FRSGlobal

In the News

Risk.net, January 2012: Fears over UK representation in Europe voiced in FCA report

Selwyn Blair-Ford, global head of regulatory policy at Wolters Kluwer Financial Services in London, sees the report as evidence of attempts to iron out any issues before the new regulators come into being. "The short-term implications with regards to the FSA winding down and splitting up could be that many feel they are dealing with a less engaged regulator," he says. "However, in our experience the FSA is proactively spurring the UK financial services industry to air their voices as the transition takes place. The industry and government could mitigate some of the long-term implications by being very clear on the issues and addressing them in the emerging regulatory structure now."

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FT.com, 15th January 2012: Asian rules provide tough blueprint for Europe

“If you look at the capital and liquidity requirements across Asia it is pretty clear they are at the heart of Basel III,” notes Selwyn Blair Ford, global head of regulatory policy at Wolters Kluwer Financial Services. “The elements are not all found in one jurisdiction, but they are all there across 20 Asian countries.”

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Solvency II Wire, 8th January 2012: ORSA challenges for the year ahead

One of the overarching challenges firms face is embedding the ORSA into the daily business decision making of the firm. It is one of the requirements of the directive that will prove particularly challenging, as these decisions are made by staff in different roles across the organisation.

“This means that there are, in effect, two challenges in one,” Mike MacDonagh, Enterprise Risk Management Content Strategist, Wolters Kluwer Financial Services, said. “The first is changing existing practices and mindsets to include an appraisal of the risk and solvency implications of decisions; the second is to make risk and solvency information available to those decision makers in a flexible and consistent way.”

Read the full article here courtesy of Solvency II Wire »

gtnews, 16th December 2011: Changing Capital Requirements: Eyes on 2012

In this instalment of his gtnews regulation blog, contributing editor and head of regulatory policy at Wolters Kluwer Financial Services' FRSGlobal, Selwyn Blair-Ford, dissects the new capital requirements introduced throughout the world and their ramifications in 2012.

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The European Financial Review, 14th December 2011: The Path To Profit – Compliance as a competitive advantage

One of the largest challenges facing the financial services industry is finding an outsourcing partner with both a deep understanding of the compliance space and the right technology. Great outsourcers must have the ability to do all of the required necessary work. Changes may need deployment within hours, by Mark Coronna

Read the full article here courtesy of The European Financial Review »