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Author: Alexander Campbell

Source: Risk magazine | 02 Oct 2009

Categories: Regulation

Topics: Exchangeable bond, Lloyds Banking Group, Royal Bank of Scotland (RBS)

The financial turmoil that began in 2007 left the UK government holding a significant share of the country’s banking industry – the whole of mortgage...

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Esma is required to write much of the technical standards for Emir by June 30 – but the regulation has only just been finalised, and the authority had just 75 full-time staff at the end of 2011 (www.risk.net/2142483). Will it meet the deadline? Should Esma be given more resources?

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