Month: July 2013
Tougher regulation in the repo market
The Basel Committee on Banking Supervision may have recommended a minimum 3% capital holding to cover repo deals but globally regulators now seem to be tightening the rules still further. Within the past month both the US SEC and European regulators have set out proposals for enhanced ratios and larger capital cushions. If implemented Basel […]
Roundtable: Challenges of running a Family Business
“What are the challenges when running a family business?” Join Neale Lewis as he chairs the Derby Business TV Roundtable with Perween Warsi of S&A Foods, Jacqui Mason of Best Practice Childcare and Carl Bridge of Birchover Hotel Apartments If you re interested in learning about the latest trends in Family Office and wealth management […]
FCA releases Anti Money Laundering report
The UK Financial Conduct Authority (FCA) has released its first annual report into Anti Money Laundering (AML). The report covers the FCA’s rights and responsibilities with respect to AML as well as looking at trends and emerging risks. Some sections of the report make disturbing reading from the perspective of financial institutions’ risk management. The […]
The Art of Managing a Family Office
With the birth of a son to the Duke and Duchess of Cambridge, “The Firm” as the British Royal family is sometimes known can rejoice that there are now three generations in direct line to the throne. Of course, not every family firm is as famous as the British Royal family but as with many […]
When Operational Risk becomes a way of life
In a timely reminder that we can never become complacent about the consequences of operational risk the UK’s Serious Fraud Office has announced that two brokers have been charged with conspiracy to defraud in connection with the rigging of LIBOR rates. The LIBOR story which has already seen some banks face hefty fines is a […]
Boost to the Triparty Repo Settlement Interoperability
The ICMA European Repo Council has signed a memorandum of understanding with Clearstream, Euroclear and Eurex Clearing, which engages those providers in a joint project focusing on increasing the efficiency of the repo market. Through this agreement Eurex Clearing will be able to extend the connected settlement locations for its secured market pooling with Clearstream to […]
Shining the spotlight on Corporate Governance
IFSB (the Islamic Financial Services Board) and INCEIF (The Global University of Islamic Finance) have just announced the confirmed speakers for their second Executive Forum on Islamic Finance. Entitled “Towards Strengthening Corporate and Sharī`ah Governance in Islamic Banks” the forum is being held in Kuala Lumpur, Malaysia on 26-27 August. Speakers for the event include […]
13 Banks Accused of Blocking CDS Market
Barclays, RBS, Deutsche Bank, Citigroup, UBS and JP Morgan are amongst 13 banks accused by EU Commission of blocking the access for exchanges to the CDS market on fears that this would reduce their profits. Deutsche Börse and Chicago Mercantile Exchange were refused licences between 2006-2009 by ISDA and Markit, which are controlled by banks, to […]