Capital Markets Advisors

IFR 2043 26 July to 1 August 2014 By Christopher Whittall   As a consultation on landmark reforms that will irrevocably change the face of European financial markets draws to a close, a fundamental and deceptively simple question remains at the centre of the regulatory debate: how to define market liquidity. At stake is the range of products that will be captured by beefed-up pre and post-trade transparency requirements under… Read More »

By Gina Chon in Washington Financial Times   The Federal Reserve Bank of New York is stepping up pressure on the biggest banks to improve their ethics and culture, after investigations into the alleged rigging of benchmark rates led officials to conclude bankers had not learnt lessons from the financial crisis. The investigations into the alleged manipulation of Libor and foreign exchange rates produced emails and other evidence that NY… Read More »

07.25.2014 On August 11, trade reporting requirements under European Market Infrastructure Regulation (Emir) will kick in, requiring firms to report valuation and collateral information, in addition to the basic trade reporting requirement that they have been subject to since February. This puts the onus on buy-side firms to either do the reporting themselves, or delegate it to their sell-side broker. “From a buy-side perspective, a lot of firms thought they… Read More »

JULY, 2014 by GEORGE BOLLENBACHER   With the compliance date for the Volcker Rule (VR) just under a year away, most banks are fully involved in getting ready, but their technology vendors may be way behind, if they are even aware of its implications for their products. Unless tech companies get on the stick, banks may find that many of their compliance efforts are compromised, if not ineffective. First Things… Read More »