Navigating Regulatory Reform After The Financial Crisis Webcast
![watersmicrophone watersmicrophone](/sites/default/files/styles/landscape_750_463/public/import/IMG/737/208737/watersmicrophone-580x358.JPG.webp?itok=tO_1no8N)
CLICK HERE to listen to the archived webcast
Following the credit crisis of 2008 and subsequent sovereign debt crises, the financial services industry is undergoing one of the largest regulatory overhauls in recent memory, which is radically changing the way in which global markets operate. With these reforms, operational and technology challenges are presented on a daily basis, forcing firms to adapt to meet new requirements.
-- The reduction of systemic risk, following the high-profile collapses of Lehman Brothers and Bear Stearns, is at the heart of global regulatory reform. But with the pressures placed on financial institutions as a direct result, is navigating this new and complex playing field introducing risk in itself?
-- The US and the EU are forging ahead with their own regulatory reforms - primarily the Dodd-Frank Act and the Markets in Financial Instruments Directive, respectively. However, with a more fragmented regulatory landscape in areas such as Asia, and other political factors playing in to new regulation, such as the recent proposed financial transaction tax in some, but not all, European countries, are issues of extraterritoriality, regulatory arbitrage and overreach becoming primary causes for concern?
-- OTC markets such as those in interest-rate swaps are becoming electronic in nature, and central clearing is a key component of this. To what extent is technology driving this move and how can technology providers help market participants adjust to this new dispensation?
-- Capital adequacy requirements, counterparty risk management, and compliance programs are changing structures and attitudes at larger financial institutions. To what extent can technology ease the compliance burden when it comes to new regulation?
-- Regulatory uncertainty is an area of concern, with firms claiming they are unable to prepare to comply with rules that aren't complete or even written yet. How can technology vendors and industry participants' work with regulators to ease the process, and in what ways could regulators work more closely with the industry to fine-tune policy and rules?
Speakers:
* Nick Green, Head of Fixed Income Markets e-Business, CREDIT AGRICOLE
* Alan Eddie, Head of Risk IT Americas, Global Head of Regulatory Risk and Operational Risk IT, RBS
* Bill Nosal, Head of Business Development and Product Strategy Broker Surveillance and Compliance, SMARTS, NASDAQ OMX
* Ed Royan, COO, AXIOM SL EMEA
Moderator: James Rundle, Deputy Editor, WATERS TECHNOLOGY
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Regulation
Off-channel messaging (and regulators) still a massive headache for banks
Waters Wrap: Anthony wonders why US regulators are waging a war using fines, while European regulators have chosen a less draconian path.
Banks fret over vendor contracts as Dora deadline looms
Thousands of vendor contracts will need repapering to comply with EU’s new digital resilience rules
Chevron’s absence leaves questions for elusive AI regulation in US
The US Supreme Court’s decision to overturn the Chevron deference presents unique considerations for potential AI rules.
Aussie asset managers struggle to meet ‘bank-like’ collateral, margin obligations
New margin and collateral requirements imposed by UMR and its regulator, Apra, are forcing buy-side firms to find tools to help.
The costly sanctions risks hiding in your supply chain
In an age of geopolitical instability and rising fines, financial firms need to dig deep into the securities they invest in and the issuing company’s network of suppliers and associates.
Industry associations say ECB cloud guidelines clash with EU’s Dora
Responses from industry participants on the European Central Bank’s guidelines are expected in the coming weeks.
Regulators recommend Figi over Cusip, Isin for reporting in FDTA proposal
Another contentious battle in the world of identifiers pits the Figi against Cusip and the Isin, with regulators including the Fed, the SEC, and the CFTC so far backing the Figi.
US Supreme Court clips SEC’s wings with recent rulings
The Supreme Court made a host of decisions at the start of July that spell trouble for regulators—including the SEC.