Prime brokers have had to cancel four-way agreements for trades involving two buy-side firms, on the basis that a no-action letter issued by the CFTC on April 30 did not cover this type of business
This white paper looks at the heavy impact of regulation on investment managers, the mitigation of outsourcing risk, inefficiencies in corporate actions processing and the growing importance of collateral management.
More Dodd-Frank Act articles
Division of financial supervision among US agencies is impeding Dodd-Frank reforms, says ex-Fed chairman
Commodity businesses must have broad client base to absorb increased regulatory costs, says JP Morgan commodities head
Reporting for duty
CFTC commissioner warns about agency's "data dilemma" in exclusive video interview
Equivalence and substituted compliance issues must be resolved quickly, or financial markets will be affected, says Kono at Japanese FSA
Failure to meet deadline for earlier protocol puts banks on the back foot for compliance with next round of rules
Dodd-Frank rules on swap data reporting creating a headache for energy market participants
The EC and Esma should consult on the process for determining equivalency with Emir, says Eric Pan of the SEC
CFTC commissioner blasts “adhocracy” of last-minute exemptions to Dodd-Frank rules
CFTC will soon unveil revised rule on commodity position limits after a court rejected its previous effort, says O'Malia
The draft form of the EU's proposed financial transactions tax is 'unworkable' for European firms operating in Asia
This whitepaper reviews the fundamental changes of Liquidity Risk Management under Basel III. It discusses how institutions can meet the regulatory requirements on liquidity risk management by enhancing their liquidity risk analytics, funds transfer pricing methodologies, liquidity stress testing frameworks, and enterprise risk management platforms.