Financial Markets Regulation - Current and Emerging
This is a highly participative 1 day programme designed for those who are working in of banking and international finance and require a comprehensive overview of Global Regulation and the impact on Financial Services.
This course is specifically designed for management professionals who require an broader understanding of the impacting market regulations
All terminology will be fully explained, and new financial markets initiatives explored.
By the end of the course delegates will be able to:
Understand the structure of Global Financial Markets Regulation.
Who are the Regulators and how Global Regulation is implemented at national level.
Understand how Financial Services are changing as a direct result of Regulation.
Understand why the banks have had to change the way they operate in the markets to service their customers.
Understand how banks are evolving, and the rationale behind the banks new business models.
Global Financial Markets
Defining our terms – capital market inter-relationships
How finance is raised on the Global Markets – banking intermediation?
Why regulation is critical
The role of Regulators – SEC,FSA, BIS, IMF, OECD
Who exactly are the BIS and how do they operate
Regulation in the UK – FCA, PRA, the twin-peaks approach
How banks interact with regulators and the intelligence services
AML and KYC
Regulatory impact Post Lehmans
What happened to banks during the credit crunch and why?
Post Lehmans – the US lead the way – Dodd Frank, SOX,FATCA
The Volker Rule
Regulation – Global, EU and the UK
Banking - Basel
Basel 1+11 – Regulatory Capital Requirements
o Operational risk and the 4 Pillars
Basel 111 and CRD 1V – Bank Capital and Liquidity Directives
Basel Committee on Banking Supervision (BCBS)
BCBS 219 – Fundamental Review pf the Trading Book (FRTB)
o Risk measurement: VaR to ES
o Standardised v Internal risk models
BCBS 239 – Data governance and architecture
BCBS 261 – Uncleared OTC swaps
EMIR: Central clearing in EU gets closer, swap reporting
Central Securities Depositary Regulation (CSDR)
Securities Financing Transaction Regulation (SFTR)
Regulation on Energy Market Integrity and Transparency (REMIT)
Financial Transaction Tax (FTT)
Banks and Asset Managers
Bank Ring- Fencing
o Are retail banks as dangerous as investment banks?
o The 3 objectives of ring-fencing
HSBC vs Lloyds – the cost and consequence of ring-fencing
Senior Managers Regime (SMR)
The Senior Managers Regime
The Certification Regime
The new Conduct Rules.
The new wider extension by 2018.
o Duty of Responsibility clause
o Traders and HFT’s are to be impacted.
MiFID 11, MiFID/MiFIR
Impacting European Financial Services
Focus on Trading - Multilateral Trading Facilities (MTF’s)
ESMA and the regulatory framework
UCITS V – Undertakings for the collective investment of transferable securities
AIFMD 1/ AIFMID 11 - Alternative Investment Fund Managers/Hedge Funds
Regulate the Fund Manager not the Funds
Passport to manage AIF’s
International Accounting Standards and Harmonization
Common Reporting Standards (CRS/OECD)
Why is this necessary and how are the banks involved
Public Sector Finance/Tax Gaps/Tax fraud
Financial Reporting in the Private and Public Sector
o International Accounting Standards – IAS, IFRS, GAAP, FATCA
o Automatic Exchange of Information (AEoI)
o Timeline for CRS
Capital Markets Union (EU)
o EU Regulatory Structure
o Key drivers – Growth, regulation, culture, competitiveness and timing
o A boost for investment banks
Timelines, objectives and discussion
o Regulatory heat-map (RAG)
o Why are US Investment banks outperforming European IB’s?
o What is the Future for Financial Services – function and innovation
o Why Information Technology is the key?
As every course we run is tailored to meet the specific needs of each client, we can only provide an estimate after fully understanding your specific requirements. Please complete the form below of call +44 (0) 208 894 4977 to discuss how Taylor Associates can help you.