General Markets & Regulation

Is the EU Ready for the impact of MiFID II?

15 December 2017 By Lydia Appel and Phoebe Cutter The 2008 financial crisis uncovered that the existing regulatory governance framework over financial instruments was limited and subsequently lead to a suite of new EU regulations to ensure the safe and efficient...

Cryptocurrencies – A struggle of acceptance in China?

20 November 2017 BY SHAUN KOH With the growing global acceptance of digitalisation and artificial intelligence in the 21st Century - from automatic cars to location tracking and digital currencies (cryptocurrencies), comes greater implementation of regulations to...

MAS: Excessive Control or Necessary Enforcement?

BY EMON TABRIZI Amongst a backdrop of global regulatory changes, many of which emanate from Europe and the US, the Monetary Authority of Singapore has taken their own stance on the challenges facing the industry today, and made great steps towards implementing...

What the rise of the buy side could mean for the future of banking

BY: MICHAEL SAGL In the wake of the 2008 subprime mortgage crisis, new regulations may have indirectly created a shift in the balance of power among financial institutions. “Safer” banking became the priority, but being safe is seldom the key for prosperity,...

How risky is de-risking?

WRITTEN BY ALISE ELLIOTT The 2008 Financial Crisis marked a turning-point in banking practices. With regulatory requirements for financial institutions increasing and retrospective penalties for improper practices being imposed, banks were placed under somewhat of a...

Cross Border Collisions: A Fragmentation of the Derivatives Market

WRITTEN BY KATERINA CHRISTO This year’s Annual General Meeting of the International Swaps and Derivatives Association (ISDA) in Tokyo discussed a number of topics around future challenges in the financial services industry. One of the concerns identified was the...

MiFiD II extension: What you need to know

WRITTEN BY: ZARA HAMID What was MiFiD? In November 2007 the European Commission introduced the Markets in Infrastructure Financial instruments Directive (MiFID) in order to improve financial institutions’ management of investment services in financial instruments. It...

A risk based approach to the remediation of counterparty data

WRITTEN BY JOE SPENCE Quality counterparty data is more important than ever The increased volume of regulation, most notably concerning trade reporting and Know Your Customer (KYC), means that firm’s counterparty data is now more than ever scrutinised by regulators....

EMIR transaction reporting: the remediation effort

by CRAIG HAYDON Dec 19, 2014 The focus has now shifted: 10 months have passed since derivative industry participants met the 12th February 2014 deadline for European Market Infrastructure Regulation (EMIR) Transaction Reporting. Focus to date has been on ensuring all...

The Volcker Rule: Are US banks ready?

by HANNAH REID Jun 19, 2015 The Dodd-Frank Wall Street Reform and Consumer Protection Act was signed in July 2010, arguably the most momentous change to financial regulation in the United States since the Great Depression. The goal of this legislation was: “An Act to...

ISDA AGM 2016 – United We Stand in the Drive for Standardisation

by MATT ALLEN Apr 15, 2016 Leading regulators, legislators, derivatives market participants, technology and resource providers met in Tokyo last week at the International Swaps and Derivatives Association’s (ISDA) 31st Annual General Meeting (AGM). The ISDA Conference...

FIFA corruption scandal and the role of financial regulations

by JASMIN STEEL May 31, 2016 The Federation Internationale de Football Association (FIFA) has been subject to accusations of corruption for decades. With the awarding of the 2018 and 2022 World Cups to Qatar and Russia respectively, those accusations reached a new...

The time zone conundrum

by NATASHA WILLIAMS Mar 13, 2015 In a world where money never sleeps and banks continue to seek cost savings by offshoring their operations – where is the best place to base your OTC confirmations team? Many banks have chosen to keep their structured confirmations...

One negotiation, two negotiation, three negotiation, standard?

by NATASHA WILLIAMS Apr 10, 2015 Since the launch of ISDA (the International Swaps and Derivatives Association) in 1985, there has been a push by both regulators and industry participants to standardise the documentation used within the OTC derivatives market. That...

UTI’s – how do we guarantee uniqueness?

by GEETHAN PERINPANAYAKAM MAY 15, 2015 Recently, the International Swaps and Derivatives Association (ISDA) released their UTIPrefix.org, a place where any entity that requires a unique trade identifier (UTI) can check or obtain their unique 10-character prefix...

Move over FinTech, Meet RegTech

by KATERINA SABA May 13, 2016 Since the financial crisis, the increasing levels of regulation along with more demanding regulatory expectations have had a substantial impact on businesses in the financial services industry, requiring more people, processes, and...

The equities / oil correlation: a new norm?

by RORY WALKER Apr 22, 2016 Crude oil prices and equities have moved in lockstep thus far in 2016, signalling a rare correlation in which the price of oil appears to be driving the stock market. Since December 2015, the S&P 500 and oil prices have finished the day...

Process Inventory – the way to stay connected

by AMBER BISSELL Jan 22, 2016 What is a process inventory? Why does it matter? At first glance, it may just seem like a long list of processes – and that is essentially what it is. However, this document is critical as it tracks and connects the multiple activities...