By Tina Lasrado.The European Union’s Solvency II Directive is often referred to as “Basel for insurers.” Under the directive, insurance companies must understand and actively consider their risk exposures to…
Under the Dodd Frank Act, UK swap dealing entities are required to report annually to the Commodities Futures Trading Commission (CFTC) in the US. The process to support this reporting involves…
An international tier-one bank was implementing a Trade Data Repository (TDR) and required advice, management and expertise across a variety of problem spaces. A large team had been assembled to…
If, amidst the avalanche of regulatory changes coming down the pipeline, the Senior Managers & Certification Regime (SM&CR) regulations have not yet hit your radar, you are probably not alone.…
XML (Extensible Mark-up Language) is the lingua franca for the exchange of information in the banking industry, but many institutions are struggling to use it effectively. Failure to correctly translate…
Business today is all about compliance. Without it, running a profitable and successful business is virtually impossible, especially when the retribution can amount to hundreds of millions of pounds in…
The Basel Committee published its ‘Principles for effective risk data aggregation and risk reporting’ in January 2013. The document opens with a quote from T. S. Eliot:Where is the wisdom…
Basel III (or the Third Basel Accord) is a global, voluntary regulatory standard on bank capital adequacy, stress testing and market liquidity risk.The Basel Accords were developed in response to the deficiencies in financial regulation that the financial crisis revealed in 2007-08.…
The Dodd Frank Wall Street Reform and Consumer Protection Act has been effective in the US since July 2010. It identified foreign financial institutions which might have a big impact…
Under the new European Market Infrastructure Regulations (EMIR) both counterparties involved in a trade are required to report their side of the transaction to a Trade Repository (TR). While financial…