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FCA highlights AML failings in 鈥淒ear CEO鈥 letter


06 March 2024 UK
Reporter: Bob Currie

The UK financial conduct regulator has written to company heads outlining weaknesses in their controls to prevent financial crime and instructing that they must take necessary steps to address these shortcomings
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BoE acquires powers to restrict CCP discretionary payments


19 February 2024 UK
Reporter: Bob Currie

The UK central bank now has further powers to limit CCP discretionary payments to employees and shareholders, with these powers limited to five years鈥 duration and with consideration to be given to their impact on CCP hiring and staff retention
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CPMI-IOSCO launch consultation on VM processes in cleared markets


14 February 2024 Switzerland
Reporter: Bob Currie

The consultation report, Streamlining Variation Margin in Centrally Cleared Markets, outlines eight practices for promoting effective VM processes and transparency between CCPs, clearing members and their clients
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ESMA clarifies best execution reporting for MiFID II


13 February 2024 Europe
Reporter: Carmella Haswell

Under the reviewed framework, investment firms are no longer required to annually report detailed information on trading venues and execution quality through RTS 28 reports
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SS&C Algorithmics enters partnership with Regnology


08 February 2024 US
Reporter: Carmella Haswell

The risk and performance analytics specialist will combine its risk calculations with Regnology's regulatory reports to help clients meet the IRRBB reporting requirements