calendar'] 24-Jan-2020 15:24:55 / by David Woolcock posted in Banking, Blog, Regulation, Global Code, Compliance, SFTR, LIBOR, Banking Regulation, Cyber Security, Market Equivalence

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As is traditional this time of year, our good intentions of New Year resolutions fade to what we might expect to be dominant themes in 2020, and it has to be said that if certain plans are not yet well advanced you might want to get to it! 

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Starting the New Year with a call to arms!

[fa icon="calendar'] 10-Jan-2020 17:30:00 / by David Woolcock posted in Banking, Blog, Regulation, Global Code, Compliance, SFTR, Banking Regulation, ESMA

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As we settled down to the first full working week of 2020, ESMA published the latest and final set of papers on the Securities Financing Transactions Regulation (SFTR) with guidelines on reporting structures.  This was accompanied by the amended SFTR validation rules and a statement on Legal Entity Identifiers (LEI). The good news is that it now clarifies a number of provisions pertaining to SFTR, alongside some practical guidance.

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Winding down for Christmas with little to celebrate behind the doors of the Advent Calendar

[fa icon="calendar'] 23-Dec-2019 09:00:00 / by David Woolcock posted in Banking, Blog, Regulation, Global Code, Compliance, Advent, Banking Regulation

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The festive season has taken over and it is reflected in the post UK election newsfeeds for financial markets. We are moving forward into the 2020s, and people are making predictions about the new decade. But, we should not expect the exuberance, irrational or otherwise, of the Roaring Twenties a century ago!  

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The Financial Advent Calendar

[fa icon="calendar'] 17-Dec-2019 11:00:00 / by David Woolcock posted in Banking, Blog, Regulation, Global Code, Compliance, Advent, Banking Regulation

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We have moved on from the conference season which highlighted AI, Machine Learning and Algo trading as core topics de jour. Interspersed in this were concerns over information security, predictions of a greater take-up of cloud computing and regulatory attention on cybersecurity. Now we have moved well into Advent and the festive season is getting into full swing. So what has been cropping up behind the doors of the Advent calendar this year?

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SMCR is here!

[fa icon="calendar'] 09-Dec-2019 08:30:58 / by Richard Ndefo posted in Banking, Blog, Regulation, Compliance, FCA, Banking Regulation, accountability

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On 12th December the British electorate will head to the polls for the third time in four years.  Each political party is asking the public to put their faith in its manifesto and to fund a splurge in public spending after years of austerity.  This has sparked a broader topic of discussion in relation to (ithe extent to which the opportunity to cast our vote represents a chance to hold the conduct of our politicians to account, (ii)  assess the policies of the incumbent party during the previous parliamentary period, and (iii) whether there are more efficient (and frequent) ways of making politicians accountable. 

Meanwhile, today the Senior Managers Certification Regime (SMCR) comes into effect for solo-regulated firms in the financial sector. 

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Full steam ahead ordered on IBOR replacement and the FRTB engines are being stoked…..

[fa icon="calendar'] 10-Jun-2019 09:00:24 / by David Woolcock posted in Banking, Treasury Trading Solutions, Banking Regulation, FRTB

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In November last year we held a Breakfast Briefing entitled “New Horizons for Treasury Regulation”, two of the topics we covered were IBOR reforms especially from the legal aspects and the Fundamental Review of the Trading Book and predicted these would come centre stage in 2019. 

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