Blog

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

[fa icon="comment"] 0 Comments

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! 

Read More [fa icon="long-arrow-right"]

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

[fa icon="comment"] 0 Comments

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.

Read More [fa icon="long-arrow-right"]

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

[fa icon="comment"] 0 Comments

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!  

Read More [fa icon="long-arrow-right"]

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

[fa icon="comment"] 0 Comments

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?

Read More [fa icon="long-arrow-right"]

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

[fa icon="comment"] 0 Comments

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. 

Read More [fa icon="long-arrow-right"]

Who is afraid of the big bad wolf in Regulatory Reporting 3.0?

[fa icon="calendar'] 11-Apr-2019 13:59:26 / by David Woolcock posted in Banking, Regulation

[fa icon="comment"] 0 Comments

Following two high profile fines for regulatory reporting failures, totalling nearly £62 million by the UK’s FCA, the fines prompted an interesting observation by the Director of Enforcement and Market Oversight at the FCA.

Read More [fa icon="long-arrow-right"]

Back to the Future part IV – Regulatory Reporting to be the next one rescued?

[fa icon="calendar'] 21-Mar-2019 10:28:50 / by David Woolcock posted in Banking, Regulation

[fa icon="comment"] 0 Comments

Here we are … always following new market developments to inform our product development teams … and one item caught my eye in the last week:– Digital Regulatory Reporting (DRR) starring the FCA and a host of collaborative partners! As Ronald Reagan noted having seen the film Back to the Future “Never has there been a more exciting time to be alive, a time of rousing wonder and heroic achievement.”

Read More [fa icon="long-arrow-right"]

SFTR – The regulatory reporting net is about to be cast a whole lot wider

[fa icon="calendar'] 24-Sep-2018 10:20:00 / by Robert Harris posted in Banking, Blog, Regulation, regulatory reporter, SFTR

[fa icon="comment"] 0 Comments

The European Union (EU) Securities Financing Transaction Regulation (SFTR) is part of Europe’s continuing clampdown on potential risks in the banking & financial services sectors.  Scheduled for introduction in Q3 2019, it requires firms to report details of their Securities Financing Transactions (SFT’s) to trade repositories. This includes a range of instruments including; Repos, Securities and Commodities Lending, Buy/Sell Backs, Margin Lending and Total Return Swaps. 

Read More [fa icon="long-arrow-right"]

PSD2 – the really useful regulation

[fa icon="calendar'] 03-Jul-2018 06:00:00 / by Robert Harris posted in Banking, Customer Service, Regulation, Payments, Compliance, PSD2, regulatory reporter

[fa icon="comment"] 0 Comments

The 2018 Payment Services Directive (PSD2) opens up payments markets to new, radical service providers in an aim to create a cheaper, more efficient European payments market. It provides new opportunities for third parties to access banks’ internal data in real-time to improve customer service.  

Read More [fa icon="long-arrow-right"]

The Best Executed defence means no penalties.

[fa icon="calendar'] 29-Jun-2018 14:43:19 / by David Woolcock posted in Banking, Blog, MiFID, Regulation, Compliance, MiFID II, Best Execution, regulatory reporter, World Cup

[fa icon="comment"] 0 Comments

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.

Read More [fa icon="long-arrow-right"]

Doing the 'Right thing'...

[fa icon="calendar'] 06-Jun-2018 15:16:43 / by David Woolcock posted in Banking, Blog, Regulation, Global Code, Compliance, MiFID II

[fa icon="comment"] 0 Comments

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”.

Read More [fa icon="long-arrow-right"]

ACI GDPR Briefing by Collyer Bristow (CB)

[fa icon="calendar'] 24-May-2018 13:14:01 / by Robert Harris posted in Customer Service, Blog, Regulation, Compliance, GDPR

[fa icon="comment"] 0 Comments

Read More [fa icon="long-arrow-right"]