European union (eu)
The computational requirements of Solvency II are driving the need for more computing power and data storage accessible on a scalable basis. Early adopters are leveraging cloud computing for their Solvency II implementation. Others are taking a more cautious approach, waiting for the industry to address key concerns such as security before they to embrace computing.
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Time is running out for European financial institutions to establish a framework for complying with European Union MiFID directives by its implementation date of April 2007. DSTi's Ian Hunt looks at why and what MiFID is, the anticipated impact on market...
The Financial Markets Law Committee (FMLC) released a working paper in late January that pointed out a substantial flaw in the proposed EU Transparency Obligations Directive.
CreditVantage, a division of Fitch Risk specialising in credit risk software, has launched a new resource for European credit risk data, called the European Loan Loss Database (ELLD).
The European parliament is taking the first steps towards an EU-wide framework for hedge fund regulation, with plans for a directive to facilitate a single well-regulated market for hedge funds.
In response to industry fears of a collateral crunch, regulators have revised the proposed rules on margining for uncleared over-the-counter (OTC) derivatives.You can find out more by downloading this white paper here.