Vox Financial Partners are experts in regulatory change
Banks are staring down the pipeline at several enormous regulatory changes through 2021 including the LIBOR transition. The Australian Securities and Investments Commission (ASIC) recently urged CEOs of financial institutions to understand the full impact of LIBOR on their contracts and business processes and take immediate action to address the upcoming transition. ASIC Commissioner Cathie
We recently attended ISDA’s DerivCon in New York, a day’s worth of discussion on industry topics from industry leaders and market participants from regulators, banks, and others. Here are a few thoughts. Swap Execution Flexibility remains an issue CFTC Commissioner Brian Quintenz expressed the view that the CFTC’s 2013 decision to prescribe execution methods substituted
While the onslaught of regulatory reform projects faced by capital market participants since the 2008 financial crisis shows no sign of easing up, we reminded clients in January of something that might be forgotten amidst the Brexit hysteria: ‘The End of Libor is Nigh.’ MiFID II represented the biggest financial reform for global markets in
Between Dodd-Frank, MiFID, Initial Margin and EMIR, the pace of regulatory-driven change imposed on Wall Street since the 2008 financial crisis has been unrelenting. But regulatory mandates do not always have to be a burden. With a jiu-jitsu mindset, banks can use these events to enable transformative change across the enterprise.
In December 2018, the Financial Conduct Authority (FCA) conducted a market review, which indicated that despite many asset managers having a sound understanding of their responsibilities under the Market Abuse Regulation (MAR), a number continue to struggle with obligations relating to the surveillance of all orders and transactions. The FCA’s review showed that when MAR
We came across this article in The Trade, highlighting a study conducted by risk management consultancy JCRA and law firm Travers Smith, which highlighted that only 2% of asset management firms with exposure to LIBOR have renegotiated their contracts ahead of the benchmark’s withdrawal in 2021. In our view, this study highlights that firms
Summary: What’s going on in Belfast and why should you care? An overview of the global FinTech hub and why Vox Financial Partners primarily recruits consultants from the area. It’s a common misconception that innovation is new in Belfast. Modernization has been practiced for generations: shipbuilding, rope-making, tobacco farming, and textiles are all end-products of
Earlier this month, we attended ISDA’s Technology Forum. Of special interest was a session titled Documents, Data and Digitization: a discussion between a panel of expert lawyers moderated by ISDA’s General Counsel, Katherine Darras. Given we have our own cutting-edge digital document product, Opal, we were eager to learn about the progress being made by
We recently came across this Bloomberg article about the “Brexit banker exodus that wasn’t.” As Bloomberg reports, “JPMorgan Chase & Co. is likely to relocate about 400 people outside of Britain, just 10 percent of an initial estimate of up to 4,000. Deutsche Bank AG will similarly now move a few hundred bankers to Frankfurt
There has been a great deal of focus recently on whether Britain will stay a member of the customs union or single market post their departure of the EU. Because the majority of negotiation to date has been on trade rather than on services, the financial services industry in the UK has been left questioning
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We’re regulatory change specialists. Our consultants help top tier banks and broker-dealers in the US and Europe to plan, resource and implement major change projects.
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