Regulation
315 white papers and resources
Consumer credit - getting ready for the new regulator
The government recently decided to transfer regulatory responsibility of consumer credit and second charge mortgages from the Office of Fair Trading (OFT) to the Financial Conduct Authority (FCA). This white paper analyses this decision and sets out an anticipated time-line for transfer.
Enforcement — what to expect under the Financial Conduct Authority
This white paper reviews the recent breakup of the Financial Services Authority (FSA). It provides insight into how the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) will regulate the UK’s financial services industry in the future.
How to build CVA on top of an existing risk structure
This white paper explores the current credit valuation adjustment (CVA) landscape, looking at the different challenges of implementation. It discusses the various CVA strategies that are available to banks and provides insight to those looking to implement CVA projects effectively.
Banking crisis in Cyprus: Q&A on the new banking laws
Harneys answers frequently asked questions about banking in Cyprus in the context of the current banking crisis. Key issues discussed include circumstances under which the Deposit Protection Scheme is activated, which deposits are covered by the Deposit Protection Fund and depositor compensation.
Emerging themes 2013: A clean sweep for financial regulation?
Regulatory compliance and risk management continue to be a mounting concern for the financial sector. Set against a backdrop of increasingly aggressive financial services regulation, this white paper provides a series of short topical articles discussing key areas of focus.
EMIR - what are the margin requirements for uncleared OTC derivatives?
Much of EMIR is now coming more clearly into focus. But a major unknown has for a long time been the question of margin requirements for uncleared OTC derivatives. BCBS/IOSCO has published its second consultation paper. This white paper considers the implications of these near finalised proposals.
European Parliament withdraws objection to EMIR technical standards
The EC recently withdrew its objection to legislation adopted by the European Commission for technical standards on OTC derivatives, central counterparties and trade depositories. The reasons for the objections, how the compromise was agreed and what this means for the finance industry is reviewed.
UBS and rogue-trading: an insight into prevailing regulation
UBS was recently fined £29.7m as a consequence of the much-publicised rogue-trading activities of Kweku Adoboli. Macfarlanes provides a summary and outlines why the UBS Final Notice emphasises the importance placed by the FSA on an institution's first line of defence.
Transform to Grow: The New Face of Banking
Banks have seen tremendous changes occurring in the way they need to serve corporate customers. Key drivers include slow economic growth and the effects of regulatory changes. This white paper looks at the impact that these challenges have on banks and what technology can do to support the new face…
Restoring the markets in a financial crisis - the 2012 capital markets report
With contributions from over 100 senior corporate decision-makers and professional advisors, this white paper highlights the key issues for consideration and implementation by potential entrants to the markets, existing issuers and market participants.