Cyber risk is a new and rapidly developing threat, and this means that risk transfer through insurance, helpful in other areas of operational risk, is of only limited use as a defence against it
Reforms of the UK financial regulatory system are supposed to have created a newly aggressive and active oversight function – but have they succeeded, and what will be the first targets of the new regime?...
The European Union is finally nailing down rules governing retail investment products, but an intervention from the European Securities and Markets Authority could dilute the potency of the region’s...
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.
More Features/Regulation articles
The US Federal Reserve wants to make repo trades more expensive and views still-pending rules on bank funding as one policy lever. However, a new draft of those rules goes too far, banks argue, potentially driving up costs by more than 850%. Lukas Becker...
David Meister, former director of enforcement at the US Commodity Futures Trading Commission, speaks exclusively to Alexander Osipovich about market manipulation, high-frequency trading and the value of Dodd-Frank reporting rules for financial watchdogs...
As CCPs in the region gear up for clearing, banks need to make a critical decision about whether to join up. Which clearing house is currently on top?
Basel III is changing the shape of the global repo markets but in Asia banks are sensing an opportunity. Why are Asia’s markets such an attractive proposition for repo?
New US capital and liquidity rules for overseas banks could cripple repo and securities lending businesses, the industry claims. Some banks are already considering scaling back, but there are deeper concerns, too. Peter Madigan reports
Time is running out for foreign companies to register under the US Fatca anti-tax-evasion law, but they are still frustrated by a lack of clarity on the law’s requirements, in particular the rules governing know-your-customer procedures
With only a few months to go before the compliance deadline, industry observers still report much work to do for fund managers to comply with the latest European directive. OpRisk looks at the obstacles ahead
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.