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Regulation

The financial world faces ever increasing legislative and compliance requirements. Managing these is both a necessity and an opportunity to thrive.

Our take on regulation in 60 seconds

As a guide and partner through the regulation and regtech (regulatory technology) space, we provide you with the knowledge and tools to put you in control of the outcome.

The regulatory landscape is complex, often with multiple directives and requirements. On January 3, 2018 MiFID II commanded significant changes in business and operating models, systems and data you use and retain.  The Fundamental Review of the Trading Book (FRTB) will take effect January 2022 with the shortcomings of Basel 2.5 being addressed.  However, the requirement of firms implementing IMA having to run their models in advance for a year and receiving regulatory approval puts a mid-2020 as a key deadline for their implementation.

Your partners and the solutions you choose can give you an advantage. A single trade may need to be reported in different ways, requiring the strategic planning of your regulatory compliance approach to promote long term efficiency.

With regulatory demand at an all-time high in 2018, a holistic approach to compliance becomes a ‘must do’ rather than a ‘nice to have’. It means infrastructure must be rationalized at the data level to provide a more efficient, and less costly, response to multiple regulations.

Key takeaways

Here are the essentials

Prepare for the journey

Although the regulatory journey is through different and evolving landscapes, one thing is consistent: they all require preparation.

Think strategically

Regulatory demands are considerable. A holistic approach is the path to efficiency and a less costly response.

Engage a trusted partner

We are your trusted guide and partner providing you with the knowledge and tools to put you in control of the outcome.

Expert opinion

Viewpoint: Basel Committee on the Revision to the Minimum Capital Requirements for Market Risk under FRTB

We believe it is critical that a globally consistent and clearly defined supervisory framework is introduced for vendors providing data pooling solutions. This framework must take into account the existing transparency landscape as well as FRTB’s policy objectives.