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Category Archives: Banking Operations

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Operational risk appetite and how to detect when your organisation is close to breach its pre-defined levels

Posted on by aldopuch

By Manoj Kulwal, Eureka Financial Faculty An organisation may have several business units and the activities of each unit may be unique e.g. a bank may have a retail banking and commercial banking business units. Each business unit will be … Continue reading

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FATCA – 6 basic concepts you need to know

Posted on by aldopuch

By Stanley Epstein, Eureka Financial The United Sates’ Foreign Account Tax Compliance Act (FATCA) was written into law in March 2010 and became operative on 1 July 2014. The objective of the legislation was to ensure that United States taxpayers … Continue reading

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Exploring GATCA – The Global FATCA

Posted on by aldopuch

By: Treasury Insider Last month, the Foreign Account Tax Compliance Act (FACTA) came into effect, forcing overseas banks that accept US payments to disclose account information to the IRS or face 30% withholding tax. The OECD has now introduced Automatic Exchange of … Continue reading

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Are you ready for FATCA?

Posted on by aldopuch

  FATCA came into effect on 1st of July requiring foreign banks to report their offshore accounts. To facilitate an orderly transition the United States IRS will refrain from rigorously enforcing many of the requirements during 2014 & 2015, as … Continue reading

Posted in Banking Operations, Banking Regulations, FATCA, Operational Risk Management, Payments, Private Banking, Regulation, Training London, Wealth Management | Tagged , , , , , , | Leave a comment

Operational Risk recognised as the most important risk by financial institutions

Posted on by aldopuch

By: MartketWatch.com Chartis nominated SAS OpRisk system as the leader in the market for Operational Risk Management. Payman Mestchian, Managing Partner at Chartis says that their research suggests that “operational risk is now recognized as the most important risk by … Continue reading

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Main Trends in Collateral Management

Posted on by aldopuch

By: Securities Lending Times According to the new survey conducted by Sapient Global Markets in March, evolution towards the front office has been identified as one of the main trends for efficient collateral management across global market participants. The research … Continue reading

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ERM – Lessons learnt since the financial crisis and where practices are still lagging

Posted on by aldopuch

Lessons learnt after the crisis With signs that the global financial crisis is on the wane; five years after the fall of Lehman Brothers  analysts are asking what lessons, if any, have been learnt along the way.  To this end … Continue reading

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Tougher measures on capital requirements proposed by the regulators

Posted on by aldopuch

By: FT.com Global regulators on Thursday proposed new measures to toughen up the regime that governs capital requirements for banks’ trading books. The Basel Committee on Banking Supervision issued a consultation paper proposing that banks use a standardised approach to determine … Continue reading

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10 Questions each Risk Manager should ask himself

Posted on by aldopuch

By Stanley Epstein The whole aspect of Risk Management has taken on a much higher profile over the past few years, driven by many new factors. In the financial industry the crisis that so unpleasantly arrived on our doorstep in … Continue reading

Posted in Banking Operations, Operational Risk Management, Risk Management, Training Dubai, Training London | Tagged , | 1 Comment

Clearstream and DCCC cooperation on collateral management for CCP margining

Posted on by aldopuch

By: SecuritiesLendingTimes Clearstream’s global liquidity hub has its first Middle Eastern central counterparty (CCP) link. The Dubai Commodities Clearing Corporation (DCCC), which is the CCP of the Dubai Gold & Commodities Exchange, has agreed to cooperate on collateral management for CCP … Continue reading

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