Bank of England

Working with the Bank of England's senior managers regime

As of March, the new Senior Managers Regime (SMR), designed to improve individual accountability in the banking and finance sector, is in full effect within the UK.

Posted on: 31 May, 2016

Cyber resilience core to safeguarding investment value

The warning by the Bank of England's Financial Policy Committee last month that financial firms in the UK are underestimating the threat of cybercrime, coupled with recent high-profile blow-by-blow media accounts of companies under attack, are set to keep cyber resilience firmly on corporate governance agendas.

Posted on: 16 Jan, 2015
Posted in: Opinions

European regulators advise CCPs to review their TLAC processes

The European Commission and other global regulators are assessing the options by which to deal with the failure of a central counterparty clearing house (CCP).

Posted on: 04 Dec, 2014
Posted in: Operational Risk

DTCC urges greater collaboration on cyber-crime threats

A white paper published by the Depository Trust & Clearing Corporation (DTCC) has urged regulators and financial institutions to collaborate more on the increasing threats posed by cyber-crime.

Posted on: 23 Oct, 2014
Posted in: Technology

IDX 2014: Exchanges warn financial institutions on cyber-threats

Market participants need to be better communicate with each other about how to mitigate the risks of cyber-attacks.

Posted on: 10 Jun, 2014
Posted in: Technology

A curious sermon from the Governor

A few weeks ago I was privileged to listen to a private presentation to a group of international bankers by a senior European regulator. I was struck by the force of his emphasis, not on the detail or purpose of formal regulation, but on the growing exasperation of regulators everywhere with the unceasing ability of the banking industry to produce bad people and embarrassing scandals.

Banks need to be more transparent on eurozone crisis

Banks need to be more forthright with buy-side clients about the operational implications of a eurozone country (or countries) exiting the single currency or common market.

Posted on: 28 Nov, 2012

Rehypothecation caps in EU would hurt PBs and hedge funds, warns industry experts

A stringent regulatory cap on rehypothecation would limit prime brokers’ ability to provide financing against illiquid instruments at hedge funds, while it would almost certainly push costs up at managers, a senior executive at Citi Prime Services

Posted on: 24 Sep, 2012
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