FRSGlobal

In the News

gtnews, 10th November 2011: COREP Reporting: A Surreptitious Surprise for the UK Financial Sector?

While the financial press is dominated by the impact of Basel III, Dodd-Frank and other major global regulatory initiatives, little has been written about a regulation that could potentially have a significant effect on many UK firms in only a matter of months. In this latest chapter of his regulation blog on gtnews, contributing editor and head of regulatory policy at Wolters Kluwer Financial Services' FRSGlobal, Selwyn Blair-Ford, explores further.

Read the full article here courtesy of gtnews (free log-in required)»

CIR Magazine, 10th November 2011: FSA fines Coutts £6.3m

Coutts’ penalty comes just two weeks after the City watchdog – which in 2010 meted out record fines totalling a staggering £89.3m – hit the UK arm of a global financial services firm with a £5.95m fine relating to the sale of complex financial products," says Gabby Stephenson, compliance analyst UK for Wolters Kluwer Financial Services.

Read the full article here courtesy of CIR Magazine »

Bank Technology News, 1st November 2011: Will Basel III Kill Credit Models?

In addition to modifying credit risk models themselves, banks will need to invest time and technology into validating and back testing their model results, says Ioannis Akkizidis, senior financial risk analyst at Wolters Kluwer Financial Services.
"Regulators have said not all existing models are robust enough, so they propose to do stress testing of the input parameters to validate the results and also some back testing," he says. "They want to do stress tests on the quality and behavior of counterparties, especially the ones that are highly rated. Some of the changes in terms of validating the models are going to be redefined."

Read the full article here courtesy of Bank Technology News »

Private Banker International, 26th October 2011: The rising tide of regulation

Regulation is to increase in the coming years, meaning private banks need to adapt or suffer. PBI looks at the three regulations likely to have to biggest impact on private banks.

Read the full article here courtesy of Private Banker International (full subscription required) »

A-Team Insight, 17th October 2011: Collaboration is Key to Resolving Data Issues Raised by Regulation

Selwyn Blair-Ford, global head of regulatory policy at FRSGlobal, suggested a top-down approach to developing solutions that will deliver required data and reports, but added: “Increases in capital and liquidity, and reporting and stress testing to meet regulatory requirements are concepts that were not on the table three years ago. If there is any low hanging fruit it is individual to each firm depending on how close the firm is to an ideal reporting picture.”

Read the full article here courtesy of A-Team Group (full subscription required) »